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    • There is increasing agreement on Wall Street that the “TACO” trade is overdone and that investors should proceed with caution.
    • Calvin Klein’s Bad Bunny was a success, but it wasn’t enough to protect their profit margin from tariffs.
    • According to the analyst, Dollar General is merely “scratching the surface” after its earnings. How Dolly Parton and DoorDash are assisting.
    • Elon Musk may have a long way to go before reviving the brand, as evidenced by the decline in Tesla sales in France.
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    • The Fed will lower interest rates this year, according to this market expert, but “they don’t know it yet.” Is he correct?
    • Trump’s tariffs are attempting to change one of the most significant businesses in America, as seen by this Honda facility in Indiana.
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    Home » MicroStrategy’s Bitcoin Buying Spree Continues: Acquires 12,000 BTC for $821.7 Million
    Companies

    MicroStrategy’s Bitcoin Buying Spree Continues: Acquires 12,000 BTC for $821.7 Million

    March 11, 2024No Comments
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    MicroStrategy Bitcoin Corporate Virtual Summit
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    MicroStrategy Inc. has reinforced its commitment to Bitcoin with another substantial purchase, acquiring 12,000 Bitcoin for $821.7 million. This marks the enterprise-software maker’s second-largest Bitcoin acquisition since it initiated its foray into the cryptocurrency almost four years ago.

    The latest addition propels MicroStrategy’s total Bitcoin holdings to approximately 205,000 tokens, surpassing a valuation of more than $14 billion. The acquisition took place from February 26 through March 10 and was funded primarily by the proceeds from the sale of $800 million in convertible notes through a private sale, successfully concluded on March 8, as per a filing with the US Securities and Exchange Commission (SEC).

    Michael Saylor, Chairman and Co-founder of MicroStrategy, initially embraced Bitcoin in 2020 as a hedge against inflation and an alternative to holding cash. The company has expended over $1 billion in Bitcoin within the first three months of 2024, surpassing more than half of its total buying in the previous year. Since Saylor’s pivot into Bitcoin, MicroStrategy’s share price has experienced a remarkable revival, soaring over 1,000%. The company’s market capitalization now stands at around $25.7 billion, surpassing its previous peak in March 2000. Notably, MicroStrategy reached a settlement with the SEC in December 2000 regarding accounting fraud allegations.

    The average price for the recent Bitcoin acquisition was $68,477, contributing to an overall average price of $33,706 for the entire holding, according to the SEC filing. Bitcoin achieved a record high of over $72,000 on Monday. Following this news, shares of MicroStrategy rose by 6.6% to $1,513.46 as of 9:33 a.m. in New York.

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    There is increasing agreement on Wall Street that the “TACO” trade is overdone and that investors should proceed with caution.

    June 5, 2025

    As markets adapted to the pattern of Trump delivering an ultimatum and then offering a…

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      There is increasing agreement on Wall Street that the "TACO" trade is overdone and that investors should proceed with caution.
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      Calvin Klein's Bad Bunny was a success, but it wasn't enough to protect their profit margin from tariffs.
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      According to the analyst, Dollar General is merely "scratching the surface" after its earnings. How Dolly Parton and DoorDash are assisting.

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