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Nick Chong

Nick is a writer and analyst who has been following Bitcoin since 2013. When he is not writing, he works on HTC's Bitcoin phone, EXODUS.

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Nick Chong's Work 99 Articles
News   -   Feb 20, 2021 Elon Musk Fires Back Against Comment From Bitcoin Bear Peter Schiff
Elon Musk Fires Back Against Comment From Bitcoin Bear Peter Schiff

For years, Peter Schiff, an economist and investor, has been an ardent critic of Bitcoin. Despite the recent wave of adoption Bitcoin experienced at the hand of institutional investors, Schiff is still very much against Bitcoin. Responding to a comment from Tesla CEO Elon Musk who this week wrote on

by Nick Chong
News   -   Feb 20, 2021 MicroStrategy Completes $1.05B Offering to Buy More Bitcoin
MicroStrategy Completes $1.05B Offering to Buy More Bitcoin

MicroStrategy stunned the Bitcoin space early last week when it revealed it would be raising $600 million in a new offering of convertible senior notes. The business strategies firm said it wanted to use the proceeds of the sale to purchase additional bitcoin. This announcement in itself came as a

by Nick Chong
News   -   Feb 19, 2021 Elon Musk on Bitcoin Involvement: "Only a Fool Wouldn't Look Elsewhere" Than Cash
Elon Musk on Bitcoin Involvement: "Only a Fool Wouldn't Look Elsewhere" Than Cash

Tesla was revealed to have acquired $1.5 billion worth of bitcoin, as reported by the BTC Times in January. According to SEC filings, the firm acquired $1.5 billion worth of bitcoin with cash from its balance sheet. The firm wrote that they wanted "more flexibility to further

by Nick Chong
News   -   Feb 19, 2021 3 Reasons Why The Motley Fool Is Buying $5M Worth of Bitcoin
3 Reasons Why The Motley Fool Is Buying $5M Worth of Bitcoin

Popular finance news and information site The Motley Fool has become the latest firm to allocate capital to Bitcoin. Of note, the company is a private firm, unlike other institutional Bitcoin players such as MicroStrategy. In a Twitter thread, the firm wrote that they will be buying $5 million worth

by Nick Chong
News   -   Feb 17, 2021 MicroStrategy Upgrades Note Offering to $900M as Bitcoin Soars
MicroStrategy Upgrades Note Offering to $900M as Bitcoin Soars

On Tuesday, MicroStrategy revealed its intent to raise $600 million through a new offering of convertible senior notes to buy more bitcoin.  Just one day later, the firm is already upsizing the size of the round to $900 million. In an announcement early Wednesday morning, the business services company wrote

by Nick Chong
News   -   Feb 13, 2021 Twitter CEO Jack Dorsey and Jay-Z Announce Bitcoin Development Fund
Twitter CEO Jack Dorsey and Jay-Z Announce Bitcoin Development Fund

According to a tweet from Jack Dorsey published on Friday, the Twitter CEO and artist Jay-Z will be giving 500 bitcoin to an endowment to fund Bitcoin development. 500 bitcoin is currently worth around $24 million, according to BTCTimes Bitcoin pricing data.  The fund, called Btrust, will be focused on

by Nick Chong
News   -   Feb 12, 2021 BNY Mellon Reveals Plans to Enter the Bitcoin Space
BNY Mellon Reveals Plans to Enter the Bitcoin Space

One of the world's largest banks, Bank of New York Mellon Corporation (BNY Mellon), is entering the cryptocurrency space as a growing number of Wall Street institutions signals its interest in Bitcoin.  According to The Wall Street Journal, the firm said on Thursday that it will custody bitcoin

by Nick Chong
News   -   Feb 08, 2021 Tesla Buys $1.5B Worth of Bitcoin
Tesla Buys $1.5B Worth of Bitcoin

The bitcoin price is surging higher today as Tesla, the world-famous electric vehicle manufacturer, has moved $1.5 billion from its cash position to bitcoin. According to SEC filings, the firm is buying bitcoin to provide "more flexibility to further diversify and maximize returns on our cash.” It was

by Nick Chong
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