microstrategy

Octagon Networks has converted its entire balance sheet into bitcoin and will begin accepting payments in BTC for all services.

Shares of GBTC are trading below prices seen during the 2017 bull run and markets are repricing the level of risk of holding MicroStrategy equity.

MicroStrategy’s newest CFO confirmed the company will not be selling its bitcoin and has not received pressure from stakeholders to sell in a recent interview.

Michael Saylor said that in addition to 115,109 BTC, MicroStrategy could pledge ‘some other collateral’ if needed.

Michael Saylor’s company faced unrealized losses for the first time on Monday as bitcoin dipped below its average purchase price.

Fidelity Investments has created a 401(k) allowing individuals to invest in bitcoin and MicroStrategy will be the first publicly traded employer to offer it.

Leveraging assets held in the legacy financial system in order to purchase bitcoin may be a strategy for investors with a certain risk profile.

MacroStrategy, subsidiary of MicroStrategy, closed on a $205 million loan through Silvergate Bank, collateralized by bitcoin in order to purchase more bitcoin.

The chief executives discussed on Tuesday how the open and transparent Bitcoin network could be leveraged to help people and businesses worldwide.

The world’s largest corporate bitcoin holder now owns over 125,000 bitcoin, bought at an average price of $30,200 each.