MicroStrategy just bought 660 more bitcoins, boosting its stake to $3.78 billion

MicroStrategy CFO Phong Le recentlythat the company is even considering other ways to invest in bitcoin, like bitcoin-backed bonds, though he declined to name which ones.

Thus far, the Tysons Corner, Virginia-based firm has taken on billions in debt to buy up thousands of bitcoins.its crypto accounting practices, which means MicroStrategy can't strip out bitcoin's price swings from its unofficial non-GAAP accounting measures it presents to investors.

Source: News Formal (newsformal.com)

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Maverick: Cathie Wood Boosts Robinhood Buying With Stock at Record LowCathie Wood stepped up buying of Robinhood Markets Inc. shares as the online broker’s stock dropped to a record low following earnings that fell short of Wall Street expectations.
Source: dailymaverick - 🏆 3. / 84 Read more »

PICS: Cute celebrity pets prove it’s a dog’s life after allFrom Melinda Bam’s French Bulldogs to Liezel van der Westhuizen’s rescues, these pets prove that it’s a dog’s life after all.
Source: TheCitizen_News - 🏆 6. / 75 Read more »

Rather than a bitcoin bear cycle, could this be a bitcoin supercycle?[SPONSORED] Is Bitcoin in a bearmarket? Or a normal market pullback? RevixInvest Moneyweb Cryptos Ether NFTs
Source: Moneyweb - 🏆 5. / 77 Read more »

ECONOMIC WEEK AHEAD: Trade balance and manufacturing data to take the spotlightHigher commodity prices are expected to have boosted the trade surplus in 2021
Source: BDliveSA - 🏆 12. / 63 Read more »

Amazon leads corporate clean-energy purchasesCompany accounts for 20% of a record 31.1GW of clean power capacity bought by corporations
Source: BDliveSA - 🏆 12. / 63 Read more »

Amplats to sell stake in two mines to rival SibanyeAnglo American Platinum (Amplats) will sell its 50% stake in its Kroondal and Marikana operations northwest of Johannesburg to Sibanye Stillwater, the platinum group metals miners (PGM) said on Monday.
Source: SowetanLIVE - 🏆 13. / 63 Read more »