Microstrategy Stock Drops 6% Amid Latest $6M Bitcoin Buy
The business intelligence firm Microstrategy says it has now spent a total of $3.98 billion on its Bitcoin bet.
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on DecryptRelated market context
Solana treasury firm cuts shares 700-for-1 but leaves room for nearly 100 billion more
Solana treasury company SOLAI Limited (formerly BIT Mining) said shareholders approved a capital reset that leaves it with 100 bil...
Bitcoin turned $10,000 into $870,000 in a decade where 87% of active stock funds failed to beat passive rivals
Bitcoin returned 87 times over a decade, while only 13% of actively managed US large-cap equity funds beat comparable passive fund...
Strategy raised $334 million from MSTR shareholders last week — Bitcoin got none of it
Strategy (formerly MicroStrategy) directed all $333.7 million raised from common-stock sales last week toward preferred-stock obli...
Tether Pushes Into Artificial Intelligence as User Base Tops 650M
Tether is expanding into artificial intelligence as it looks to build on a global user base of more than 650 million. CEO Paolo Ar...
Tokenized equities triple market share as Ondo, Binance and xStocks dominate
Tokenized stock market share has grown to 15%, up 3x from the start of the year, with the total market cap around $2.8 billion.
Visa Seeks New Stablecoin Settlement Partner After Mastercard Buys Payments Firm BVNK
Visa is taking bids for a new stablecoin settlement partner after Mastercard bought the firm that had been filling the role, accor...