MicroStrategy's turbulent interaction with the Bitcoin market remains the focus of recent updates. It is notably suggested by
CEO Michael Saylor that Bitcoin could hit $13,000,000 in a base-case scenario. Shared predictions from
Ambitious view the company potentially hitting a value of a trillion-dollar stock by 2030. Recent news announced the 10-for-1 stock split to boost accessibility and enhance trading volumes. Meanwhile, it has been reported that MicroStrategy increased their convertible note offering by 40% to $700M, as part of their plan to acquire more Bitcoin. Amidst controversy,
Saylor has recently settled a D.C. tax fraud case for $40M. Despite a reported net loss and
revenue decline, the company continues to invest in Bitcoin acquisitions, further expanding their cryptocurrency portfolio. Elsewhere,
Metaplanet and
Semler Scientific adopt MicroStrategy's Bitcoin strategies. Despite a 6.6% drop in trading, the
MicroStrategy stock rose by 24% for the first time in 24 years, in synergy with Bitcoin's rally.
Microstrategy News Analytics from Tue, 06 Feb 2024 08:00:00 GMT to Sun, 28 Jul 2024 08:24:28 GMT -
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- Innovation 7
- Information 8
- Rumor -3
