MicroStrategy and Its Founder to Pay $40 Million in Tax Fraud Lawsuit
Michael Saylor did not pay any income taxes to Washington despite living there from 2005 through 2020.
MicroStrategy
Ethereum ETF approval good for Bitcoin, Michael Saylor; Is Rebel Satoshi Arcade the next big thing?
The US SEC approved spot Ethereum ETFs on May 23rd, which is seen as a positive development for the crypto community. Michael Saylor believes that this approval could be particularly bullish for Bitcoin in terms of mainstream adoption. Rebel Satoshi Arcade, a new GameFi memecoin, is predicted to have a 65x jump after its market debut.
MicroStrategy leads crypto sector short losses with $2 bln hit since March
Short sellers betting against MicroStrategy have lost .92 billion since March due to a rally that has helped the stock outperform bitcoin.
Michael Saylor wants to raise $600M to buy more Bitcoin (BTC) as NuggetRush reaches new highs in funds raised
– MicroStrategy plans to sell 0 million in convertible senior notes to fund additional Bitcoin purchases and already owns 193,000 Bitcoin. Michael Saylor, the company’s executive chairman, believes Bitcoin is the world’s most popular investment asset.
– NuggetRush (NUGX) is a new GameFi project on the Ethereum blockchain, integrating crypto trading, artisanal mining, and play-to-earn mechanics. It aims to impact the physical world positively and has a defined roadmap for its 500 million tokens distribution.
Bitcoin tops $57,000 as big buyers circle
Bitcoin reached a two-year high due to signs of significant buying activity, with its price hitting ,036. Ether surpassed ,200 for the first time since 2022, reaching up to ,275. MicroStrategy disclosed a purchase of about 3,000 bitcoins for 5 million, contributing to the rally. The approval of bitcoin-owning exchange-traded funds (ETFs) in the United States and increased trading volumes in these funds also supported the price increase. Bitcoin has seen a 32% increase in value in February, aiming for its largest one-month gain since January 2023. The upcoming bitcoin halving event in April, which reduces the reward for mining new bitcoins, is also influencing the market. Reddit announced an investment in bitcoin, ether, and matic for virtual goods sales. Ether’s price has risen by 41% this month, with anticipation growing for the regulatory approval of spot ether ETFs.
MicroStrategy holds $8.8 bln Bitcoin, 10 times more than Tesla, Coinbase
MicroStrategy has the largest Bitcoin holdings among public companies, worth over .8 billion. This is 17 times more than Tesla and 21 times more than Coinbase. MicroStrategy has been investing in Bitcoin since 2021 and has doubled its investment in less than a year. Other major firms have also been buying Bitcoin, pushing their total holdings to impressive figures. Marathon Digital Holdings ranks second with 1.5 million in BTC holdings, while Tesla dropped to third place with 1.7 million. In total, 33 public companies have invested in Bitcoin, with a combined value of over billion. American and Canadian companies lead in BTC investments.