MicroStrategy buys more than $1 billion worth of bitcoin, adding to massive holdings

MicroStrategy announced Wednesday it bought just over $1 billion worth of additional bitcoin, just days after finalizing another sale of convertible debt. The Virginia-based enterprise software company said it paid an average price of $52,765 per bitcoin, including fees and other expenses. Its acquisition of approximately 19,452 bitcoins puts MicroStrategy’s total holdings of the digital … Read more

Bitcoin bounces back, surging above $50,000 after more buying from Square

Bitcoin virtual crypto currency price is displayed on a phone screen in this photo. STR | NurPhoto | Getty Images Bitcoin’s price roared back Wednesday after a sharp sell-off, climbing above $50,000 again as Square announced it had purchased $170 million worth of the cryptocurrency. At 4 a.m. ET, the world’s most valuable digital coin … Read more

Shaktikanta Das | cryptocurrency: RBI governor Shaktikanta Das voices ‘major concerns’ about cryptocurrency

The Reserve Bank of India is concerned that cryptocurrencies may impact financial stability in Asia’s third-largest economy, a view that could shape looming regulations on the asset that is breaking price-records around the world. The monetary authority has conveyed these “major concerns” to the government, Governor Shaktikanta Das said in an interview to CNBC TV-18 … Read more

MicroStrategy CEO says bitcoin will one day have $100 trillion market value even as price dives

MicroStrategy CEO Michael Saylor told CNBC on Tuesday he believes bitcoin will continue appreciating in value to the point where the cryptocurrency becomes a “stabilizing influence” for the entire global financial system. He predicted, in a bold call, that bitcoin’s market value would be worth $100 trillion one day. Saylor’s comments on “Squawk Box” came … Read more

Bitcoin tanks 10% after Elon Musk says prices seem high

Bitcoin soared on Tuesday to an all-time high reaching the $50,000 milestone at $50.602. Alain Pitton | NurPhoto | Getty Images Bitcoin slid Monday, pausing its stunning rally after Elon Musk said prices “seem high.” The world’s most valuable cryptocurrency sank over 10% to a price of $51,993 Monday morning, according to data from Coin … Read more

‘The best time to invest in bitcoin was yesterday,’ says strategist as the cryptocurrency soars

The reflection of bitcoins in a computer hard drive. Thomas Trutschel | Photothek via Getty Images As bitcoin continues on its upward trek in 2021, one analyst says the regulatory concerns surrounding the cryptocurrency won’t likely derail its momentum. “The regulatory issues have been around for a long time, we’ve been dispelling them for a … Read more

Ark Invest’s Cathie Wood on bitcoin ETF prospects and Tesla’s billion-dollar investment

Bitcoin’s long-term outlook is brightening, according to Ark Invest’s Cathie Wood. The CEO and chief investment officer of the explosively popular active management firm told CNBC this week that the cryptocurrency’s catalysts are adding up as it soars to unprecedented new highs. “I think the probability of an ETF has gone up,” Wood told CNBC’s … Read more

Bitcoin hits $1 trillion in market value as cryptocurrency surge continues

Yuriko Nakao | Getty Images The price of bitcoin crossed another major milestone on Friday, as the cryptocurrency’s market value surpassed $1 trillion, according to Coindesk. The digital currency was trading at just under $54,000 per coin on Friday as it hit the new level, up more than 3% in the last 24 hours. The … Read more

Elon Musk says bitcoin is slightly better than holding cash

Tesla Inc CEO Elon Musk on Thursday said that owning bitcoin was only a little better than holding conventional cash, but that the slight difference made it a better asset to hold. “However, when fiat currency has negative real interest, only a fool wouldn’t look elsewhere,” Musk said in a tweet. “Bitcoin is almost as … Read more