Forbes magazine featured Michael Saylor, Chairman of MicroStrategy, on its cover, dubbing him "The Bitcoin Alchemist" in recognition of his transformative influence on the financial world through cryptocurrency.
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Saylor's bull case gives Bitcoin a $49 million price target in 2045, putting its market cap at an astronomical $1 quadrillion. Even the bear case is very optimistic, with Bitcoin's price rising at an average annual pace of 18.4% and hitting $3 million in 20 years.
MicroStrategy announced Monday that it had bought even more Bitcoin and revealed it would sell stock to raise capital and fund future purchases of the cryptocurrency. MicroStrategy’s latest purchase brings its total holdings to more than 470,
That all changed in 2020, when MicroStrategy's co-founder and then-CEO Michael Saylor directed it to buy 21,454 Bitcoin s (CRYPTO: BTC) for $250 million. It then accumulated more Bitcoin each year, and it held 450,000 Bitcoins as of Jan. 13.
MicroStrategy co-founder Michael Saylor has hinted at another Bitcoin purchase scheduled for Jan. 27, following the company’s recent acquisition of 11,000 BTC on Jan. 21.
As a result, Saylor predicts Bitcoin could soar to $13 million per coin by the year 2045, which would translate to an eye-popping 13,031% gain for investors who buy it at the current price of about $99,000. But how realistic is that target?
Bitcoin bonds” offer insurers a less risky way to purchase cryptocurrency.
Nasdaq-listed Nuvve is the latest company to announce a Bitcoin reserve: The green energy firm will allocate 30% of its cash to the asset.
MicroStrategy Inc. (NASDAQ:MSTR) can benefit from the rising Bitcoin (CRYPTO: BTC) prices, and faster growth in its holdings as compared to share dilution, says Mizuho as it describes the company’s play on the cryptocurrency as the “Lever for the Believer” in its note dated Jan.
The Tysons firm has become the most prominent public company to buy and hold the cryptocurrency. MicroStrategy Inc. was born a software company, but at this point it's best known for its massive ...