Microstrategy Stock MSTR Set to Surge by 64% on Bitcoin Investment Bet, Analysts Say

October 8, 2024 Bitcoin.com

Bernstein

Microstrategy’s stock is expected to soar by 64%, fueled by its bold bitcoin investment strategy, according to Bernstein analysts. Michael Saylor’s leadership and the company’s vast BTC holdings, valued at $16 billion, have played a pivotal role in its performance. However, challenges such as net losses and bitcoin volatility could complicate this forecast, despite a […]

Nigerian SEC tightens crypto marketing rules

Leveraged MicroStrategy ETFs break $400M as ‘hot sauce arms race’ heat up

September 27, 2024 Coin Telegraph

Leveraged MicroStrategy ETFs break 0M as ‘hot sauce arms race’ heat up

Bitcoin

The ETFs add leverage to MicroStrategy’s already levered-up Bitcoin strategy, and investors can’t seem to get enough.

Leveraged MicroStrategy (MSTR) exchange-traded funds (ETFs) broke $400 million in net assets this week as retail investors continue to pour into the ultra-volatile Bitcoin (BTC) plays, according to data from Bloomberg Intelligence.

Asset manager Defiance ETFs launched the first leveraged MSTR ETF in August. Competitors REX Shares and Tuttle Capital Management in September with an even more leveraged offering set off what Bloomberg ETF analyst Eric Balchunas has dubbed the “hot sauce arms race.”

Originally a business intelligence firm, MicroStrategy transformed into a de-facto cryptocurrency hedge fund in 2020 when founder Michael Saylor started using the company’s balance sheet to buy Bitcoin.

Nigerian SEC tightens crypto marketing rules

MicroStrategy announces third debt offering of 2024, plans to raise $700M

September 17, 2024 Coin Telegraph

MicroStrategy announces third debt offering of 2024, plans to raise 0M

Bitcoin

The proceeds will be used to pay off $500 million in existing debt and to purchase more Bitcoin. MicroStrategy currently holds 244,800 BTC.

Technology company MicroStrategy (Nasdaq: MSTR) has announced its third debt offering of 2024, aiming to raise $700 million by issuing convertible senior notes due in 2028.

MicroStrategy is raising money to pay off part of its existing debt. According to an announcement, the proceeds will be used to pay off $500 million in existing senior secured notes and to purchase more Bitcoin, with any remaining funds going to general corporate purposes. Refinancing is a common practice among companies. It involves replacing existing debt with new debt, often to take advantage of more favorable terms.

The notes will be unsecured and pay interest beginning in March 2025, said the company. The offering is available only to qualified institutional buyers.

Nigerian SEC tightens crypto marketing rules

Crypto-Related Stocks Slide Amid Global Market Turmoil

August 5, 2024 Bitcoin.com

bitcoin.com

U.S. equities have joined the global downturn, following sharp declines across Asia and Europe, with Japan’s Nikkei suffering significant losses. By 11:15 a.m. EDT on Monday, the five major U.S. stock indices had fallen between 2.5% and 4.5%. This market turmoil has extended to crypto-related stocks such as Microstrategy’s MSTR and Coinbase’s COIN. The primary […]

Nigerian SEC tightens crypto marketing rules

MicroStrategy’s Q2 earnings reveals Bitcoin stockpile now $14.7B

August 2, 2024 Coin Telegraph

MicroStrategy’s Q2 earnings reveals Bitcoin stockpile now .7B

Coin Telegraph

MicroStrategy shares jumped just 1% in after-hours trading, with the company posting a net loss of $123 million in the second quarter.

Business intelligence firm MicroStrategy purchased an additional 12,222 Bitcoin for $805 million in the second quarter of this year, bringing its total Bitcoin holdings to 226,500 BTC — worth $14.7 billion at current prices.

In its Q2 earnings call, MicroStrategy posted significant losses of $5.74 per share on a quarterly revenue of $111.4 million, a 7% decline year-over-year.

This came in way under analyst expectations which pegged a quarterly loss of $0.78 per share and $119.3 million in revenue, per Bloomberg survey data.

Nigerian SEC tightens crypto marketing rules

Microstrategy Announces 10-for-1 Stock Split to Make MSTR More Accessible to Investors

July 11, 2024 Bitcoin.com

Bitcoin

Microstrategy Inc. (Nasdaq: MSTR) announced a 10-for-1 stock split of its Class A and Class B common stock on Thursday, aiming to make its stock more accessible to investors and employees. This stock split will be executed via a stock dividend for shareholders of record as of Aug. 1. Each holder of Class A and […]

Nigerian SEC tightens crypto marketing rules

Microstrategy Increases Bitcoin Portfolio to 226,331 BTC After Latest Purchase

June 20, 2024 Bitcoin.com

Bitcoin

Nasdaq-listed Microstrategy has acquired 11,931 more bitcoins for $786 million, raising its total cryptocurrency holdings to 226,331 bitcoins, valued at $8.33 billion with an average purchase price of $36,798 per coin. The acquisition was funded through proceeds from a private offering of convertible senior notes that offer a 2.25% annual interest rate. MSTR Now Hodls […]

Nigerian SEC tightens crypto marketing rules

Crypto Market Downturn Hits Coinbase, Microstrategy, and Mining Stocks Hard

May 1, 2024 Bitcoin.com

bitcoin.com

During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in the same period, Marathon Digital Holdings’ shares have dropped more than 28% […]

Nigerian SEC tightens crypto marketing rules

Microstrategy Expands Bitcoin Holdings: Acquires 9,245 BTC After Successful Convertible Note Sale

March 19, 2024 Bitcoin.com

Bitcoin Companies

On Tuesday, the business intelligence firm Microstrategy announced it completed a $603.75 million offering of convertible senior notes due 2031. After the announcement, Microstrategy’s founder Michael Saylor announced the company acquired 9,245 bitcoin for $623 million using the proceeds and excess cash. Microstrategy Now Holds 214,246 Bitcoin After Microstrategy announced its convertible note sale, the […]

Nigerian SEC tightens crypto marketing rules

Microstrategy Boosts Bitcoin Holdings to 205,000 BTC After $800 Million Capital Raise

March 11, 2024 Bitcoin.com

Microstrategy Boosts Bitcoin Holdings to 205,000 BTC After 0 Million Capital Raise

Bitcoin Companies

Microstrategy has bought 12,000 more bitcoins after completing a $800 million convertible note offering. The Nasdaq-listed company now holds a total of 205,000 bitcoins, acquired for an average of $33,706 per coin. The note offering “was well received in the marketplace and upsized to a total of $800 million in aggregate principal amount,” the company […]

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