The Microstrategy executive Michael Saylor is a big believer in Bitcoin as his company has purchased close to 130,000 bitcoin during the last few years. Six days ago, the U.S. Office of Science and Technology Policy published a report that claims proof-of-work mining operations have been affecting climate change. The science and tech department believes…
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The attorney general of the District of Columbia has sued Microstrategy’s co-founder and executive chairman, Michael Saylor, for tax fraud. The lawsuit also names Microstrategy as a defendant “alleging that it conspired to help him evade taxes he legally owes.” Both Saylor and Microstrategy denied the allegations. The attorney general is seeking more than $100…
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Cryptocurrency’s real-world utility is growing, users are increasing, and plans are proceeding apace — despite events that have provoked some temporary price challenges. As cryptocurrency investors know, the market moves in cycles. We had the up-cycle when Bitcoin (BTC) and Ether (ETH) hit their all-time highs, and now the bears are back in town. One…
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The District of Columbia’s Attorney General has publicly stated that his office will launch a tax fraud lawsuit against the IT firm MicroStrategy and its Bitcoin (BTC) bull former CEO Michael Saylor. But the firm called the lawsuit “false” – and has vowed to “defend aggressively” against what it called an “overreach.”… Read More: MicroStrategy…
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Microstrategy (MSTR) has “outperformed every asset class and big tech stock” since the company adopted a bitcoin strategy and started accumulating the cryptocurrency in its corporate treasury, says CEO Michael Saylor. The pro-bitcoin executive will be stepping down as the CEO of Microstrategy and take the role of the company’s executive chairman to focus on…
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The bitcoin (BTC)-keen American software firm MicroStrategy could pivot even further toward BTC – despite the announcement that its co-founder Michael Saylor will step down as CEO on August 8…. Read More: MicroStrategy’s Saylor Says Stepping Down as CEO Will Let Him Focus More on Bitcoin Read more »Pay, Trade, Buy Bitcoin with Credit Card
The soon-to-be former CEO said splitting the roles of MicroStrategy’s chief executive officer and chair would help the firm pursue its strategy of “acquiring and holding Bitcoin.” Bitcoin maximalist Michael Saylor has announced that he will step down as the chief executive officer of MicroStrategy, the business intelligence firm he helped co-found in 1989. In…
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The global Bitcoin (BTC) mining industry had a sustainable electricity mix of 59.5% during the second quarter of the year, or slightly up compared with the first quarter, according to the latest quarterly survey conducted by the Bitcoin Mining Council. The survey, which collected data from over 50% of the global Bitcoin mining network, representing…
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The MicroStrategy CEO argued that ETH is a security as it was issued via an ICO and its network has had many fundamental changes over the years. MicroStrategy CEO and Bitcoin (BTC) bull Michael Saylor said that Ethereum (ETH) is ‘obviously’ a security as he doubled down on labeling BTC as the only commodity in…
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Michael Saylor’s company MicroStrategy has taken advantage of the currently low bitcoin (BTC) price by adding another BTC 480 to its coffers. The bitcoin purchase, worth around USD 10m, was made at an average price of USD 20,817 per coin, above the market price at the time of writing (12:20 UTC) of around USD 20,100,…
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