MicroStrategy has bought Bitcoin for the eighth consecutive week, pushing its holdings to 446,400 BTC, worth about $41.5 billion at current market prices.
Michael Saylor news
MicroStrategy submitted a proxy filing with the SEC seeking shareholder approval to boost its Bitcoin 21/21 Plan.
According to MicroStrategy co-founder Michael Saylor, the company currently holds 439,000 Bitcoin, valued at approximately $27 billion.
Michael Saylor’s MicroStrategy has added three new members to its board of directors, including former Binance.US CEO Brian Brooks, who was recently rumored as a contender for the SEC Chair position.
One Bitcoin developer argues that any change to Bitcoin’s fixed supply, while theoretically possible, wouldn’t be considered “Bitcoin” anymore.
Bitcoin prints a new all-time high above $107,700, while several analysts call for much higher prices in the short term.
MicroStrategy’s latest Bitcoin purchase brings its total BTC holdings to 439,000 BTC, bought at the aggregate purchase price of $27.1 billion.
Nasdaq has announced that Michael Saylor’s MicroStrategy will be added to the Nasdaq 100 index.
MicroStrategy’s Michael Saylor responded to MARA Holdings’ praise, suggesting the firm may be next among Bitcoin firms to join MicroStrategy on the Nasdaq 100.
On the yearly chart, Bitcoin rose 146% while MicroStrategy gained over 599% as more retail investment increased MicroStrategy’s volatility compared to BTC.