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MicroStrategy is set to build “the world’s largest Bitcoin business,” according to prominent wealth management firm Bernstein. Indeed, the firm noted that the Michael Saylor-led company could still increase by a remarkable 80% amid its ongoing BTC acquisition strategy. Saylor has been outspoken in his commitment and belief in Bitcoin, and that shows in MicroStrategy’s operations. Moreover, Bernstein analyst Gautam Chhugani told CNBC that Saylor has made the company “synonymous with the brand Bitcoin,” and is set to capitalize on its impending growth. Source – CoinGape Also Read: Bitcoin: MicroStrategy to Raise $500 Million For BTC Purchase MicroStrategy Boasts 80% Upside Amid BTC Strategy 2024 has already proven to be the year of Bitcoin. The asset has dominated discussions within the finance sector following the approval of a Spot Bitcoin ETF in January of this year. As we approach the midpoint, it has remained at the forefron...

MicroStrategy stock was down 10% on Tuesday, while Coinbase and other crypto stocks also dumped. Bitcoin price traded to lows of $60,600 before seeing a slight recovery. MicroStrategy , Coinbase , Riot Platforms and Marathon Digital stock s are among crypto -related stock s seeing downside pressure amid Bitcoin’s price struggles. MicroStrategy stock dumps 10% Coinbase’s COIN was down 3% in early trading on Tuesday, hovering around $211.74 while MicroStrategy’s MSTR stock had dumped over 10% to $1,152. The share price of the Michael Saylor led company has declined more than 29% in the past 30 days. Today’s double-digit dump for the MicroStrategy stock price comes a day after the company reported a net loss in Q1. Despite the impairment loss, the BTC buying software intelligence firm reported adding more coins to its holdings. That includes the 122 BTC the company acquired for $7.8 million in April to bring its total haul to 214,400 ...

Following the firm’s most recent acquisition, Michael Saylor’s MicroStrategy now holds 189,150 Bitcoin (BTC) worth an astounding $8.1 billion. Indeed, Saylor recently unveiled the software firm’s 14,620 BTC acquisition as of December 26th, propelling the total worth of the holdings.  The company has continued to embrace the acquisition of Bitcoin as a key strategy. Subsequently, purchases over the last month have catapulted the overall worth. Altogether, the firm has been accumulating the asset since 2020, behind Bitcoin advocate and CEO Michael Saylor.  JUST IN: Michael Saylor's MicroStrategy now holds 189,150 #Bitcoin worth $8.1 Billion. — Watcher.Guru (@WatcherGuru) December 27, 2023 Also Read: Michael Saylor’s MicroStrategy Bitcoin Hits $2.3B Unrealized Profit Michael Saylor’s MicroStrategy Bitcoin Holdings Worth $8 Billion 2023 has certainly been an exciting year for the digital asset sector. The potential approval ...

Michael Saylor founded MicroStrategy has bought 6,067 Bitcoin since the start of the third quarter. Business intelligence firm MicroStrategy has notched a paper gain of $900 million on its stack of 158,400 Bitcoin, spurred by optimism over the potential approval of spot Bitcoin exchange-traded funds. The Michael Saylor-founded firm added 6,067 Bitcoin (BTC) since the third quarter, including another 155 in October, according to MicroStrategy’s Nov. 1 results filing. In October, @MicroStrategy acquired an additional 155 BTC for $5.3 million and now holds 158,400 BTC. Please join us at 5pm ET as we discuss our Q3 2023 financial results and answer questions about the outlook for #BusinessIntelligence and #Bitcoin. $MSTR https://t.co/w7eRUcGobi — Michael Saylor️ (@saylor) November 1, 2023 MicroStrategy’s CEO Phong Le said the firm isn’t shying away from its Bitcoin strategy any time soon. “Our commitment to acquire and hold bitcoin remains strong, especially with the promising backdrop ...