Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. Eva Marie Uzcategui | Bloomberg | Getty Images MicroStrategy founder and bitcoin evangelist Michael Saylor entered into a stock-sale plan with his company last summer that allowed him … Read more
The Freetrade logo on a smartphone screen. Rafael Henrique | Sopa Images | Lightrocket | Getty Images British stock trading app Freetrade hit eked out breakeven earlier this year, the company told CNBC, marking its first-ever move into the black after incurring full-year losses in 2023. Freetrade reported adjusted earnings before interest, tax, depreciation, and … Read more
A bitcoin is on a screen showing the Bitcoin-U.S. dollar exchange rate. Fernando Gutierrez-Juarez | picture alliance | Getty Images Bitcoin fell for a second day to start the new month and quarter, amid rising Treasury yields and strength in the U.S. dollar. The flagship cryptocurrency fell more than 6% on Tuesday to $65,150.00, bringing its … Read more
Nicolas Economou | Nurphoto | Getty Images Bitcoin spiked to start the final week of March, reclaiming the $69,000 level. The price of the flagship cryptocurrency was last higher by about 6% at $69,778.60, according to Coin Metrics. Ether jumped 5% to $3,575.01. Most other cryptocurrencies rode the bitcoin wave, too. MicroStrategy, which trades as … Read more
The S&P 500 was little changed Wednesday as investors awaited the latest Federal Reserve policy decision. The broad market index and Nasdaq Composite hovered near the flatline, while the Dow Jones Industrial Average added 44 points. Intel rose more than 1% on news that the White House plans to award the semiconductor company $8.5 billion … Read more
CostFoto | Nurphoto | Getty Images Shares of MicroStrategy tumbled on Tuesday alongside the price of bitcoin, as the company bought even more of the cryptocurrency. The stock was last lower by 5.67%. Earlier, it fell as much as 18%. The move came as MicroStrategy bought an additional 9,245 bitcoins for about $623 million, according … Read more
MicroStrategy just scooped up even more bitcoin as the cryptocurrency’s price pulled back from a new all-time high – a key strategy for the firm and one that has helped prop up the price of bitcoin. However, JPMorgan’s Marko Kolanovic warned that those leveraged purchases could also make any big downdrafts in bitcoin worse, saying … Read more
Bitcoin extended its slide on Tuesday, dropping more than $10,000 from its all-time high last week. The flagship cryptocurrency was last lower by 5% at $63,460.33, according to Coin Metrics. Last week, it climbed to a record $73,679. The move helped drag other cryptocurrencies lower. Ether lost more than 5% and was recently trading at … Read more
Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022. Eva Marie Uzcategui | Bloomberg | Getty Images Whenever Michael Saylor utters the word “bitcoin,” MicroStrategy shares pop. He has been doing a lot of uttering lately. On Monday, the MicroStrategy founder posted on social media … Read more
Selim Korkutata | Anadolu Agency | Getty Images Cryptocurrencies bounced on Wednesday, recovering much of the losses from the previous day’s sell-off, which came soon after bitcoin hit an all-time high. Bitcoin was last higher by 7.9% at $67,273.54, according to Coin Metrics, while ether rocketed more than 13% to $3,872.56, its highest level since … Read more
