Core Viewpoint - Bitcoin concept stocks have seen a short-term rise as Bitcoin approaches $90,000, with a nearly 3% increase in the last 24 hours, while Ethereum nears $3,000, rising nearly 2% in the same period [1] Company Performance - Strategy (MSTR.US) has increased by over 1.2% [1] - Coinbase (COIN.US) has risen by more than 1.5% [1] - Bitmine Immersion Technologies (BMNR.US) has gained over 1% [1] - SharpLink Gaming (SBET.US) has seen an increase of more than 2% [1]

RT Rachel (@yieldandgrace)Still ₿ullish.@saylor $MSTR $BTC https://t.co/fWGE6MMAYV ...

Core Viewpoint - Michael Saylor believes that quantum computing will enhance Bitcoin's resilience rather than weaken it, suggesting that the network will undergo a quantum resistance upgrade [1][2]. Group 1: Quantum Computing and Bitcoin - Saylor argues that quantum computing will not break Bitcoin but will instead "harden" it, leading to increased security and a decrease in supply, which will ultimately strengthen Bitcoin [2]. - Bitcoin security expert Jameson Lopp supports the idea of freezing unclaimed BTC after a quantum upgrade, noting that approximately 4 million BTC, or nearly 25% of the total supply, have had their public addresses exposed [3]. Group 2: Industry Perspectives - Grayscale's report indicates that quantum computing is unlikely to significantly impact cryptocurrency valuations in the short term, despite potential long-term risks to blockchain cryptography [5]. - Saylor has previously downplayed the quantum threat, asserting that major companies would not sell quantum computers capable of breaking cryptography, as it would jeopardize their own business [4]. Group 3: Market Activity - As of the latest data, Bitcoin (BTC) is trading at $86,845.44, reflecting a 0.41% increase in the last 24 hours, while Strategy Inc. shares experienced a slight decline in after-hours trading [6].

Core Viewpoint - MicroStrategy's recent Bitcoin purchase has faced scrutiny due to the timing, as Bitcoin's value dropped significantly shortly after the acquisition, leading to a sharp decline in MicroStrategy's stock price [1][3][6]. Group 1: Purchase Details - On December 14, MicroStrategy announced the acquisition of 10,645 BTC for approximately $980.3 million, at an average price of $92,098 per coin [2]. - Currently, MicroStrategy holds a total of 671,268 BTC, acquired for about $50.33 billion at an average price of $74,972 per coin [4]. Group 2: Market Reaction - Over the past five trading days, MicroStrategy's stock fell more than 25%, underperforming Bitcoin itself, which has also seen a decline [1][3]. - The company's market NAV (mNAV) is around 1.11, indicating that the stock trades only about 11% above the value of its Bitcoin holdings, a significant compression from previous levels [5]. Group 3: Investor Sentiment - Investors are not questioning MicroStrategy's long-term Bitcoin strategy but are concerned about the timing and risk management of the recent purchase [6][9]. - Critics argue that MicroStrategy should have waited for clearer macroeconomic signals before making the purchase, as the market had been anticipating a rate hike from the Bank of Japan [7]. Group 4: Strategic Perspective - From a long-term strategy perspective, MicroStrategy does not aim to time market bottoms but focuses on accumulating Bitcoin over time [8][9]. - CEO Michael Saylor emphasizes that owning more Bitcoin is more critical than the precision of entry points, suggesting that the real risk lies in future market conditions rather than the purchase itself [9].

Market Overview - Bitcoin has experienced a significant decline from approximately $125,000 to a low of $87,256 due to macroeconomic factors, risk-off sentiment, profit-taking, and fears surrounding a non-existent AI bubble [2] - Related stocks, such as Strategy (NASDAQ: MSTR), have also suffered, dropping from $360 to a low of $162 [4] Company Performance: Strategy (MSTR) - MSTR shares have shown signs of recovery, gaining about $5.23 in response to Bitcoin's recent uptick of approximately $817 [4] - MSTR has made a strategic move by purchasing an additional $980 million worth of Bitcoin during the recent pullback, indicating confidence in Bitcoin's future performance [4] - Bernstein analysts have set a price target of $450 for MSTR and reiterated an outperform rating, citing concerns about the company as overblown due to its over-collateralized balance sheet and 21 months of cash reserves [5] Company Performance: Coinbase Global (COIN) - Coinbase Global (NASDAQ: COIN) has also benefited from Bitcoin's rebound, with shares rising by about $4 [8] - Ark Invest, led by Cathie Wood, has purchased an additional $16.26 million worth of COIN stock, which is expected to attract more investor interest [8] - In its third quarter, COIN reported an EPS of $1.44, beating estimates by 27 cents, and revenue of $1.87 billion, reflecting a year-over-year increase of 54.5% [10]

