Category: andrew kang

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Microstrategy Boosts Bitcoin Holdings to 226,500 BTC With Q2 Acquisitions

August 2, 2024

Nasdaq-listed Microstrategy acquired 12,222 bitcoins in the second quarter, bringing its total holdings to 226,500 BTC. CEO Phong Le and CFO Andrew Kang expressed optimism about future bitcoin support and emphasized the company’s financial strategies. Despite net losses, Microstrategy remains committed to its bitcoin strategy. Microstrategy Expands Bitcoin Holdings Microstrategy Inc. (Nasdaq: MSTR) reported its…
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Solana Could Face A 41% Crash, Warns Mechanism Capital Co-Founder

June 20, 2024

Andrew Kang, co-founder of Mechanism Capital, voiced concerns over the potential volatility and impending price correction of Solana (SOL) in a market analysis posted on X. His comments come amid a broader dialogue concerning the delayed second wave of US spot Bitcoin ETFs, which he now anticipates could be pushed back by one to two…
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MicroStrategy’s Bitcoin conviction ‘strong’ as it posts Q1 profit

May 2, 2023

A one-time income tax benefit helped the firm reach a profit of $94 million in the first quarter of 2023. Business intelligence platform MicroStrategy has reiterated its commitment to its Bitcoin (BTC) investment strategy after turning its first quarterly profit since 2020.  The Michael Saylor-founded firm went back into the green in the first quarter…
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