MicroStrategy's MSTR stock price has rebounded following the last week's market crash while the platform failed to make new BTC purchases.
Last week, the company disclosed that it was more than doubling its bitcoin holdings last year while reducing its workforce
The billionaire CEO of Microstrategy, Michael Saylor, Bitcoin’s future. By burning his keys, he’ll contribute to Bitcoin’s scarcity and potentially its value–a kind of systems-level, digital economy variation on the style of end-of-life philanthropy encouraged by Bill Gates and Warren Buffett.
Disclaimer: The analyst who wrote this piece owns shares of Strategy (MSTR) Strategy (MSTR) on Monday morning confirmed it did not purchase additional bitcoin (BTC) in the week ended Sunday, keeping its total holdings at 499,
MicroStrategy’s past bond success is unlikely to repeat. See why MSTR stock is risky and less efficient for Bitcoin exposure compared to other options.
On-chain data has indicated that Bitcoin held in exchanges has dropped to a multi-year low of a little over 2.45 million BTC as of March 5. The decreasing reserves have reached the lowest level since 2022,
Explore how Coinbase and MicroStrategy have positioned themselves in the cryptocurrency ecosystem and what their stock performance reveals about Bitcoin's growing influence in traditional markets.​
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The $4.1 million bitcoin acquisition makes Méliuz the first publicly listed Brazilian company to hold bitcoin on its balance sheet. The strategy mirrors those adopted by U.S. firms like MicroStrategy, which holds over 500,000 bitcoins worth over $46 billion.