Latest news with #TysonsCorner
Yahoo
3 days ago
- Business
- Yahoo
Michael Saylor's Latest Bitcoin Buy Is Strategy's Smallest in Months
Bitcoin treasury company Strategy announced another crypto buy on Monday, bringing the behemoth's total holdings to 628,946 BTC—or over $75.5 billion in digital coins at the current price. The Tysons Corner, Virginia-based firm announced that over the last week it bought 155 BTC for $18 million—a relatively small buy compared to previous purchases. The company has spent over $2 billion on Bitcoin in some past buys, including its last purchase on July 29, when it acquired 21,021 BTC at a price of nearly $2.5 billion. But the latest purchase, announced on the five-year anniversary of the company's first Bitcoin buy, was the smallest since March, when the company spent just $10.7 million on the asset. That purchase remains its lowest so far in 2025. Strategy—formerly MicroStrategy—started buying Bitcoin in August 2020 as a way to get better returns for its shareholders as inflation rocked the U.S. and world economies during the COVID-19 pandemic. It is now the largest corporate holder of the asset and mostly works now to securitize Bitcoin: Its business model works so that investors can buy its shares to get exposure to the leading cryptocurrency. The company issues debt to fund its purchases, and since Strategy first bought Bitcoin exactly five years ago, its stock (Nasdaq: MSTR) has rocketed up by over 2,700%. MSTR was recently trading at $411 per share, while Bitcoin hit a price of $120,095 per coin on Monday morning New York time, according to CoinGecko data. Bitcoin Price Closes in on All-Time High as Traders Await Key Inflation Data The largest cryptocurrency by market cap is up 27% year-to-date. Its all-time high stands at $122,838. MSTR's record stock price stands at nearly $499 per share, from last November. A number of smaller publicly traded companies have adopted the Bitcoin treasury plan. But some experts have warned that the crypto play can't help every company, and is inherently risky. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
06-08-2025
- Entertainment
- Yahoo
Join EWTN for a Free Family Celebration in Tysons Corner, Virginia
IRONDALE, Ala., Aug. 6, 2025 /PRNewswire/ -- (EWTN) – Mark your calendars for an unforgettable day of faith, inspiration, and family fun at the EWTN Family Celebration on Saturday, August 30, 2025, at Capital One Hall in Tysons Corner, Virginia. This free event is your chance to connect with the EWTN community, hear from beloved hosts and inspirational speakers, participate in sacred moments of worship, and enjoy activities for all ages. Reserve your spot today at and join us for a day filled with fun, fellowship, and spiritual renewal! A Day of Inspiration and Faith "A highlight of the day will undoubtedly be the Papal Roundtable, which will reunite EWTN's conclave team to discuss the interregnum, conclave, and election of Pope Leo XIV, as well as what we can expect from the first American Pontiff," said EWTN Chairman & CEO Michael P. Warsaw. "Rome-based EWTN Vatican Correspondent Colm Flynn will host our panel, including Montse Alvarado, President of EWTN News; Dr. Matthew Bunson, author of the first book on the new American Pope; Msgr. Roger Landry, National Director of the Pontifical Mission Societies in the U.S., and Paola Flynn, Vatican correspondent for EWTN Noticias, EWTN's Spanish-language news program." In addition, you'll be inspired by talks from dynamic speakers such as Dr. Ray Guarendi, host of The Doctor Is In, who will offer practical wisdom for Catholic families; and Catherine Hadro, host of EWTN News In Depth, who will discuss how to integrate your faith with your life and work. Michael P. Warsaw, EWTN Chairman and CEO, will welcome attendees and lead the much-loved family talk with Fr. Joseph Mary Wolfe, M.F.V.A., and the Franciscan Missionaries of the Eternal Word. All of these events will be broadcast on EWTN the following weekend ( so check in to relive the fun and to see if EWTN's cameras caught you and your family enjoying the day as part of the live studio audience! Fun for the Whole Family Speaking of family, the EWTN Kids Booth will offer engaging and fun-filled activities to help children learn about their faith. At the same time, adults can meet EWTN's bestselling authors at the Meet the Author booth, connect with EWTN hosts and friars at the Family Corner, and pick up Holy Reminders from EWTN Religious Catalogue to keep the faith alive in your home. Sacraments and Devotions for All In addition to all of the above, you'll have opportunities for Confession and Adoration of the Blessed Sacrament. The highlight of the event will be Holy Mass at 5 p.m., celebrated by Bishop Michael F. Burbidge, of the Diocese of Arlington, assisted by the Franciscan Missionaries of the Eternal Word. You can also join the friars in praying the Rosary at 4:30 p.m. Event Schedule Here's a look at what you can look forward to on Aug. 30 at Capital One Hall (schedule subject to change): 8:00 a.m. – Doors Open/Registration 9:30 a.m. – Opening Prayer and Welcome by Michael P. Warsaw, EWTN Chairman and CEO 9:45 a.m. – Address by Dr. Ray Guarendi, Host of The Doctor