Nick Chong

On Monday, American business services company MicroStrategy announced its intent to raise $400 million in a private offering of convertible senior notes, the proceeds of which it would potentially use to buy bitcoin. While many scoffed at the deal that earned the company a stock downgrade from Citibank, a few

As first noted by Grayscale Director Phil Bonello, MassMutual recently purchased $100 million worth of bitcoin. Assuming it bought the cryptocurrency at its current price of $18,150, that would mean the insurance company purchased 5,510 BTC. MassMutual, also known as the Massachusetts Mutual Life Insurance Company, is a

Up until recently, Wall Street investor Ray Dalio had been known as a Bitcoin skeptic. That appears to be changing. Dalio is the co-CIO of one of the world's largest investment funds, Bridgewater Associates. He is personally valued at $16.9 billion, according to Forbes.  In a Reddit

According to a press release, MicroStrategy is looking to raise $400 million in a private offering of convertible senior notes. Michael Saylor, CEO of the business analytics company, confirmed the raise in a tweet published on Monday afternoon.  This offering would allow the company to purchase more bitcoin, adding to

On the afternoon of December 4th, MicroStrategy CEO Michael Saylor announced that his company had purchased another $50 million worth of bitcoin, detailing that the company acquired 2,574 coins at an average price of $19,427 each. Bitcoin's current value sits at $19,000 as per Tradingview.

According to Vimal Gor, head of bond, income, and defensive strategies of Australian investment manager Pendal Group, the asset manager now has "active positions in bitcoin futures."  Speaking to the Australian Financial Review, Gor said that the best way to play cryptocurrencies right now is Bitcoin. And at

The past few weeks and months have been marked by a strong increase in the regulation of Bitcoin and other cryptocurrencies. Global regulators cracked down on exchanges while agencies like the Department of Justice released reports highlighting the risk of crime enabled by cryptocurrencies. On Wednesday, Coinbase CEO Brian Armstrong

MicroStrategy shocked the world in August when it announced it would deploy $250 million from its balance sheet to buy bitcoin. The move represented the first time a publicly-traded corporation had bought bitcoin for investment purposes. MSTR, the company's stock, immediately rallied following the announcement as the market