MicroStrategy chairman, Michael Saylor, was back in the news again recently after his company announced yet another massive Bitcoin acquisition. MicroStrategy bought 16,130 BTC worth $593.3 million at an average price of $36,785 per BTC. MicroStrategy currently owns a total of almost 214,400 bitcoins. They did this at a total...
Okay, let's get real. Maybe you’ve heard that Bitcoin mining is an environmental catastrophe. A power-guzzling, climate-wrecking monster spewing carbon into the atmosphere, you say? I get it. That’s the narrative we’ve been fed. What if I told you that narrative is… half-baked. Could Bitcoin mining, yes, Bitcoin mining, be...
The foundational Bitcoin narrative has always been one of decentralization, a digital revolt against concentrated power. If we can be frank, the truth has been a bit murkier. Miner’s greed drives this boom, targeting regions with the lowest energy costs and the least regulatory oversight. Yet these practices have frequently...
The cryptocurrency market saw a week of significant activity, including Michael Saylor's MicroStrategy increasing its Bitcoin holdings, former President Donald Trump intervening in crypto tax regulations, and extreme price volatility for some altcoins. A Pennsylvania man is headed to prison for hiding millions of dollars he earned selling Ethereum. At...
The U.S. Bitcoin mining industry is demonstrating resilience and potential for growth, navigating short-term economic pressures through supportive policy developments and technological advancements. Together, these legislative victories, smart energy policy, and a wave of new hardware are setting the industry up for sustainable success. The industry has been reeling from...
Michael Saylor’s recent $285 million Bitcoin purchase may have made many headlines, but that was no coincidence, it’s a high-stakes chess move. Is he really playing 4D chess while the rest of us are all still on checkers? Or is he without realizing it positioning himself—and MicroStrategy, and perhaps the...
This will undoubtedly be a transitory and fascinating period of evolution for the Bitcoin mining sector. Despite facing short-term economic pressures like fluctuating energy costs and regulatory uncertainties, several innovative business models and technological advancements are paving the way for future growth. These developments range from the increasing popularity of...
Just a few days ago, MicroStrategy’s Michael Saylor spent an additional $285 million on Bitcoin. Let’s face it, Joe Schmoe isn’t opening up his computer and going to the store and purchasing the Bitcoin equivalent of the GDP of a small country. So, what's the deal? Is he truly a...