Is In 10:30 a.m. – Address by Catherine Hadro, Host of EWTN News In Depth 11:30 a.m. – Lunch Break (on your own) 1:30 p.m. – Family Talk with Michael P. Warsaw, Fr. Joseph Mary Wolfe, M.F.V.A., and the Franciscan Missionaries of the Eternal Word 3:00 p.m. – Special Roundtable on Pope Leo XIV, hosted by Colm Flynn with Montse Alvarado, Monsignor Roger Landry, Dr. Matthew Bunson, and Paola Flynn 4:30 p.m. – Pray the Rosary with the Franciscan Missionaries of the Eternal Word 5:00 p.m. – Holy Mass with Bishop Michael F. Burbidge and the Franciscan Missionaries of the Eternal Word Don't Miss Out! The EWTN Family Celebration offers a unique opportunity to grow in faith, connect with the Catholic community, and create lasting memories with your family. Admission is free, but we anticipate space will be limited, so reserve your spot today at Whether you're joining us for the inspiring talks, sacred liturgy, or family-friendly activities, this is an event you won't want to miss. We look forward to celebrating with you at Capital One Hall in Tysons Corner, Virginia! ABOUT EWTN and EWTN NEWSIn its 45th year, EWTN is the largest Catholic media organization in the world. EWTN's 11 global TV channels and numerous regional channels are broadcast in multiple languages 24 hours a day, seven days a week to over 435 million television households in more than 160 countries and territories. EWTN platforms also include radio services transmitted through SIRIUS/XM, iHeart Radio, and over 600 domestic and international AM & FM radio affiliates; a worldwide shortwave radio service; numerous digital and social media platforms including one of the most visited Catholic websites in the U.S.; as well as EWTN Publishing, its book publishing division. Headquartered in Washington, D.C., EWTN News operates multiple global news services, including Catholic News Agency, "The National Catholic Register" newspaper and digital platform, ACI Prensa in Spanish, ACI Digital in Portuguese, ACI Stampa in Italian, ACI Africa in English, French and Portuguese, ACI MENA in Arabic, CNA Deutsch in German and ChurchPop, a digital platform that creates content in several languages. It also produces numerous television news programs including EWTN News Nightly, EWTN Noticias, EWTN News In Depth, EWTN Pro-Life Weekly, The World Over, and Vaticano. View original content to download multimedia: SOURCE EWTN Global Catholic Network Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Strategy Reports $10 Billion Q2 Profit, Plans to Raise $4.2 Billion to Buy More Bitcoin
Strategy, formerly known as MicroStrategy, reported a record profit of $10 billion on Thursday after its Bitcoin holdings rebounded in value during the second quarter. The Tysons Corner, Virginia-based firm, which holds more Bitcoin than any other publicly traded company, disclosed $114.5 million in second-quarter revenue, a 3% increase compared to a year ago, according to a company blog post. The profit was anticipated, given that Bitcoin's falling price in the first quarter resulted in a $5.9 billion loss for the Bitcoin treasury company. The asset's price dipped as low as $77,000 in Q1 before soaring as high as $111,000 in Q2, according to crypto data provider CoinGecko. In a Securities and Exchange Commission filing submitted on Thursday, Strategy also said that it would raise $4.2 billion through its STRC offering. Strategy introduced the perpetual preferred stock ten days ago. On Thursday, Strategy co-founder and Executive Chairman Michael Saylor acknowledged regulatory tailwinds as a driver for cryptocurrencies broadly. He pointed to a sprawling crypto report from the White House this week as a major positive. "Yesterday, the White House released crypto policy report. It's about 150 pages long. I did a scan," he said. "The takeaway is that this administration is going to be very enthusiastic in its support of the entire crypto industry and the Bitcoin ecosystem." Since the company began accumulating Bitcoin in 2020, the firm, which has pivoted away from software development, has built up a stockpile of 628,800 Bitcoin worth $74 billion. At the end of the second quarter, Strategy held 597,000 Bitcoin, growing its Bitcoin stash by nearly 20% quarter-over-quarter, from 499,000 Bitcoin, according to Bitcoin Treasuries. A wave of crypto treasury firms have debuted this year, but Strategy pioneered the playbook, issuing shares to capture a premium that its stock trades at relative to its crypto holdings and issuing corporate debt to purchase more Bitcoin than it could otherwise. This year, the company has issued several types of preferred stock to fund Bitcoin purchases. And on Tuesday, Strategy said that it had purchased around 21,000 Bitcoin after raising $2.5 billion through STRC, the latest in its series of perpetual preferred offerings. In the blog post, Strategy said that it will no longer issue common stock when its shares trade at less than a 2.5x premium to its Bitcoin holdings, unless those funds are used to pay interest on its debut obligations of fund dividends for preferred shareholders. In after-hours trading, the company's shares rose 1.5% to $408. Tether Reports Q2 Profit of $4.9 Billion, CEO Teases U.S. Venture Bitcoin's