DeFi News Daily Official TheBitTimes.com

In two legal filings, MicroStrategy (now doing business as Strategy) has revealed that the company paused bitcoin (BTC) purchases last week. Moreover, it reminded common MSTR shareholders that they don’t have an ownership interest in any BTC the company holds. The Michael Saylor-founded company owned 528,185 BTC, acquired for an average price of $67,458, as of March 30. It still owned that exact amount yesterday. Strategy’s latest regulatory filing indicates that its so-called At The Market or “ATM” program paused entirely last week. The company sold zero shares of Class A common stock or Series A Perpetual Strike Preferred Stock last week. MicroStrategy bought 2.6% of circulating bitcoin at $67,458 apiece Read more: MicroStrategy invents a new way to dilute shareholders with STRK Further, multiple announcements by the company, which mirror disclaimers by other companies like Riot, disclaim that MSTR stock doesn’t confer any “ownership interest in the ...

Block Inc. (NYSE: SQ), Square’s and Cash App’s parent company, and valued at $44 billion has raised its earnings forecast for the year and unveiled significant plans to expand its Bitcoin (BTC) holdings. The announcement led to a 7.9% surge in Block’s shares in post-market trading. In a letter to share holders, CEO Jack Dorsey stressed the importance of an “open protocol for money“ aligning with broader movements towards cryptocurrency acceptance. “We believe the world needs an open protocol for money, one that’s not owned or controlled by any single entity,” Dorsey said in the note. Picks for you Shark Tank's Mark Cuban slams SEC: 'Trying to destroy crypto' 1 hour ago More Bitcoin bleeding ahead; BTC faces significant rejection as bears take control 1 hour ago Buy signal for two oversold cryptocurrencies this May 2 hours ago Britain’s gold sell-off in 1999 has cost the U.K. £21 billion 3 hours ago Thi...