Acurx Pharmaceuticals to add up to $1 million in bitcoin for treasury reserve, following MicroStrategy's playbook
The board of Acurx Pharmaceuticals has approved the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset.
MicroStrategy Keeps Fueling Bitcoin Buying With New $2.6 Billion Debt Deal
MicroStrategy increased its convertible-bond offering to $2.6 billion from $1.75 billion. That means more buying of bitcoin by the world's largest corporate holder of the crypto.
MicroStrategy Market Value Tops $100 Billion as Bitcoin Hits New High
Shares of the bitcoin holder are up 11.2% Tuesday to $427.96, continuing its rally with the stock nearly doubling since the Nov. 5 election.
MicroStrategy has taken ‘next big step' in ‘audacious' bitcoin acquisition strategy, says analyst
MicroStrategy Inc.'s move to ramp up its bitcoin acquisition effort bodes well for the software company and cryptocurrency play, says analyst firm Benchmark.
Bitcoin nearing all-time highs as Microstrategy buys record stake
Bitcoin is currently less than two percentage points away from reclaiming last week's all-time high of $93,265. At the time of writing, the BTC/USD pair was swapping for $91,700 following a 1.4% morning advance.
MicroStrategy Could Be A Multi-Trillion Dollar Company
MicroStrategy is effectively Bitcoin's only investment bank. MSTR's unique strategy involves issuing securities backed by BTC, creating significant value through a spread between BTC's CAGR and fiat cost of capital. Its BTC purchases are best thought of as revenue, and its rock bottom costs of capital are best thought of as costs of revenue.
Watch These MicroStrategy Levels as Stock Soars to Record High After Bitcoin Purchase
MicroStrategy (MSTR) shares could remain in focus on Tuesday after soaring to a new record high following news the software analytics company had purchased an additional $4.6 billion of Bitcoin (BTC).
MicroStrategy stock surges on its $4.6 billion Bitcoin buy
MicroStrategy shares are surging on the software company and cryptocurrency play's $4.6 billion bitcoin buy.
MicroStrategy Funds Record Bitcoin Buy by Selling Richly Valued Stock
MicroStrategy, the world's largest corporate holder of bitcoin, issued $4.6 billion of shares in the past week, and used proceeds to buy a like amount of the cryptocurrency.
Is It Too Late to Buy MicroStrategy Stock?
Is It Too Late to Buy MicroStrategy Stock?
42 Billion Reasons Investors Should Be Extra Careful With MicroStrategy Stock
Even if you're bullish on Bitcoin, there may not be a compelling reason to invest in MicroStrategy today.
We're going to see a lot more pro-Bitcoin policies, says MicroStrategy's Michael Saylor
Michael Saylor, MicroStrategy CEO, joins 'Closing Bell: Overtime' to discuss the crypto rally, on the next SEC Chair and crypto outlook.
