Mining Council: We Must Counter ‘Misinformation’ About Bitcoin’s Environmental Damage
MicroStrategy CEO Michael Saylor said the problem isn't bitcoiners but those negative headlines about mining.
The Virginia-based company now holds more than 105,000 bitcoins.
The council's survey focused on the crypto mining industry's electricity consumption and sustainable power mix.
Michael Saylor defended his company’s debt-fueled, bitcoin buying spree over the last year by saying it continued to be a great investment.
With the price of BTC just north of $29,000, it's little more than $3,000 a coin above the average price of $26,080 that CEO Saylor shelled out.
The business-intelligence software company said that as of June 21 it holds more than 105,000 bitcoins.
Publicly traded business intelligence firm MicroStrategy (NASDAQ: MSTR) said it intends to offer $400 million senior secured notes to raise funds to purchase more bitcoin even as the bitcoin it already has will likely result in a massive impairment. In fact, the added purchase of bitcoin would seem to be a doubling down of sorts, […]
The Bitcoin Mining Council hopes to “manage concerns, especially from uninformed parties” about the cryptocurrency’s energy usage, Microstrategy CEO and bitcoin evangelist Michael Saylor said.