This represents a gross margin of 81.7%, a boost from its gross margin of 78% in Q1 2020.
As part of MicroStrategy’s well-publicized bitcoin acquisition strategy, the company acquired 20,857 bitcoins during the first quarter of 2021.
Saylor elaborated, claiming that the company raised over $1 billion in additional capital during the first quarter.
According to a tweet from Saylor in which he shared the financial results, the company currently holds 91,579 BTC.
Saylor also highlighted successfully hosting ‘Bitcoin for Corporations’ during the first quarter on Feb.
Saylor concluded by remarking, “we will continue to acquire and hold additional bitcoin as we seek to create additional value for shareholders.” MicroStrategy first purchased bitcoin for $250 million on Aug.
India’s hapless situation has US senators urging the American government to act.
Bitcoin Has Become Mainstream – but Is Its Utility Future-Proof? After reaching a $1 trillion market cap and becoming integrated into the world’s payment processing flows such as PayPal and Square’s CashApp, it’s safe to say that Bitcoin has broken many barriers.
Tesla made up 9.7% of the Ark Innovation ETF as of Thursday, down from 10.9% a month ago, with a net sale of about 252,000 shares over that period, according to portfolio listings on the website of fund manager Ark Invest.
Sign up hereEconomic activity in India picked up speed last month, signaling it was well on the road to recovery before a new wave of coronavirus infections derailed progress.The needle on a dial measuring so-called animal spirits moved a notch higher for the first time in six months in March, based on the three-month weighted average numbers of eight high-frequency indicators tracked by Bloomberg News.While last month’s score — helped by faster exports and improved liquidity — cements a solid showing in the January to March quarter, fresh activity curbs amid the world’s worst Covid-19 outbreak in India merit a real-time reading of the economy using other indicators.A basket of of high-frequency, alternative and market indicators pointed to a sharp slump in services activity in the week to April 25, Abhishek Gupta, India economist at Bloomberg Economics, said in a note Wednesday.Here are the details of the animal-spirits dashboard:Business ActivityActivity in India’s dominant services sector moderated in March after expanding the previous month at its quickest pace in a year.
The move by the four regulators is part of widening efforts by Beijing to rein in the country’s massive internet “platform economy,” which includes an ongoing antitrust clampdown backed by President Xi Jinping.
retail sales posted the second-largest monthly advance on record last month as stimulus checks and a broader reopening of the economy fueled consumer spending.Meantime, a slew of factory surveys point to a rapidly improving manufacturing sector, including the Institute for Supply Management’s factory index which jumped to its highest level in 37 years in March.“We’ve seen very substantial progress in the vaccines in many places, we see economies reopening, we see how much pent-up demand there is,” Randy Frederick, vice president of trading and derivatives for Charles Schwab, said by phone.
for about $7.2 billion, its largest asset sale so far.The Chinese government wants to return HNA to its roots as an airline and hence plans to dispose of HNA’s non-aviation assets through a trust, Bloomberg News reported in January.HNA’s airline business is among China’s largest carrier groups, with stakes in Hainan Airlines Holding Co., Air Changan, low-cost carrier Beijing Capital Airlines Co., and Suparna Airlines, also known as Yangtze River Airlines Co., according to HNA’s website.
SEOUL -Stakes in Samsung Electronics and affiliates held by its late chairman were divided among his family and appear to bolster the control of his son and the company’s vice chairman, Jay Y.
“As vaccination campaigns progress and as lockdowns are set to soon be lifted in Europe and other recovering economies, the need for road and jet fuels will increase and the result will be felt.”The Energy Information Administration report also showed domestic crude inventories rose by 90,000 barrels last week, smaller than the 4.32 million barrel increase reported by the industry-funded American Petroleum Institute on Tuesday.
“It remains to been seen if there is enough momentum to drive gold through the top of the current range, but a strong close today is giving bulls some needed relief.”After a record-breaking rally last year, gold lost momentum the first three months of 2021 amid optimism on reopening economies and vaccine rollouts, which fueled advances in the dollar and bond yields and dented demand for bullion as a haven.Spot gold rose 0.3% to $1,781.28 an pounce at 3:30 p.m.