MicroStrategy now holds more Bitcoin than Mt. Gox’s balance

What is CryptoSlate Alpha? CryptoSlate Alpha is a membership designed to empower you with cutting-edge insights and knowledge, built on top of Access Protocol. More about CryptoSlate Alpha › Connected to Alpha Welcome! 👋 You are connected to CryptoSlate Alpha. To manage your wallet connection, click the button below. You Need More ACS It looks…

Group One purchases 13.5% of MicroStrategy’s share

Options market maker Group One purchased 13.5% of MicroStrategy’s share, according to a Jan. 10 SEC filing. The trading firm holds roughly 1.3 million shares of MicroStrategy. The filing did not state the amount the shares were purchased. Following the news, the Michael Saylor-led firm shares rose 8.57% to $190 as of press time. MicroStrategy’s share…

MicroStrategy just bought another 2,500 BTC

Business Intelligence firm MicroStrategy has purchased an additional 2,395 BTC between Nov. 1 and Dec. 21. Michael Saylor, the founder and CEO of MicroStrategy, announced the company’s purchase on Twitter for the second time this quarter. According to the company’s 8K filing with the SEC, the Bitcoins were purchased for approximately $42.8 million in cash…

MicroStrategy buys additional 301 Bitcoin for $6M

Business intelligence firm MicroStrategy bought 301 Bitcoins for $6 million at an average price of $19,851 per BTC, according to a Sept. 20 filing. According to the filing, it made this purchase between Aug. 2 and Sept. 19. MicroStrategy now holds approximately 130,000 BTC purchased for roughly $3.8 billion. Based on its recent purchase, MicroStrategy…

Debate rages over whether Ethereum can be considered a security post-Merge

Less than 24 hours after Ethereum (ETH) completed its transition to proof-of-stake, the crypto community is enmeshed in arguments about whether the asset can now be considered a security or not. SEC chairman statement The Wall Street Journal reported that US Securities and Exchange Commission (SEC) chairman Gary Gensler said cryptocurrencies that allow staking could…

Crypto whale alleged to be Saylor sent over 200K BTC to exchanges in July

A Bitcoin (BTC) whale sent over 200,000 BTC to Coinbase between July 18 and July 21, according to a tweet from CryptoVinco on Sept. 5. One of the biggest #Bitcoin whales with over 200K+ $BTC sent ALL of their coins to exchanges. I’m 99% certain this is Michael Saylor’s Bitcoin address, and they’re planning to…

Michael Saylor, MicroStrategy getting sued for tax fraud in Washington

Washington DC Attorney General Karl Racine has revealed that the state is suing Michael Saylor and his company MicroStrategy for tax fraud. NEW: Today, we’re suing Michael Saylor – a billionaire tech executive who has lived in the District for more than a decade but has never paid any DC income taxes – for tax…

MicroStrategy records $918M impairment loss in Q2, Saylor moves to new Chairman role

MicroStrategy recorded an impairment charge of $918 million on its Bitcoin (BTC) holdings in the second quarter, according to its earnings report released on August 2. The report also revealed that the company will create a new role of executive chairman, which Michael Saylor will fill. Meanwhile, Phong Le, the company’s president and chief financial officer,…

Ethereum Merge will not reduce gas fees, DeFi researcher says

DeFi trader Vivek Raman, in a Twitter thread, has argued that Ethereum’s (ETH) anticipated Merge would not bring down the network fees as expected by many. The Ethereum Merge is one of the most powerful catalysts in crypto history, and it is quickly approaching As we reach the endgame for ETH under the proof of…