news

bitcoin

1 X

bitcoin = $50477.00

Monday

08 March 2021

MicroStrategy Raises $1.05 Billion to Boost Bitcoin Offering

smart summary beta

MicroStrategy Raises $1.05 Billion to Boost Bitcoin Offering.

The debt won’t pay interest, and the company estimates total sales to be around $1 billion; it considers the amount enough to buy about 20,000 Bitcoin at current levels.

The corporate software company began buying crypto with its funds last summer beforeissuing debt in Decemberto increase its holdings to more than $1 billion.

Since then, stakes have tripled, as bitcoin has recovered 350% since it was announced its first purchase on August 11.

invested $1.5 billion of its $19 billion funds into Bitcoin last week.

Goto Full Article

bitcoin price

$50477.00

24h

Live Average

News Article Sentiment

positive

Score (0)

Critics Claim Tesla Should Sell Bitcoin Position, Electric Vehicle Firm's Shares Down 30% Since Buying – Bitcoin News
published: 20 minutes ago
Ever since Tesla announced the company held $1.5 billion in bitcoin on its balance sheet, the company’s stocks have dropped over 30%.

sentiment (-0.3) Negative

George Ball Says Crypto Is Effective Hedge Against Currency Debasement as US Passes $1.9 Trillion Stimulus Bill – Regulation Bitcoin News
published: 2 hours ago
The chairman of investment firm Sanders Morris Harris, George Ball, says cryptocurrencies are an effective hedge against currency debasement. In addition, he says that cryptocurrencies are attractive...

sentiment (-0.2) Negative

Mark Cuban sees $1 written in DOGE's tea leaves
published: 5 hours ago
The price of Dogecoin would need to rise more than 1,800% to reach $1, something Mark Cuban thinks will happen after Dallas Mavericks fans use more than 6 billion DOGE to buy merchandise.

sentiment (0) Neutral

Article Metadata

2021-02-20 14:26:09

author

Wayne Jones

site

btcmanager.com