Tron's MicroStrategy Play: Is the TRX Bet Worth the Risk?

Tron's MicroStrategy Play: Is the TRX Bet Worth the Risk?

Key Points in This Article: Tron (TRON) is a decentralized blockchain for dApps and content sharing, with a $210 million TRX treasury strategy via a reverse merger with SRM Entertainment and rebranding.  Its stock soared 2,600% in three months, but TRX’s modest gains and regulatory risks highlight volatility and uncertainty. Investors should avoid buying due to TRX’s low liquidity, circular valuation risks, and paused SEC scrutiny. Nvidia ma…

MicroStrategy Bolsters Its Bitcoin War Chest

Fitting, given its recent name change, Strategy — the Michael Saylor company formerly known as MicroStrategy — is thinking really, really big when it comes to Bitcoin. On Monday, the company, a self-styled business intelligence and cloud-based services firm, announced that it had purchased 6,220 Bitcoin worth $739.8 million last week. That adds to an already massive stockpile. Massive enough, in fact, that the company now owns roughly 3% of all …

Michael Saylor’s Strategy Owns 3% of Bitcoin in Circulation After Latest Purchase

Michael Saylor’s Strategy now owns more than 3% of all the Bitcoin ever minted following the crypto treasury company’s latest purchase of the original cryptocurrency.

MicroStrategy Purchases $740 Million in Bitcoin

MicroStrategy Purchases $740 Million in Bitcoin Last week, MicroStrategy purchased an additional 6,220 BTC for $739.8 million.

Michael Saylor Adds Another 6,220 BTC to Strategy's Stash - 99Bitcoins

Michael Saylor’s Strategy (MicroStrategy) just scooped up another 6,220 Bitcoin between the 14th of July and the 20th of July, spending a whopping $740 million. This mega-buy happened as Bitcoin cooled off slightly from its $123k all-time high. With this latest purchase, Strategy now holds a staggering 607,770 BTC, which accounts for 3.05% of all circulating BTC ▼-0.06% worth nearly $72 billion. Fueled by equity and debt, Saylor’s conviction is …

Strategy Boosts Bitcoin Holdings With Latest $739.8 Million BTC Purchase

The company bought Bitcoin at an average price of $118,940 per coin last week.