Michael Saylor Believes Demand for Bitcoin Products Is 10x the Supply
MicroStrategy co-founder and executive chairman says his company is re-branding as a bitcoin development company during CNBC interview.
MicroStrategy co-founder and executive chairman says his company is re-branding as a bitcoin development company during CNBC interview.
A source said that the investment was split evenly between the two digital assets.
The asset manager is also one of the issuers of a spot bitcoin exchange-traded fund but hasn’t seen the same success as frontrunners BlackRock and Fidelity.
Wright continued to blame a host of reasons and people for inconsistencies pointed out by opposing counsel on Monday as his cross-examination intensified.
The bankrupt exchange’s unit, Digital Custody Inc., which FTX bought for $10 million, sold for just $500k to CoinList.
The country has long suffered from economic troubles and the inflation rate last year rose above 200%.
The world’s largest crypto has now more than recovered since tumbling below $40,000 in the initial days following the opening of the spot ETFs.
Bitcoin approached the $50,000 level Monday for the first time in more than two years, but selling pressure on exchanges stalled the advance.
Potential selling pressure from Genesis, a crypto lender under bankruptcy protection, liquidating its $1.6 billion worth of GBTC holdings could weigh on ETF net inflows and prices in the next months, CoinShares analyst said.
Fourth quarter EBITDA was $99 million versus a loss of $7 million a year earlier.