Bitcoin’s Biggest Corporate Backer Expects $285 Million Loss After Crypto Crash—But Wants To Raise $400 Million In Debt To Buy More

Bitcoin’s Biggest Corporate Backer Expects $285 Million Loss After Crypto Crash—But Wants To Raise $400 Million In Debt To Buy More

top line After bitcoin’s massive meltdown last month, business analytics firm MicroStrategy, the largest cryptocurrency company, warned Monday that it expects to incur a loss of at least $284.5 million in the second quarter as a result of its bitcoin holdings, but a powerful bitcoin bull — aided by the CEO. Billionaire Michael Saylor has … Read more

Tesla’s Bitcoin Investment Fell $1 Billion Last Quarter Amid Crypto Market Crash

Tesla's Bitcoin Investment Fell $1 Billion Last Quarter Amid Crypto Market Crash

top line A day after publishing second-quarter earnings, electric car maker Tesla revealed in a public filing Tuesday that the value of its bitcoin holdings fell by more than $1 billion in the last quarter from $2.5 billion at the end of March as the nascent cryptocurrency market nearly rebounded. From a near 40% crash, … Read more

The Biggest Bull In Bitcoin Made A Wild $6 Million Price Prediction as Ethereum Rivals Make Huge Gains

The Biggest Bull In Bitcoin Made A Wild $6 Million Price Prediction as Ethereum Rivals Make Huge Gains

Bitcoin and cryptocurrency prices are on the rise in late Santa Days this week with the price of bitcoin soaring over $50,000 per bitcoin — even as Tesla’s Elon Musk and Twitter founder Jack Dorsey discuss the future of cryptocurrency. Bitcoin’s price has soared to levels not seen since before its crash in early December, … Read more

Stock Market Today: Tech Stocks Recover, Bond Yields Rise, Bitcoin Slides

Stock Market Today: Tech Stocks Recover, Bond Yields Rise, Bitcoin Slides

Technology shares were recovering Thursday after selling off as bond yields soared to epidemic-era highs. In midday trading, the Dow Jones Industrial Average The index fell 102 points, or 0.3%, after the index fell 392 points, or more than 1%, on Wednesday. the Standard & Poor’s 500 It rose 0.1%, while heavy technology Nasdaq Composite … Read more

Bitcoin’s Biggest Corporate Backer Announces $94 Million Investment Amid $250 Billion Crypto Market Crash

Bitcoin’s Biggest Corporate Backer Announces $94 Million Investment Amid $250 Billion Crypto Market Crash

top line MicroStrategy, the data analytics firm run by billionaire Michael Saylor, announced its latest major investment in bitcoin Thursday morning, and once again doubled down on its impressive commitment to the world’s largest cryptocurrency as the market recovers from the flaw of driving prices lower. Less than 30% below the all-time high set last … Read more