Core Viewpoint - The MSTR stock price is experiencing a downward trend due to a significant decline in Bitcoin and other cryptocurrencies, with a notable drop of 8.15% on Monday, reaching a low of $162, which is slightly above the year-to-date low [1] Company Summary - MSTR stock price fell by 8.15% on Monday, indicating a strong correlation with the performance of Bitcoin and other cryptocurrencies [1] - The stock reached a low of $162, which is marginally above its year-to-date low, suggesting ongoing volatility in the market [1] Industry Summary - The cryptocurrency market is facing a downturn, impacting related stocks such as MSTR, highlighting the interconnectedness of cryptocurrency prices and stock performance [1] - The decline in Bitcoin and other coins is a significant factor contributing to the downward trend in MSTR stock [1]

Core Viewpoint - Bitcoin-related stocks experienced a strong rebound, with Bitcoin itself surpassing $87,000, reflecting a nearly 1% increase in a single day [1] Group 1: Stock Performance - Strategy (MSTR.US) rose over 3% [1] - Circle (CRCL.US) increased by more than 6% [1] - Coinbase (COIN.US) saw a 2% rise [1] - Robinhood (HOOD.US) gained over 3% [1] - MARA Holdings (MARA.US) went up by more than 2% [1] - RIOT Platforms (RIOT.US) experienced a 0.5% increase [1] Group 2: Bitcoin Price Movement - Bitcoin returned above $87,000, marking a daily increase of nearly 1% [1]

MicroStrategy stock (MSTR) has been in a major down trend since November. MSTR stock is down 70% from its all-time high and 50% in the last three months. More News from Barchart The stock declined 8.14%, and based on the options flow, this bearish momentum appears far from over. Let's break down the unusual options flow and what it might signal about the stock's potential direction. Options Volume and Flow Analysis Yesterday's options activity in MicroStrategy stood out from typical trading patterns. ...

Group 1 - Michael Saylor's company, Strategy (MSTR.US), has spent nearly $1 billion on Bitcoin for the second consecutive week, taking advantage of the cryptocurrency price drop [1] - The recent purchase of $980.3 million in Bitcoin represents the largest weekly buy since July and marks the first time since January that the company has increased its holdings by over 10,000 Bitcoin in two consecutive weeks [1] - The funding for this acquisition primarily came from the company's Class A common stock issuance, which critics argue may dilute existing shareholder equity and weaken the company's stock price relative to its current $59 billion Bitcoin holdings [1] Group 2 - Saylor stated that the company is designed for Bitcoin maximalists, emphasizing that only those who believe in Bitcoin's potential for a 30% annual increase would invest in its stock [2] - Despite market speculation about being removed from key indices, the Nasdaq 100 decided to retain Strategy after its annual rebalancing, alleviating potential immediate sell-off pressure [2] - Strategy has publicly urged MSCI to abandon a controversial proposal that would exclude companies with over 50% of their assets in crypto from the MSCI global index, warning of potentially "extremely harmful" market repercussions if the proposal passes [2]

Group 1: Market Movements - Baoji Pharmaceutical-B (02659) surged over 3.2% amid its debut on the Hong Kong Stock Exchange, closing up 138.82% on its first day, with a market capitalization exceeding HKD 20 billion [1] - New Energy (01799) and Xinyi Solar (00968) saw declines of 3.01% and 3.67% respectively, as the photovoltaic sector faced weakness, with rumors of a 30 billion yuan investment for capacity storage by major companies [1] - Xpeng Motors-W (09868) and Li Auto-W (02015) dropped 4.88% and 2.67% respectively, following data from the China Association of Automobile Manufacturers indicating a month-on-month increase in production and sales [1] Group 2: Company-Specific News - Bolek Vision Cloud-B (02592) experienced a significant drop of nearly 15%, having previously doubled in price over 10 trading days, as it announced a new drug trial application to the FDA [2] - Hu Shang Ayi (02589) rose nearly 6% as Nayuki Tea expanded into the U.S. market, enhancing the international presence of Chinese tea brands [2] - Gold stocks fell sharply, with Zijin Mining (02899) and Shandong Gold (01787) declining by 4.29% and 4.94% respectively, following a report on the Bloomberg Commodity Index's upcoming rebalancing [2] Group 3: Cryptocurrency and Technology - Cryptocurrency ETFs faced significant declines, with notable drops in Bitcoin and Ethereum-related funds, as Bitcoin fell 3.3% from its record high, reflecting market pressures amid weak liquidity [3] - Oracle (ORCL.US) continued its downward trend, dropping 2.66% due to delays in delivering AI data centers for OpenAI, attributed to labor and material shortages [6] - Nvidia (NVDA.US) saw a slight increase of 0.73% after announcing the release of its third-generation language model, aimed at writing and programming tasks [6]