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Microstrategy

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Bitcoin, bitcoin investing, crypto, crypto investing, Crypto Investments, crypto investors, Cryptocurrencies, cryptocurrency, Markets, MI Exclusive, Michael Saylor, Microstrategy, Microstrategy bitcoin

Bitcoin bull Michael Saylor says the cryptocurrency’s volatility will always hurt those who invest purely to trade

Michael Saylor, CEO of MicroStrategy Joe Raedle/Getty Images Michael Saylor said bitcoin's volatility will always be disappointing for some investors. In an interview with Sven Henrich, Saylor said anyone who invests purely to trade could run into trouble. The MicroStrategy CEO also said he views his bitcoin holdings as long-term tech and savings investments. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Bitcoin bull Michael Saylor said the cryptocurrency's volatility will always hurt those who invest purely to trade or based on speculation in a recent interview with Northman Trader's Sven Henrich over the weekend. "The people that invest in bitcoin as traders-and they don't, they don't have a technology view or the macro view-they're always going to ...
bitcoin price, BTC-USD, Markets, MI Exclusive, Michael Saylor, Microstrategy, Microstrategy bitcoin

MicroStrategy just bought another $489 million in bitcoin to add to its vast trove of the cryptocurrency

MicroStrategy said Monday it spent roughly $489 million to purchase approximately 13,005 bitcoins for an average price of about $37,617 per coin. Bitcoin has fallen sharply in recent days and dropped 8% on Monday to $32,590.Bitcoin bull Michael Saylor's company now holds an aggregate of approximately 105,085 bitcoins, which were acquired at an aggregate purchase price of approximately $2.741 billion and an average purchase price of approximately $26,080 per bitcoin.The last time MicroStrategy announced a large bitcoin purchase was in February, when the company purchased approximately 19,452 bitcoins for about $1.026 billion in cash at an average price of $52,765 per bitcoin, inclusive of fees and expenses.The recent dips in b...