price has advanced 11% over the past month to $118,000 after setting a record high of $122,838 in July, according to crypto markets data provider CoinGecko. Strategy's shares, however, have edged down 0.6% over the same period, after jumping as high as $543 last year, as of Thursday's market close, according to Yahoo Finance. The company said in October that it would raise $42 billion to purchase Bitcoin through equity and fixed income sales over the next three years. By the end of the first quarter, it had already issued a maximum of $21 billion in common stock approved under the plan. Strategy subsequently unveiled a plan to issue $21 billion more in common stock. (UPDATE July 31, 2025, 4:34 p.m. ET): Updates headline and adds paragraph about $4.2 billion raise. (UPDATE July 31, 2025, 5:33 p.m. ET): Adds Saylor comment and information about issuance of common stock. Sign in to access your portfolio
Yahoo
21-07-2025
- Business
- Yahoo
Michael Saylor's Strategy Owns 3% of Bitcoin in Circulation After Latest Purchase
(Bloomberg) -- 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. Why the Federal Reserve's Building Renovation Costs $2.5 Billion Milan Corruption Probe Casts Shadow Over Property Boom How San Jose's Mayor Is Working to Build an AI Capital Salt Lake City Turns Winter Olympic Bid Into Statewide Bond Boom The former MicroStrategy Inc. acquired 6,220 Bitcoin for $739.8 million during the seven days ended July 20, according to a filing Monday with the US Securities and Exchange Commission. This raised the Tysons Corner, Virginia-based firm's holdings to 607,770 Bitcoin — which is about 3.05% of the roughly 19.9 million token issued. The stack is worth about $72 billion. Strategy has been using a combination of common and preferred shares, as well as debt, to fund Bitcoin purchases since it began accumulating the cryptocurrency in late 2020 as a hedge against inflation. Dozens of companies have begun to emulate the practice. Strategy is the world's leading corporate owner of Bitcoin. BlackRock's iShares Bitcoin Trust ETF (IBIT) holds about $86 billion in assets. While some other tokens' unlimited supply has concerned investors, Bitcoin's store of value proposition has been buoyed by the 21 million limit on the number of tokens to be mined. Instructions in the network's original code have further helped to promote the scarcity value of the token — like quadrennial halving events that automatically slash the amount of token rewards miners earn. The last Bitcoin is expected to be issued in the year 2140. Strategy said separately Monday that it planned to offer 5 million of variable rate Series A perpetual Stretch preferred stock to help finance additional Bitcoin purchases. It is the fourth series of preferred shares by the company. The common shares of Strategy has surged more than 3,500% since Saylor - a founder and executive chairman of the company - began buying Bitcoin. The cryptocurrency has risen about 1,100% during the same period, while S&P 500 has increased around 120%. (Updates with preferred stock sale plans in the fifth paragraph.) Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border Thailand's Changing Cannabis Rules Leave Farmers in a Tough Spot How Starbucks' CEO Plans to Tame the Rush-Hour Free-for-All What the Tough Job Market for New College Grads Says About the Economy ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-07-2025
- Business
- Yahoo
Michael Saylor's Strategy owns 3% of Bitcoin in circulation after latest purchase
(Bloomberg) — Michael Saylor's Strategy (MSTR) now owns more than 3% of all the Bitcoin (BTC-USD) ever minted following the crypto treasury company's latest purchase of the original cryptocurrency. The former MicroStrategy Inc. acquired 6,220 Bitcoin for $739.8 million during the seven days ended July 20, according to a filing Monday with the US Securities and Exchange Commission. This raised the Tysons Corner, Virginia-based firm's holdings to 607,770 Bitcoin — which is about 3.05% of the roughly 19.9 million token issued. The stack is worth about $72 billion. Strategy has been using a combination of common and preferred shares, as well as debt, to fund Bitcoin purchases since it began accumulating the cryptocurrency in late 2020 as a hedge against inflation. Dozens of companies have begun to emulate the practice. Strategy is the world's leading corporate owner of Bitcoin. BlackRock's iShares Bitcoin Trust ETF (IBIT) holds about $86 billion in assets. While some other tokens' unlimited supply has concerned investors, Bitcoin's store of value proposition has been buoyed by the 21 million limit on the number of tokens to be mined. Instructions in the network's original code have further helped to promote the scarcity value of the token — like quadrennial halving events that automatically slash the amount of token rewards miners earn. The last Bitcoin is expected to be issued in the year 2140. Shares of Strategy has surged more than 3,500% since Saylor - a founder and executive chairman of the company - began buying Bitcoin. The cryptocurrency has risen about 1,100% during the same period, while S&P 500 has increased around 120%. ©2025 Bloomberg L.P. Sign in to access your portfolio
