Michael Saylor, MicroStrategy's executive chairman, says the company's new digital credit product "Stretch" strips away volatility and risk from Bitcoin. He tells Romaine Bostick and Katie Greifeld on The Close that MicroStrategy has launched four credit instruments this year worth $4 billion, with more to come. ...

Core Insights - Strategy's shares have increased by approximately 5% following a recent at-the-money offering, raising $128.1 million and acquiring 196 Bitcoin for about $22.1 million at an average price of $113,048 per Bitcoin [1] - As of September 28th, the company holds around 640 Bitcoin with an average purchase price of $73,983 [1][6] - The company has demonstrated significant long-term growth, with a 2300% gain from a low point of 1326 to its current level [4] Company Performance - Strategy has outperformed other companies in the crypto sector, such as Coinbase, Riot, and Marathon, over a three-year period [5] - The company's Bitcoin holdings are valued at approximately $69.5 billion, although critics argue that these gains are not liquid and could lead to market instability if cashed out [5][6] Technical Analysis - The current chart indicates a bullish pattern, with a falling wedge shape suggesting potential for a breakout [8] - Key resistance levels are identified at 358 and 400, with significant trading activity around the 330 level [9][10] - The expected price movement for October 17th is projected to be ±12.6% within 18 days, indicating potential volatility [12] Options Activity - A total of 383,000 options were traded, with two-thirds being calls, although current activity is below the five-day moving average [13] - Notable trades included large positions in October 3rd calls with a total debit of $24.7 million, indicating significant short-term trading interest [14][15]

Digital Assets & Investment - Digital Credit is presented as a new and promising asset class, facilitated by Bitcoin's role as Digital Capital [1] - MicroStrategy ($MSTR) is highlighted as a leader in this space, particularly with securities like $STRC, which is analogized to "jet fuel distilled from a barrel of crude oil" [1]

🗞️ MicroStrategy bought another 196 Bitcoin for $22.1M, bringing their total holdings to over 640,000 BTC.🗞️ Peter Schiff is challenging Michael Saylor's Bitcoin strategy, arguing that gold's market depth offers more liquidity to large holders.🗞️ New stablecoin issuers may challenge Tether and Circle by funneling yield from U.S. Treasuries directly back to users.@JennSanasie hosts "CoinDesk Daily."Thank you to @MidnightNtwrk 👋 for being a sponsor of the CoinDesk media network. ...

.@Strategy notched its third smallest Bitcoin acquisition of the year on Monday, disclosing that it only bought $22 million worth of the asset. https://t.co/bhw9QLhOOM ...

Strategy (MSTR), the world’s largest corporate Bitcoin holder, has added to its massive reserves despite BTC’s brief drop to $108,000. The company announced the purchase of 196 BTC for roughly $22.1 million at an average price of $113,048 per coin, bringing its total holdings to 640,031 BTC, worth about $47.35 billion at an average cost of $73,983 per BTC. A smaller but strategic addition The acquisition, funded through common stock issued under an at-the-market (ATM) program and perpetual preferred sto ...

Strategy Inc. (NASDAQ: MSTR) has bought 196 Bitcoin (CRYPTO: BTC) for $22.1 million, lifting its total holdings to 640,031 BTC, according to an SEC filing on Monday. ATM Equity Sales Fund Fresh Bitcoin Buys The company disclosed Monday it funded the Bitcoin purchase through its at-the-market equity programs. Between Sept. 22 and Sept. 28, it sold preferred and common shares totaling $128.1 million in proceeds, with part allocated to Bitcoin acquisitions. The latest buy lifts Strategy's aggregate Bitcoin ...

Group 1 - Strategy Inc. raised $128.1 million through its at-the-market programs from September 22 to 28, deploying only $22.1 million to acquire 196 BTC, indicating a focus on preferred stock dividends due on September 30 [1][2][3] - The company sold 101,713 shares of its 10.00% Series A perpetual "STRF" preferred stock, 5,000 shares of its 10.00% Series A perpetual "STRD" preferred stock, and 347,352 shares of common stock, generating net proceeds of $11.3 million, $0.4 million, and $116.4 million respectively [2] - Strategy's total bitcoin holdings reached 640,031 BTC as of September 28, with an average acquisition cost of $113,048 per BTC for the recent purchase [1][3] Group 2 - The company has significant ATM shelf capacity, with available issuance authorization totaling $46.4 billion across its preferred and common stock programs [3] - At the time of publication, the stock price of MSTR increased by 3.9% from the previous day's close [4]

are you buying? #BitcoinWhalesWhale Insider (@WhaleInsider):JUST IN: Michael Saylor’s ‘Strategy’ buys another 196 $BTC worth $21.9 million. https://t.co/wBAfPe12U6 ...

🔥 JUST IN: Strategy acquires 196 Bitcoin worth $22.1M, now holds 640,031 $BTC. https://t.co/7ja6XWLdoL ...