Gamestop is exploring whether to add Bitcoin to its balance sheet, according to a new report. The video game retailer, which became a viral sensation among retail traders in 2021, is considering whether to buy BTC and other unnamed altcoins, reports CNBC. Gamestop (GME) shares are up about 5.5% in the last week – rising […]
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Software development firm MicroStrategy (MSTR) is announcing a massive new stock offering to raise funds for accumulating more Bitcoin (BTC). In a new press release, the business intelligence company says it is setting the price of its perpetual strike preferred stock offering at $80 per share with the hopes of obtaining $563.4 million, some of […]
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Critics call it heedless; supporters say it’s brilliant. Either way, Michael Saylor continues doubling down on Bitcoin.
MicroStrategy co-founder Michael Saylor has adopted an aggressive Bitcoin acquisition strategy that onlookers say is either a visionary stroke of genius or a reckless gamble.
Those in the latter camp warn that MicroStrategy’s heavy reliance on a volatile asset like Bitcoin is fraught with risk. A significant drop in Bitcoin’s price could strain the company’s balance sheet and heighten financial pressures, potentially undermining its ability to meet debt obligations or raise additional funds.
Despite the risks, Saylor remains resolute. The American entrepreneur says he has “no reason to sell the winner.”
Microstrategy may have scooped up 2,138 BTC recently, but its stock price has been anything but steady. The company’s shares are now trading more than 36% below their record high. Microstrategy Doubles Down on Bitcoin, but Can It Weather a 36% Stock Drop? Since adopting its bitcoin (BTC) strategy in 2020, Microstrategy, led by founder […]
MicroStrategy slowed down Bitcoin buying last week, reporting the smallest BTC buy since July 2024.
Corporate Bitcoin investor MicroStrategy continued aggressive Bitcoin (BTC) buying last week in line with the founder’s pledge to keep accumulating the asset at peak prices.
MicroStrategy acquired 5,262 BTC in the period between Dec.16-Dec. 22, pouring roughly $561 million into the asset, the firm officially announced on Dec. 23.
In its latest Bitcoin purchase, MicroStrategy bought the cryptocurrency at an average price of roughly $106,662, the highest cost the firm has ever paid per BTC.
Microstrategy’s bitcoin-focused strategy has ignited a staggering 500% stock surge, with projections of bitcoin hitting $13 million, solidifying its dominance in high-stakes investing. 500% Stock Gains, $13M Bitcoin Projection: Microstrategy’s Wild Ride Microstrategy (Nasdaq: MSTR) Executive Chairman Michael Saylor shared a chart illustrating the performance of Microstrategy’s stock against other major investments on Thursday. Since […]
Bloomberg Intelligence expects MicroStrategy’s stock, MSTR, to join the Nasdaq 100 index later in December, with an announcement to come as soon as this week.
MicroStrategy (MSTR) is expected to join the Nasdaq 100 stock index on Dec. 23, with an announcement coming as soon as this week, according to a post on the X platform by Bloomberg Intelligence analyst Eric Balchunas.
The placement will rank MicroStrategy, a software company that became a de facto Bitcoin (BTC) hedge fund in 2020, among the Nasdaq stock exchange’s 100 largest stocks by market capitalization.
It will also expose MSTR to hundreds of billions of dollars in institutional capital flows tracking the widely-followed index.
MicroStrategy saw more trading volumes than the US spot Bitcoin ETFs combined as its shares tanked over 25% on Nov. 21.
Trading volumes for the “Bitcoin Industrial Complex” — the United States spot Bitcoin exchange-traded funds (ETFs) and stocks like MicroStrategy (MSTR) and Coinbase (COIN) has hit a new record high — reaching 70 billion on Nov. 21 as Bitcoin rallied above $98,300.
It smashed the previous record of $55 billion set the day before when MSTR was the second most-traded stock in the US, according to Bloomberg ETF analyst Eric Balchunas, citing data from Bloomberg Intelligence.
”BITSANITY,” Balchunas said of the eye-popping figures.
MSTR also accounted for the bulk of the day’s trading volume as its shares tanked over 25% from its highest point of $536.7 to $397.28 when the closing bell rang on Nov. 21.
Source: Eric Balchunas
The record was set as Bitcoin rallied 5% to notch a new all-time high of $98,311, CoinGecko data shows.
Bitcoin has slightly retraced to $98,075 but is less than 2% from breaching the $100,000 milestone.
Related: A perfect storm is brewing for Bitcoin
It comes as the US spot Bitcoin ETFs surpassed $100 billion worth of assets on Nov. 21.
MicroStrategy offers leveraged Bitcoin exposure, amplifying risk but potentially offering higher returns with repurchasing options.
MicroStrategy’s aggressive Bitcoin (BTC) acquisition strategy has captivated investors, but is it sustainable? With plans to raise $42 billion in three years, the company is taking bold steps to finance its Bitcoin buying spree.
For retail investors, the question isn’t just whether MicroStrategy’s moves are driving Bitcoin above $100,000—it’s whether this approach is stable or setting the stage for a bubble.
MicroStrategy’s “21/21 Plan” outlines a massive capital raise, split evenly between equity sales and fixed-income securities. Recently, it raised $4.6 billion by selling 13.6 million shares, alongside a $2.6 billion convertible bond issuance. Together, these raised enough to buy 78,890 Bitcoin ($6.62 billion), underscoring the company’s commitment to its strategy.
SolFi is a spinoff of the crypto investment platform focused exclusively on Solana, DeFi Technologies said.
DeFi Technologies, a cryptocurrency investing platform, has created a new company called SolFi designed to be a “Microstrategy for Solana” (SOL), according to a Nov. 12 announcement.
SolFi is a spin-off of DeFi Technologies focused entirely on “providing investors with direct exposure to the Solana blockchain ecosystem through proprietary trading, validator node operations, and ecosystem investments,” DeFi Technologies said.
SolFi will compete with existing SOL staking platforms and aims to differentiate itself by earning higher yields on staked SOL than peers, DeFi Technologies said.
