Coinbase, Circle, Galaxy Digital, MicroStrategy Drop Silvergate After Bank Warns About Its Viability
Various crypto businesses distanced themselves from Silvergate following its decision to postpone the submission of its annual 10-K report to the Securities and Exchange Commission (SEC).
MicroStrategy Says It Doesn’t Have Any Assets Custodied With Silvergate
Business software company Microstrategy (MSTR) said it has no assets custodied with Silvergate Capital (SI) and is in no other way financially linked to the bank other than a commitment to repay a loan in 2025, the company said on Thursday.
MicroStrategy Founder Michael Saylor Loses Court Bid to Dismiss DC Tax Evasion Claims
MicroStrategy (MSTR) founder and executive chairman Michael Saylor has lost a bid to dismiss claims that he failed to pay personal income taxes, interest and penalties due for Washington, D.C., according to a ruling on Feb. 28.
Microstrategy Has Raised $46.6M via Share Sales Since September
MicroStrategy, led by Michael Saylor, disclosed in an SEC filing that it has raised $46.6 million through the sale of shares since September 2022, when it entered into an agreement with underwriter Cowen and Co.for the sale of up to $500 million in common stock.
MicroStrategy Records 8th Consecutive Quarterly Loss After $198M BTC Impairment Charge
American business intelligence company MicroStrategy has recorded another quarterly loss after calculating the value of its Bitcoin portfolio.
MicroStrategy’s Michael Saylor Questions Charlie Munger’s Knowledge on Bitcoin
Michael Saylor, the Executive Chairman of MicroStrategy, stated that Charlie and other prominent business leaders are constantly being asked for their opinion on Bitcoin (BTC), despite the fact that they have zero to no knowledge about the flagship cryptocurrency.
MicroStrategy's Bitcoin Bet Backfires: Reports Massive Fourth Quarter Loss – Here's What You Need to Know
Bitcoin (BTC) bull Michael Saylor’s big bet may be about to backfire for his company MicroStrategy, after the firm on Thursday reported a massive loss for the fourth quarter of last year.
MicroStrategy Stock Soars 100% in 2023 As Firm Bought 8,800 BTC During 2022 Crash
Enterprise business intelligence (BI) software vendor MicroStrategy (NASDAQ: MSTR) purchased over 8,800 Bitcoin (BTC) during the massive plunge the cryptocurrency market suffered in 2022, whereas its stock more than doubled since the year’s turn, a new report has shown.
MicroStrategy’s Bitcoin Holdings Were Valued at $2.2B in Q4 2022
Andrew Kang, CFO of Microstrategy, said that the company increased its total Bitcoin holdings to approximately 132,500 BTC during the fourth quarter of 2022. That amount had a market value of $2.194 billion at the end of the quarter on Dec. 31, 2022.
MicroStrategy Books Impairment Charge of $197.6M on Bitcoin Holdings in Q4
MicroStrategy (MSTR) posted a digital asset impairment charge of $197.6 million on its bitcoin (BTC) holdings in the fourth quarter, up from a $727,000 charge in Q3.
