MicroStrategy stock was down in Tuesday morning trading after President Donald Trump’s inaugural address didn’t touch on his plans for Bitcoin. Despite promises of a “golden age” for cryptocurrency on the campaign trail and talk of a strategic Bitcoin reserve,
On the other hand, Coinbase is less affected by Bitcoin price fluctuations. As long as trading volumes remain high, whether through sell or buy transaction, it will continue make money from the trading fees. This article first appeared on GuruFocus.
Shareholders of MicroStrategy (MSTR) gave the company the go-ahead to boost its number of authorized class A common shares by 30-fold to finance purchases of bitcoin.
MicroStrategy Inc. shareholders voted for a 30 times increase to the number of authorized Class A common shares to help finance the company’s Bitcoin buying.
While MicroStrategy's legacy software operations remain intact, its financial core has shifted decisively toward Bitcoin.
With Bitcoin ETFs outperforming gold, this asset stands out as an important piece in diversified portfolios. Read my analysis of BTC-USD.
MicroStrategy—which almost exclusively focuses on securitizing Bitcoin—last year announced a “21/21 Plan” to raise $46 billion to buy even more Bitcoin. The plan would see the firm raise $21 billion via equity, with another $21 billion coming by selling fixed income securities.
Bitcoin held above $100,000, with VET, ENA, LINK and LDO posting notable gains a day after President Donald Trump bypassed mentioning crypto or a strategic bitcoin reserve in his inauguration speech.
At the World Economic Forum in Davos, industry leaders debated Bitcoin’s role as a reserve asset, the memecoin frenzy and crypto’s future amid Trump’s return to the Oval Office.
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MicroStrategy Inc. (NASDAQ:MSTR) shareholders on Tuesday approved a proposal to increase the company’s authorized Class A shares by 30 times to support future Bitcoin (CRYPTO: BTC) acquisitions.