Tag: Michael Saylor
Posted in Business
How did bitcoin turn Strategy’s $9.5b loss into a $4.7b profit?
Strategy’s Bitcoin holdings have moved back into profit after Bitcoin’s sharp recovery pushed the cryptocurrency above the company’s average buying price. Strategy, formerly known as…
Posted in Business
Strategy raises $2 billion, builds $1.59 billion cash pool as Michael Saylor pauses Bitcoin buying
Strategy has raised about $2 billion in fresh cash by selling common shares over the past week. The company is building a larger cash buffer…
Posted in Business
Strategy sells 1,638 bitcoin for $105M, boosts cash reserve to $4 billion
The Strategy is selling Bitcoin instead of buying more. The company sold 1,638 Bitcoin for about $104.7 million, at an average price of $63,957 per…
Posted in Business
Michael Saylor’s Strategy Is Trapped by Its Own Broken Bitcoin Math
Strategy, the bitcoin-hoarding company led by Chairman Michael Saylor, is caught in a math trap of its own making. Under Michael Saylor, Strategy devised the…