Software company turned glorified Bitcoin (BTC-USD) holding company MicroStrategy (NASDAQ:MSTR) is seeing some volatility today, with MSTR stock giving up a good chunk of yesterday’s gains. At the time of writing, the company’s stock price has dropped more than 7% on news that the company will be putting forward its second convertible note offering in the past 10 days, with the intention of buying more Bitcoin.MicroStrategy’s CEO, Michael Saylor, has been steadfast in his view that Bitcoin is the only reaso ...

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that it intends to offer, subject to market conditions and other factors, $500 million aggregate principal amount of convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). MicroStrategy also expects to grant to the initia ...

Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022.Saylor told CNBC's "Squawk Box" on Monday that bitcoin is going to "eat gold." And he said many more institutional investors are going to own the digital currency as it gets added to exchange-traded funds. Plus, Saylor is bullish on next month's halving process, which occurs every four years and slows the supply of coins, reducing the amount of selling.MicroStrategy, a company that develops ...

The surge in NVIDIA Corp (NASDAQ:NVDA, ETR:NVD) shares on the back of excitement around artificial intelligence (AI) has made it a move volatile investment than bitcoin. Generally, heavyweights of the S&P 500 would be expected to offer more stately progress than flighty small caps or highly unpredictable cryptocurrency.  Indeed, the volatility level of the as a whole index is low, and with Nvidia's valuation now topping US$2 trillion, making it the third-largest company on Wall Street, it might normally tho ...

MicroStrategy Inc (NASDAQ: MSTR) achieved worldwide recognition due to its former CEO, Michael Saylor, passionate support of Bitcoin (BTC), the leading cryptocurrency. Now, MSTR stock could be on the edge of a short squeeze following BTC’s action.The stock market has seen increased short interest in MicroStrategy stocks, with nearly 20% of all shares in short positions. According to Fintel on March 13, MSTR’s short interest rate is currently at 19.31%, with 2,887,416 shares.Interestingly, considering its da ...

The approval of nine spot Bitcoin (BTC) exchange-traded funds (ETFs) in the U.S. triggered a significant reaction among investors. Concerns quickly arose regarding the potential impact of these listings on stocks, particularly on Michael Saylor’s MicroStrategy (NASDAQ: MSTR). This worry was not unfounded, at least initially, as evidenced by a dramatic 20% drop in MicroStrategy’s stock value over a 48-hour period in January, indicating a mass sell-off by investors.However, the fears have since been proven un ...

MicroStrategy (NASDAQ:MSTR) bought more Bitcoin (BTC-USD), sending prices of the cryptocurrency over $72,000 and its own stock higher.The company used convertible debt to buy 12,000 Bitcoin. At the same time, short interest in MSTR stock has increased to over 20%, according to Fintel.The short-term impact is predictable. Both MicroStrategy and Bitcoin are up. MSTR stock gained 9.6% on March 8 and another 9.4% over the weekend. It opened this morning at $1,546 per share, a market capitalization of over $26 b ...

Follow Invezz on Telegram , Twitter , and Google News for instant updates >In a strategic financial maneuver, MicroStrategy® Incorporated (Nasdaq: MSTR), a global leader in business intelligence, announced the successful completion of its convertible senior notes offering on March 8, 2024.The offering, which amounted to an aggregate principal of $800 million, signifies a robust move to augment the company’s Bitcoin portfolio, reinforcing its confidence in the digital currency as a core asset. This private o ...

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that, on March 8, 2024, it completed its previously announced offering of 0.625% convertible senior notes due 2030 (the “notes”). The aggregate principal amount of the notes sold in the offering was $800 million, which includes $100 million aggregate principal amount of notes issued pursuant to an option to purchase, within a 13-day period beginning on, and including, the date on which the notes ...

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