MicroStrategy Makes Profit, Reports $24 Million Bitcoin Impairment Charge in Q2

The company has returned to profitability after a modest rise in the price of Bitcoin.

• 2023-08-02
• MicroStrategy Bitcoin Michael Saylor software company

Charles Schwab, Citadel-Backed Startup Is Building Crypto 'Plumbing' for Big Banks

The startup has said it's bringing the best of Wall Street to a technology aimed at replacing it.

• 2023-06-21
• Citadel Securities Charles Schwab institutional investors EDX cryptocurrency exchange Michael Saylor Wall Street institutional demand crypto

Passing Fad? Bitcoin Ordinals Inscriptions Just Hit a New Milestone

The number of Bitcoin Ordinals—which includes NFTs and meme tokens—continues to surge, with supporters calling it a catalyst for adoption.

• 2023-05-26
• Ordinals Bitcoin Ordinals Michael Saylor

Bitcoin 2023 Miami: Ordinals and Politicians Bring The Heat to Marquee Bitcoin Conference

A recap of what went down at the flagship Bitcoin Miami 2023 conference.

• 2023-05-24
• Bitcoin mining Michael Lewis Michael Saylor Bitcoin Ordinals Miami Beach Convention Center Jack Mallers Ordinals Bitcoin

Bitcoin Rally Puts MicroStrategy in the Green for First Time in 9 Quarters

MicroStrategy has reported its first net income in nine quarters after leveraging a tax benefit related to its Bitcoin stash.

• 2023-05-02
• MicroStrategy Bitcoin Michael Saylor Bitcoin Strategy

MicroStrategy Is Uniquely Positioned to Benefit From Rising Bitcoin Price: Berenberg

The bank initiated coverage of the stock with a buy rating and a $430 price target, implying 40% potential upside.

• 2023-04-28
• MicroStrategy Berenberg Michael Saylor price of bitcoin executive chairman premarket trading BTC price listed companies

This Week on Crypto Twitter: Tom Emmer Grilling Gensler Goes Viral, US and EU Regulators Make Moves

Soulja Boy’s history of shilling crypto scams was brought to light this week by one crypto sleuth.

• 2023-04-24
• Tornado Cash decentralized systems Michael Saylor crypto regulation U.S. Securities and Exchange Commission Gabriel Shapiro Crypto SEC

MicroStrategy Pays Off Silvergate Loan, Buys More Bitcoin

The company in March 2022 had borrowed $205 million from Silvergate Bank.

• 2023-03-27
• Silvergate Bank MicroStrategy Michael Saylor software company U.S. Securities and Exchange Commission

SVB Collapse Reveals a Surprise for Bitcoin

The banking crisis caused by the collapse of Silicon Valley Bank continues to worry investors. Since regulators shut down the California bank, which primarily catered to startups and venture capital firms, all eyes have turned to other regional banks. Then there's the crisis across the Atlantic Ocean: Investor mistrust revolves around Credit Suisse, the Swiss bank weakened by a series of scandals over the past three years.

• 2023-03-17
• Credit Suisse Silicon Valley Bank Michael Saylor Swiss National Bank SVB institutional investors bank account regional banks commercial banks venture capital firms Treasury Department

Tysons-based MicroStrategy sees 2022 loss soar on bitcoin volatility

MicroStrategy Inc.’s bitcoin bets grew even more costly last year as an impairment charge related to those holdings contributed to a near-tripling of its total net loss year-over-year to $1.5 billion in 2022 — its highest loss since at least the turn of the millennium In all, the Tysons business intelligence software company had to report more than $1.3 billion in digital asset impairment charges based on its bitcoin holdings for all of 2022, according to its earnings report released Thursday.

• 2023-02-04
• MicroStrategy Michael Saylor impairment charges Phong Le bitcoin prices