Tether’s plan to blow billions in ‘profits’ on BTC questioned
Tether announced that starting this month, it would “regularly allocate up to 15% of its net realized operating profits towards purchasing” BTC.
Latest Michael Saylor News
BRC-20 and Bitcoin NFTs—A new era for Bitcoin?
Thanks to the smart folks who created the Ordinals, the BTC network exploded with activity recently, but sadly the network performance slowed to a halt, forcing even Binance to halt withdrawals.
Michael Saylor voices support for Ordinals on BTC
Michael Saylor believes Ordinals will open the floodgates for the development of many applications on the BTC base layer, but this is proving to be too difficult with the current state of the protocol.
Craig Wright on a killing spree against ‘crypto’ in recent podcast
Dr. Craig Wright was a guest on the Alfie Whattam Podcast not to convince listeners that he is the true inventor of Bitcoin but to tell his story and why he's going after big 'crypto' names.
MicroStrategy turns rare profit, may dump BTC to pay long-term debt
MicroStrategy announced that it generated revenue of $121.9 million in the first three months of 2023, a 2.2% rise from the same period last year, but the company booked an operating loss of $20.3 million.
Block pins net losses on BTC’s fading consumer demand
Block's gross profits rose 38% to $1.57 billion, but expenses rose by nearly one-half, resulting in a net loss of $18.7 million, significantly worse than the $3 million loss in Q3 2021.
MicroStrategy’s Saylor struck by Lightning, and possibly a blunt object
MicroStrategy's three-month revenue suffered a 2.1% slump from last year as the BTC token, which founder Michael Saylor heavily bet on, found itself in the doldrums following an epic 'crypto' crash.
Block plots BTC mining, integrates Lightning, abets Blockstream
According to reports on October 25, Block had tapped Perry Hothi, former chief technology officer for Argo Blockchain PLC, to help spur Block’s BTC mining ambitions.
Michael Saylor, MicroStrategy sued for tax fraud by D.C. Attorney General
District of Columbia Attorney General Karl A. Racine announced that his office was suing the MicroStrategy founder over allegedly having “lived in the District for more than a decade but has never paid any D.C. income taxes.”
The government is finally cracking down on ‘crypto’: Joshua Henslee summarizes the market
BSV thought leader Joshua Henslee paints a picture of utter carnage in the digital currency industry with the recent crackdowns on popular exchanges, lending platforms, and other companies.
Michael Saylor and Craig Wright agree on Bitcoin
MicroStrategy's Michael Saylor recently said that Bitcoin should not be changed—which is fascinating since usually, BTC maximalists tend to be open to disfiguring the protocol as they please.
MicroStrategy posts $1 billion loss in Q2 on bad BTC bet
MicroStrategy also announced that Michael Saylor is giving up his CEO position to take up a new role as Executive Chairman while retaining his status as Chairman of the Board.