The meteoric rise of Bitcoin (CRYPTO: BTC) could be far from over, according to Michael Saylor, the executive chairman and co-founder of MicroStrategy (NASDAQ: MSTR). At the Bitcoin Prague event in June, Saylor predicted that Bitcoin could eventually hit a value of $8 million per coin. Given Bitcoin’s current price of roughly $60,000, that would […]
T-Rex Group has filed for new ETFs that take a leveraged long or short position in Microstrategy (MSTR). MSTR is known for its volatility given its heavy exposure to bitcoin. T-Rex Group, the exchange-traded funds (ETFs) issuer, has filed for an ETF that will take a 2x long position in bitcoin {{BTC}}-heavy Microstrategy (MSTR). According […]
(Bloomberg) — MicroStrategy Inc. bought approximately $786 million in Bitcoin with the proceeds raised from the sale of convertible notes. Most Read from Bloomberg The company acquired 11,931 Bitcoin between April 27 and June 19, according to a filing Thursday with the US Securities and Exchange Commission. The purchases raised its overall holdings to 226,331 […]
MicroStrategy (MSTR) is selling convertible — now raising its projected sale to $700 million worth of notes — to fund the purchase of more bitcoin (BTC-USD). The Market Domination team analyzes MicroStrategy’s stock price in relation to the value of its own bitcoin holdings. For more expert insight and the latest market action, click here […]
The bitcoin price could hit $1 million by 2033 and is likely to reach a $200,000 cycle-high by 2025. MicroStrategy initiated as outperform with a $2,890 price target at Bernstein. The software company’s long-term convertible debt strategy means it has time to benefit from bitcoin upside with limited liquidation risk to the crypto on its […]
MicroStrategy has announced its intention to sell US$500 million in convertible bonds, specifically to finance the purchase of more Bitcoin. The firm, which currently possesses 214,400 BTC valued at roughly US$14.52 billion, holds over 1% of Bitcoin’s total circulating supply. The bonds, set to mature in 2032, are targeted at qualified institutional buyers, featuring an […]
MicroStrategy proposes $500 million debt sale to boost BTC stash. The Nasdaq-listed firm currently holds 214,400 BTC. Nasdaq-listed business intelligence firm and bitcoin holder MicroStrategy (MSTR) announced Thursday that it intends to offer $500 million aggregate principal amount of convertible senior notes due 2032, proceeds of which will be used to acquire additional bitcoin and […]
MicroStrategy Short Sellers Waver as Stock Price Soars MicroStrategy currently has $6.9 billion in major short positions, with 18 of these listed on Fintel’s “The Big Shorts” list, which tracks the largest short positions disclosed to the SEC. The largest individual short position stands at approximately $2.4 billion, making it the 27th largest net short […]
The Russell 1000 Index, a stock market index that tracks the highest-ranking 1,000 stocks in the Russell 3000 Index, is set to welcome 38 new members. Among the companies making the move from the Russell 2000 Index, which tracks smaller companies, are notable names such as Super Micro Computer (NASDAQ:SMCI), MicroStrategy, and Carvana. These additions […]
(Bloomberg) — MicroStrategy Inc., a company best-known for accumulating a roughly $13 billion hoard of Bitcoin, will be included in a key global equity index following a rally in the firm’s shares that outpaced the digital asset. Most Read from Bloomberg The Tysons Corner, Virginia-based enterprise software maker is one of the three largest additions […]
Bitcoin’s price may soar this month and so, too, might the shares of MicroStrategy, which owns billions of dollars worth of BTC, a TD Cowen analyst said. MicroStrategy is poised to be “meaningfully higher” at the end of the year, Lance Vitanza said. Bitcoin {{BTC}} has significant upside potential this month thanks to two big […]
MicroStrategy Orange will provide “trustless, tamper-proof and long-lived” decentralized identities using the Bitcoin blockchain, founder Michael Saylor said. The company pitched itself as a “bitcoin development company” earlier this year, saying it would work on development of the Bitcoin network through financial markets, advocacy and innovation. MicroStrategy (MSTR), the largest corporate holder of bitcoin, unveiled […]