MicroStrategy, the world’s largest corporate Bitcoin holder, has unveiled MicroStrategy Orange, a decentralized identity protocol built on the Bitcoin blockchain. Announced at the Bitcoin for Conference by the company’s CEO Michael Saylor on Wednesday, the platform aims to provide secure, tamper-proof digital identities without relying on additional blockchain layers, processing thousands of identifiers within a […]
MicroStrategy (NASDAQ: MSTR) had the misfortune to report its latest set of earnings at a time when its most important asset was on the decline. MicroStrategy is a niche tech company that has almost entirely transformed itself into basically an institutional Bitcoin (CRYPTO: BTC) holder. It published first-quarter results at a time when the cryptocurrency […]
Image source: The Motley Fool. MicroStrategy (NASDAQ: MSTR)Q1 2024 Earnings CallApr 29, 2024, 5:00 p.m. ET Contents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: Shirish Jajodia Hello, everyone, and good afternoon. I am Shirish Jajodia, vice president of investor relations and treasury at MicroStrategy I’ll be your moderator for MicroStrategy’s 2024 first quarter […]
MicroStrategy (MSTR) reported a net operating loss of $53.1 million, or $3.09 per share, in the first quarter after taking a digital asset impairment charge of $191.6 million, according to a Monday afternoon press release. While some had expected the company might adopt the new digital asset fair value accounting standard, and thus report a […]
MicroStrategy could boost earnings by over $3 billion if it chooses to adopt new standards, the report said. Benchmark said if the company reports positive earnings it meets the final condition for S&P 500 inclusion. This would boost MicroStrategy’s valuation as index funds would be forced to buy the stock, the broker said. MicroStrategy (MSTR) […]
(Bloomberg) — Crypto investor MicroStrategy Inc. is caught in a bind, as Bitcoin’s recent rally has lifted not only its shares, but also its convertible bonds. With the cost of refinancing up by 280%, investors are bracing for the firm to convert the bonds into stock instead. Most Read from Bloomberg MicroStrategy’s $650 million convertible […]
MicroStrategy price target raised to $1,875 from $990 at Benchmark. The software company is well positioned to benefit from the upcoming bitcoin halving, the report said. The broker raised its bitcoin 2025 year-end price forecast to $150,000. MicroStrategy (MSTR) is particularly well positioned to benefit from the bitcoin {{BTC}} halving set to occur around April […]
(Bloomberg) — MicroStrategy Inc.’s 150% surge — driven by a big bet on Bitcoin — has the scope to climb even further as the cryptocurrency soars, according to analysts at BTIG. Most Read from Bloomberg Analyst Andrew Harte boosted his price target to $1,800 Friday, implying the shares could advance at least another 10% from […]
The shorts are coming for MicroStrategy (NASDAQ: MSTR), and investors reacted accordingly on Thursday — well, at least one short seller, which made no bones about what it currently thinks of the tech company-turned-Bitcoin (CRYPTO: BTC) accumulator. As a result, MicroStrategy’s share price fell at a double-digit rate, closing more than 11% lower. Short the […]
Kerrisdale Capital is short MicroStrategy stock and long bitcoin. The stock’s relative attractiveness doesn’t justify paying more than double for the same coin, Kerrisdale said. MicroStrategy is no longer a unique way to gain access to bitcoin, it said. MicroStrategy’s (MSTR) shares fell as much as 14% on Thursday after a prominent short seller, Kerrisdale […]
With the recent news that the fast-casual restaurant chain Chipotle Mexican Grill plans a 50-for-1 stock split, many investors might wonder which publicly traded company could be next. MicroStrategy (NASDAQ: MSTR), an enterprise software company that shifted its focus to buying and holding Bitcoin (CRYPTO: BTC) in 2020, could benefit from a split since its […]
MicroStrategy (MSTR) and Coinbase (COIN) have the most possibility of a short squeeze – or a rally spurred by short sellers getting out of their bearish bets – S3 Partners said in a report. The total short interest in crypto stocks is $10.7 billion, with MicroStrategy and Coinbase making up 84% of these bearish bets, […]