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The total value of all cryptocurrencies in circulation currently stands at $3.5 trillion, which is near a record high. Bitcoin ( BTC 1.17%) accounts for more than half of that value, thanks to its market capitalization of almost $2 trillion.
While MicroStrategy's legacy software operations remain intact, its financial core has shifted decisively toward Bitcoin.
Key Takeaways Bitcoin briefly dropped below $90,000 early Monday, for the first time since November after a wild week of trading.Concerns around the Federal Reserve pulling back on rate cuts due to recent economic data may have made bitcoin investors nervous.
MicroStrategy expands its fundraising strategy with a $2B perpetual preferred stock offering while continuing aggressive bitcoin acquisitions
BlackRock is tired of being lumped in with MicroStrategy when it comes to Bitcoin. The asset management titan wants the world to know it’s playing a different game.
MicroStrategy adds 2,530 BTC worth $243M, continuing its aggressive Bitcoin acquisition strategy with over 450,000 BTC in reserves.
If bitcoin goes to the moon, a niche group of convertible-bond investors will win out. If the crypto tanks, they can ask for their money back early.
Bitwise said Bitcoin buying by companies like MicroStrategy is an "overlooked megatrend." Find out how it could impact the market.
Crypto hedge fund Wintermute predicts a potential Dogecoin DOGE/USD ETF launch in 2025 alongside other potentially revolutionary developments like the establishment of a strategic Bitcoin reserve in the United States.
MicroStrategy Inc. bought $101 million of Bitcoin after announcing that it would use perpetual preferred stock as well as common shares and debt to acquire more of the cryptocurrency.
Shares of MicroStrategy Inc. slumped again on Monday, after the software company and cryptocurrency play disclosed that it resumed bitcoin purchases at prices well above current levels. The company continued to lean on shareholders to fund the purchases, as it used the $243 million raised through the sale of common stock.