Microstrategy Plans a $400 Million Capital Raise to Buy More Bitcoin

Microstrategy Plans a $400 Million Capital Raise to Buy More BitcoinMicrostrategy Inc., said Monday that it is planning to sell $400 million in convertible senior notes to private investors so that it could buy more bitcoin. The Nasdaq-listed business intelligence and mobile software company already holds 40,824 bitcoin (BTC) in reserve, valued at $776 million at current prices of around $19,000 per each bitcoin. On […]

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Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand Rockets

Paypal Bought 70% of All Newly Mined Bitcoin Last Month as Demand RocketsPaypal bought up to 70% of all the newly mined bitcoin since the payments giant started offering cryptocurrency services four weeks ago. Now that’s according to estimates by hedge fund manager Pantera Capital, as revealed in its latest monthly blockchain letter. Together with Square’s Cash App, the two companies are buying more than 100% of […]

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$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the Supply

$10 Billion in BTC Reserves: Companies With Bitcoin Treasuries Command Close to 4% of the SupplyThe web portal bitcointreasuries.org now shows close to two dozen firms with a large number of bitcoin reserves. Currently, the aggregate total bitcoin held in reserves by the 23 companies listed is roughly 785,999 BTC worth well over $10 billion dollars. This past August the billion-dollar firm Microstrategy announced it purchased 21,454 BTC for around […]

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Here Are the Top Public Companies That Have Adopted Bitcoin as a Reserve Asset

When Microstrategy Inc. bought $425 million bitcoin in the last two months, the decision became an important stamp of institutional approval of the top crypto’s credentials as a mature, safe-haven asset. The American technology firm had just made bitcoin its primary reserve asset to hedge against fiat inflation. Now, it appears major global companies are […]

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Corporate Crypto Reserve Status: Software Firm Snappa Swaps 40% Cash Reserves for Bitcoin

Corporate Crypto Reserve Status: Software Firm Snappa Swaps 40% Cash Reserves for BitcoinOn Monday, Canadian graphics software company, Snappa, revealed that it was holding bitcoin as a reserve asset. Snappa follows the firms Microstrategy and the Canadian restaurant chain Tahini’s by deciding to convert cash reserves into the scarce crypto asset. The graphics software firm Snappa based in Ottawa has joined the trend of companies converting cash […]

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