MicroStrategy
Argo Blockchain Shares Jump; FTX Users Sue for Priority Repayment and Damages in Bankruptcy Proceedings
Bitcoin miner Argo Blockchain will avoid filing for bankruptcy protection after Galaxy Digital agreed to buy its mining facility for $65 million and provided another $35 million loan. Plus, the latest on MicroStrategy's bitcoin bet. And, a group of FTX users are asking a U.S. court to make sure they are the first to get repaid in the crypto exchange's bankruptcy proceedings.
MicroStrategy Adds to Its Bitcoin Stockpile in Last 2 Months
MicroStrategy has added about 2,501 bitcoins to its holdings since Nov. 1, spending a net $44.6 million. The software company co-founded by crypto proponent Michael Saylor also sold a small amount of the largest cryptocurrency by market capitalization for the first time last Thursday. "The Hash" panel discusses the company's bets on bitcoin amid the ongoing crypto winter.
Bitcoin Price Tumbles; More Than 50% of Bitcoin Addresses Are Now in Loss
Valkyrie CIO Steven McClurg discusses his outlook for bitcoin (BTC) as it sinks below $16,000 and on-chain data shows most addresses holding BTC are losing money. Plus, reactions to Coinbase, MicroStrategy and other bonds tanking in the continued fallout of crypto exchange FTX.
Sources Say DeFiance Capital Founder Is Raising Money for New Fund; MicroStrategy’s Latest Job Listing
Arthur Cheong, founder of the DeFiance Capital crypto investment fund that was hit by Three Arrows Capital’s collapse this year, is raising money for a new fund, according to CoinDesk sources. Plus, MicroStrategy is looking to recruit a software engineer to build a Lightning Network-based software-as-a-service (SaaS) platform.
MicroStrategy Shares Fall After Bitcoin Purchase; Voyager Digital Seeks to ‘Unwind’ $200M Loan to Alameda Research
MicroStrategy (MSTR) shares are falling after the company bought 301 bitcoins (BTC) between Aug. 2 and Sept. 19 for about $6 million. Plus, bankrupt crypto lender Voyager Digital has asked a New York federal court for permission to “unwind” a $200 million loan it made to trading firm Alameda Research.
MicroStrategy Doubles Down on Bitcoin With Purchase of Additional 301 BTC
MicroStrategy (MSTR) bought 301 bitcoins (BTC) between Aug. 2 and Sept. 19 for about $6 million, according to a filing with the U.S. Securities and Exchange Commission. The recent purchases increased the company’s total bitcoin holdings to almost 130,000. “The Hash” panel breaks down the investment.
MicroStrategy's Michael Saylor Responds to Tax Fraud Allegations, 'Respectfully' Disagrees
The District of Columbia is suing MicroStrategy (MSTR) Executive Chairman Michael Saylor for allegedly avoiding paying more than $25 million in income taxes to the district in the more than 10 years he has lived there, Attorney General Karl A. Racine announced in a tweet on Wednesday. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De discusses the details, along with responses from MicroStrategy and Saylor.
DC AG Suing MicroStrategy's Michael Saylor for Alleged Tax Fraud; Bitcoin Mining Difficulty Increases
The District of Columbia is suing MicroStrategy (MSTR) founder and Executive Chairman Michael Saylor for allegedly never paying any income taxes in the district in the more than 10 years he has lived there, Attorney General Karl A. Racine announced in a tweet on Wednesday. Plus, the difficulty of mining a bitcoin (BTC) block increased by 9.26%.
Arca Exec on Why the September Merge Will Boost Ether Price
Arca's head of research Katie Talati shares her analysis of the upcoming Ethereum "merge" and why she believes it will boost the price of ether (ETH). Plus, her reactions to MicroStrategy CEO Michael Saylor's doubts on the ethics and technical development of Ethereum.