Tag Archives: purchase

Microstrategy Bitcoin gambling loss increases to $1.5B, shares fall after $6M BTC purchase

MicroStrategy was the headline story Tuesday when it announced that it had acquired an additional 319 bitcoins in a sharp price decline, unaffected by ongoing market turmoil. According to a U.S. Securities and Exchange Commission filing, the software company that Michael Saylor founded spent $6 million to buy it. This makes it the largest crypto-related […]