KEY TAKEAWAYSShares in MicroStrategy, the largest corporate holder of Bitcoin, are jumping Monday in premarket trading, as the cryptocurrency trades near the $100,000 mark for the first time.MicroStrategy ramped up acquisitions of the token this year—especially following Donald Trump’s November 5 election victory—as investors bet on a crypto-friendly administration and Congress. As of Nov. 17, MicroStrategy held 331,200 bitcoin. Shares in MicroStrategy (MSTR), the largest corporate holder of Bitcoin (BTCUSD ...

For ETF issuers, the industry can be a fickle beast. Success is often dependent on factors that are outside of their control. If a fund launches at just the right time, it can come storming out of the gate. If it debuts right before aEditor of ETF Focus on TheStreet.com. On Substack at www.substack.com/etffocus. To receive notifications of new articles and blog posts as soon as they're published, click on the orange Follow button and become a real-time follower.Analyst’s Disclosure: I/we have no stock, opti ...

Shares of MicroStrategy (MSTR 6.19%) jumped 24.7% higher this week, according to data from S&P Global Market Intelligence. The Bitcoin investment company was helped by the cryptocurrency's price appreciation this week along with a convertible debt offering at a 0% interest rate. As of the market close on Friday, Nov. 22, MicroStrategy stock is up 515.7% year to date. Here's why the stock was rising yet again this week.More Bitcoin appreciation and debt offeringBack in 2020, MicroStrategy CEO Michael Saylor ...

MicroStrategy Could Soon Reveal $3 Billion of Bitcoin Buys With Bond Proceeds ...

After a huge post-election rally, Bitcoin (BTC -0.34%) just hit another all-time high, and is on the cusp of breaking through the $100,000 mark for the first time ever. For the year, it is now up 110%.But what if I told you that there was a crypto stock that was absolutely crushing Bitcoin's performance this year? That's right: MicroStrategy (MSTR 6.19%) is now up 462% for 2024 and is doing so on the basis of an aggressive strategy that involves buying as many bitcoins as it possibly can. So which is the be ...

Most of the stock market’s attention has been directed to cryptocurrency, the hottest and most popular niche of the technology sector today. The idea behind most decisions is that, as the price of Bitcoin keeps rallying near an all-time high of $100,000 per coin, most—if not all—of the names related to cryptocurrencies will rally along with Bitcoin. That’s the one flaw most investors are coming to realize today. For better or for worse, there is a major divide in the cryptocurrency stock universe today, eve ...

Citron Research’s Andrew Left believes the run in shares of MicroStrategy Inc MSTR is not going to end well in the near term, and he’s putting his money where his mouth is.What To Know: Left on Thursday announced a new short position in software firm turned Bitcoin BTC/USD holding company MicroStrategy, despite remaining bullish on the trajectory of Bitcoin.“$MSTR's volume has completely detached from BTC fundamentals,” the short seller said in a post on X. Benzinga has reached out to MicroStrategy for comm ...

Bubbles Always BurstHistory is littered with the memories of epic bubbles in various markets worldwide. “Tulip Mania” took the Netherlands by storm in the 17th century when tulip bulb prices exploded to extraordinary heights before crashing down to earth. In the early 1980s, the billionaire Hunt brothers, believing that inflation would run rampant, attempted to corner the market in silver by acquiring roughly 30% of the privately held silver. Silver prices soared before suffering a rapid order 50% drawdown. ...

Microstrategy (MSTR 10.05%) continues its incredible run as the company sells more debt and equity to buy more Bitcoin (BTC 2.13%). Shares were up as much as 16% in trading on Wednesday and are up 12.5% near the end of trading on Wall Street.On Monday, the company announced it had acquired 51,780 Bitcoin for approximately $4.6 billion at an average price of $88,627. On Wednesday, the company announced the pricing of $2.6 billion of 0% convertible senior notes due in 2029. The notes could convert into cash o ...

Key TakeawaysMicroStrategy shares surged again Wednesday, lifted by bitcoin's recent record-high.The technology company is the largest corporate holder of bitcoin, with about $31 billion worth in its portfolio.MicroStrategy stock is up nearly 700% this year, even outperforming bitcoin itself. MicroStrategy (MSTR) shares rocketed higher again Wednesday, as the largest corporate holder of bitcoin reaps the benefits of record high prices for the cryptocurrency.  The price of bitcoin hit a record of more than $ ...