MicroStrategy’s Bitcoin portfolio surpasses $20B, ROI now over 100%

November 11, 2024 Coin Telegraph

<div>MicroStrategy's Bitcoin portfolio surpasses B, ROI now over 100%</div>

The Bitcoin stacking firm has bought Bitcoin 42 times at a dollar cost average of $39,292, according to Bitcoin Treasuries data.

Business intelligence firm MicroStrategy’s Bitcoin stash has just crossed over $20 billion in value as Bitcoin rallied above $80,000.

MicroStrategy’s 252,200 Bitcoin (BTC) is now worth $20.54 billion — putting the company up over 104% on its Bitcoin investment strategy, according to “Saylor Tracker,” named after the firm’s executive chairman, Michael Saylor.

Source: Michael Saylor

Whales Dump Everything for iDEGEN’s Listing

MicroStrategy overtakes Microsoft in all-time stock gains as Bitcoin bet pays off

October 25, 2024 Coin Telegraph

Bitcoin Microsoft

MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.

MicroStrategy’s bet on Bitcoin is paying off handsomely as its stock soared more than 7% on Oct. 25, marking a new 25-year high at $236.

This was a continuation of a six-week rally for the world’s largest corporate Bitcoin holder, which has seen its share surpass Microsoft’s as the tech giant is set to vote on a proposal to publicly assess adding Bitcoin (BTC) to its balance sheet.

“MicroStrategy is soaring to a new all-time high!” observed crypto community Crypto Coin Coach in a post on X in response to the software company’s share price movement on Oct. 24.

Whales Dump Everything for iDEGEN’s Listing

MicroStrategy set for gains; ‘don’t fear the premium,’ analyst says

October 18, 2024 Coin Telegraph

Bitcoin Price

Benchmark analyst Mark Palmer has raised his price target for MSTR stock to $245 per share from $215.

MicroStrategy (MSTR) shares are set for further gains even though the stock already trades at a 2.3x premium to the net asset value (NAV) of the company’s Bitcoin (BTC) portfolio, according to an Oct. 18 analyst report shared with Cointelegraph.

The company’s stock, MSTR, could be worth $245 per share if MicroStrategy continues to leverage its balance sheet to buy more BTC and starts lending out the digital currency for low-risk yield, according to Benchmark fintech analyst Mark Palmer.

Shares of MSTR currently trade at around $206. Palmer raised his price target for MSTR from his previous estimate of $215.

Whales Dump Everything for iDEGEN’s Listing

Analysts Link Bitcoin Rally to Trump’s Election Odds – Microstrategy Gains Set Stage for a Breakout

October 16, 2024 Bitcoin.com

Analysts at global research and brokerage firm Bernstein say bitcoin’s surge is fueled by Donald Trump’s rising chances in the 2024 election. They point to Microstrategy’s stock, soaring 191% this year, as a key signal of a looming market breakout. With Trump leading in key swing states, his election odds are igniting a stronger crypto […]

Whales Dump Everything for iDEGEN’s Listing

Microstrategy’s Stock Surges 185% in 2024, Outpacing Bitcoin Holdings

October 9, 2024 Bitcoin.com

Bitcoin

On Tuesday, while bitcoin dipped more than 2% against the U.S. dollar, shares of the business intelligence firm Microstrategy soared over 6% from the day before. The company’s stock has outpaced bitcoin’s performance this year, climbing over 185% since January compared to bitcoin’s 47% increase. Microstrategy’s Stock Climbs 185% Year-to-Date, Other Firms Test the Holding […]

Whales Dump Everything for iDEGEN’s Listing

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 […]

Whales Dump Everything for iDEGEN’s Listing

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.

Whales Dump Everything for iDEGEN’s Listing

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.

Whales Dump Everything for iDEGEN’s Listing

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 […]

Whales Dump Everything for iDEGEN’s Listing

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.

MSTR

Share this video