MicroStrategy posts Q1 revenue loss amid falling Bitcoin price
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MicroStrategy Inc., the world’s largest corporate holder of Bitcoin, reported a total revenue of US$119.3 million in Q1, a 2.9% year-over-year decrease. See related article: Terra’s US$10 billion…
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Corporate treasury Bitcoin holdings have doubled in the last 12 months, according to data shared by Bitwise executive Bradley Duke. Duke, the co-founder of ETC Group and Head of Europe for Bitwise, noted that this is just the beginning of Bitcoin adoption. According to the data, BTC holdings in corporate…
MicroStrategy, which made a big splash in the market with its Bitcoin (BTC) purchases, recently announced that it will raise $42 billion in funds for new Bitcoin purchases. Stating that he will continue to buy even if the price of Bitcoin increases, MicroStrategy founder Michael Saylor announced that they will…