NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: SOL Strategies: The First Solana Treasury Company Listed On Nasdaq

MicroStrategy’s Stock Continues to Soar After Bitcoin Purchase

Nick Chong
Nick Chong
1 year ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

On Tuesday, the NASDAQ-listed business services company MicroStrategy bought $175 million worth of Bitcoin. This came just weeks after the company siphoned $250 million into the leading cryptocurrency, citing its ability to act as a reserve asset better than U.S. dollars. At the time, company chief executive Michael J. Saylor said:

“This investment reflects our belief that Bitcoin, as the world’s most widely-adopted cryptocurrency, is a dependable store of value and an attractive investment asset with more long-term appreciation potential than holding cash.”

This was a stark reversal from Saylor’s previous sentiment about the leading cryptocurrency. The executive said over five years ago that he thought Bitcoin was on its way out.

Commenting on the latest purchase, Saylor said to crypto outlet CoinDesk that this was a concerted effort to make Bitcoin a reserve asset.

The market has rewarded MSTR’s purchase, despite them slightly being at a loss due to the purchase.

Related Reading: Kiss’ Gene Simmons Is Looking Into Bitcoin: Gone Mainstream

MicroStrategy Stock Continues to Rally After Bitcoin Purchase; Company Now 1/3 BTC

As of the time of this article’s writing, MicroStrategy’s shares listed on the NASDAQ are up 9% during Wednesday’s trading session. This comes after an 8% performance on Tuesday and a 50% surge in the span of a few months.

Analysts think that this surge is notable as it shows that the market is rewarding the move to Bitcoin, thereby pushing other companies to accept the cryptocurrency.

Jeff Dorman of Arca commented:

“Every other Corporate Finance team at public companies saw the 10% move higher in MicroStrategy’s stock price. […] The move in MicroStrategy’s stock upon announcement of a BTC ‘cash’ position will incentivize other CorpFin teams to consider this.”

Others echoed this sentiment, noting how the ongoing rally in the MicroStrategy stock will likely force other companies to jump in.

Related Reading: This European Crypto Exchange Was Just Hacked for $5 Million

Regulatory Pressure? 

While MicroStrategy’s move has been celebrated by many in crypto, there are some that worry some regulatory backlash may ensue.

Jake Chervinsky, general counsel at DeFi’s Compound, recently commented:

“No, there isn’t a loophole in the federal securities laws allowing a publicly traded company to convert itself into a bitcoin ETF without SEC approval. The more bitcoin $MSTR buys, the more likely the SEC is to start asking questions that  @Nasdaq doesn’t want to answer.”

No, there isn't a loophole in the federal securities laws allowing a publicly traded company to convert itself into a bitcoin ETF without SEC approval.

The more bitcoin $MSTR buys, the more likely the SEC is to start asking questions that @Nasdaq doesn't want to answer.

— Jake Chervinsky (@jchervinsky) September 15, 2020

He added that this may be seen as a move of MicroStrategy attempting to evade securities law rather than the company being prudent with a cash reserve.

Related Reading: Here’s Why This Crypto CEO Thinks BTC Soon Hits $15,000
Photo by Thomas Habr on Unsplash
Price tags: xbtusd, btcusd, btcusdt
Charts from TradingView.com
MicroStrategy's Stock Continues to Soar After Bitcoin Purchase
Tweet123Share196ShareSend
Nick Chong
Nick Chong

Nick Chong

I am a writer who has been following Bitcoin for years now. My insights and interviews have been featured in leading publications in the industry such as LongHash and Decrypt. I own a small amount of Bitcoin.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Bitcoin

Tom Lee Predicts $200K Bitcoin — Peter Schiff Isn’t Buying It

Peter Schiff has renewed his critique of Bitcoin as Tom Lee of Fundstrat pushes a headline-grabbing $200,000 price target for...

Christian Encila 2 hours ago
ethereum

Ethereum Marches Upward Without Leverage Overheating – Sign Of Structural Health?

As Ethereum (ETH) trades slightly above $4,300, some crypto analysts opine that the cryptocurrency’s current trend shows enough structural health....

Ash Tiwari 4 hours ago
Bitcoin

Bitcoin Bear Case Says Price Is Headed Below $100,000, But Bulls Still Have A Chance, Here’s How

Bitcoin’s price has spent the past week hovering within a tight band and bouncing between $108,000 and $112,000 without any...

Scott Matherson 5 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

Cardano

Cardano Pushes Past $0.85: Falling Wedge Breakout Confirmed?

Keshav Verma 6 minutes ago

Wall Street Pepe燃燒30億WEPE 青蛙的Solana接管計畫全力推進

estherw 6 minutes ago
Bitcoin

Bitcoin Finds Crucial Support On Bull Market Band — Will Momentum Hold

Godspower Owie 1 hour ago

Premium Sponsors

Press Releases

  • SNEYD

    SNEYD Mining will be the world’s first choice for...

    6 hours ago
  • Best Bitcoin

    Best Bitcoin Mixer Coinomize.is: Complete Privacy Solution...

    6 hours ago
  • miner

    Institutional capital pours into DOT Miners, pushing XRP...

    8 hours ago
  • 仮想通貨おすすめ:ビットコイン11万7,000ドル予測と3億ドル空売りリスク

    ...

    10 hours ago
  • ドージコイン 今後の課題:0.25ドル突破に苦戦、新しい仮想通貨に資金が流入する9月

    ドージコイン...

    10 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.