BlackRock spot Bitcoin ETF has cemented its position as a dominant player by amassing a substantial Bitcoin (BTC) holding.
MicroStrategy founder Michael Saylor has sold 370,000 shares, pocketing $370 million from a stock sale agreement initiated last year.
Short traders who have been betting against the rise of MicroStrategy's stock have been left reeling, facing staggering losses totaling…
MicroStrategy Bitcoin holding now surpasses 1% of the total BTC supply, translating to an unrealized profit of approximately $6 billion.
Explore the latest crypto market updates, key macroeconomic trends, Ethereum Dencun Upgrade, MicroStrategy Overtakes BlackRock, and promising projects like Ether.Fi.
The company's bold moves, including an $800 million MicroStrategy convertible note offering, have rattled short sellers.
BlackRock Bitcoin holdings surpass 203,000 Bitcoins valued at $14.76 billion, marking a significant presence in the market.
MicroStrategy, led by CEO Michael Saylor, acquired an additional 12,000 Bitcoins, totaling 205,000 BTC and valued at $6.91 billion.
MicroStrategy convertible notes used to invest in Bitcoin have been increased to $700 million.
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