Core Viewpoint - Michael Saylor, founder and executive chairman of Strategy (MSTR), believes that bitcoin will surpass gold as a larger asset class by 2035, requiring its price to exceed $1.4 million per coin [1][2]. Company Overview - Strategy, formerly known as MicroStrategy, has transitioned from a business intelligence software company to an investment vehicle focused on accumulating bitcoin and offering related financial instruments [4][5]. - The company currently holds 641,692 BTC, representing 3% of bitcoin's total supply, after purchasing an additional 487 bitcoin recently [5]. Market Performance - Bitcoin's market cap is approximately $2.04 trillion, while gold's market cap stands at $29.2 trillion [1]. - Despite a recent correction in the cryptocurrency market, bitcoin has risen over 8% since the beginning of the year, although it has underperformed compared to the S&P 500 and Nasdaq Composite [3]. - In contrast, gold has seen a significant increase of 60% during the same period [4]. Industry Sentiment - Saylor asserts that the fundamentals of the cryptocurrency industry are stronger now than they were a year ago, despite current negative market sentiment, which he views as an opportunity for equity investors [6].

The SSK REX-Osprey SOL + Staking ETF ( SSK ), is an option for those seeking exposure to the Solana cryptocurrency and at the same time obtain monthly dividends derived from staking.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no b ...

Some of the most famous Hyperliquid traders might have learned an expensive lesson with high-leverage bets, but Abraxa Capital, a London-based crypto investment firm, is still betting big. The cryptocurrency market has been seeing wild volatility over the past month, with leading assets witnessing huge selloffs. Bitcoin recorded a 16.7% fall in the last 30 days while Ethereum dropped even further, losing 28% of its value. Perpetual traders took a hard blow. The famous James Wynn went from $87 million in ...

Broker Canaccord Genuity said Strategy’s (MSTR) transformation into a “full-cap-structure bitcoin acquisition engine” hit a new milestone with its first S&P credit rating, a B- with a stable outlook that recognizes the company’s increasingly sophisticated balance-sheet strategy. The rating validates Strategy’s disciplined capital management and access to markets, even as its fortunes remain tied to bitcoin’s (BTC) price, analysts led by Joseph Vafi wrote Monday. The analysts noted that S&P currently disc ...

Core Insights - Trezor's CEO, Matej Zak, supports Cathie Wood's prediction that Bitcoin could reach $1 million, estimating a timeline of about 10 years for this to occur [1][2] - Institutional investors are currently dominating the cryptocurrency market, particularly following the introduction of spot Bitcoin ETFs in the U.S., while retail investor participation remains low [1] - Zak anticipates a significant return of retail investors to the market in 2026 [2] Market Dynamics - Bitcoin's price has recently declined due to global uncertainties and hawkish comments from Federal Reserve Chair Jerome Powell, which have affected interest rate expectations [3] - Trezor's hardware wallet sales are closely correlated with Bitcoin's price movements, indicating that sales increase when Bitcoin prices rise [4] - The current cryptocurrency rally is attributed to supportive policies under the Trump administration, increased institutional demand, and Bitcoin's growing integration into global financial markets [4]

Strategy reports $2.8 bilion net profits. | Credit: Joe Raedle via Getty Images. Key Takeaways Strategy owns 640,808 BTC worth over $70 billion with an unrealized profit of approximately $23 billion. The firm has reported $19.8 billion in capital raised year-to-date. Strategy pulled $2.9 billion in operating income for Q3 2025. Bitcoin behemoth Strategy (formerly MicroStrategy) has seen a dramatic increase in earnings as BTC’s Q3 rally sees the firm pull billions in revenues. Bitcoin’s Biggest Ba ...

Strategy (MSTR), the largest corporate holder of bitcoin, reported net income of $2.8 billion, or EPS of $8.42 for the third quarter of 2025. Led by Executive Chairman Michael Saylor, the company continued to execute its aggressive bitcoin accumulation strategy. Fueled by proceeds from common and preferred stock issuances, Strategy increased its holdings to 640,031 BTC by the end of September from 597,325 at the beginning of the quarter (October purchases have since brought the company stack to 640,808). ...

Core Insights - ETHZilla Corporation has transitioned from a clinical-stage biotech company facing cash constraints to one of the fastest-growing entities in the Ethereum USD market [1] Company Overview - ETHZilla Corporation was previously involved in clinical-stage biotechnology but encountered significant liquidity issues that led to a slowdown in research and development activities [1] Industry Context - The company is now capitalizing on the growing interest in cryptocurrencies, particularly Ethereum, indicating a shift in focus towards digital assets and blockchain technology [1]

Core Viewpoint - Strategy (MSTR) has received a B- credit rating from S&P Global, indicating significant financial risk due to its business model focused on holding bitcoin, despite its large market cap and access to capital markets [1][2] Company Transformation - The company has shifted from an enterprise software provider to a publicly traded bitcoin holding vehicle, utilizing excess cash to purchase bitcoin and financing operations through convertible debt, preferred stock, and equity [3] Industry Impact - Strategy is the first bitcoin treasury firm to receive a rating from a major credit agency, which could lead to increased market demand for treasury companies, as noted by industry leaders [4] Financial Position - As of mid-2025, the company's bitcoin holdings were valued at approximately $70 billion, while total outstanding convertible debt and preferred equity stood at about $15 billion. However, S&P highlighted that the company has minimal actual cash and unreliable operating income, with a negative operating cash flow of $37 million from January to June 2025 [5] Currency Mismatch - The company faces a "currency mismatch" as its assets are primarily in bitcoin while its debts and dividend obligations are in U.S. dollars, potentially leading to a liquidity crunch if bitcoin prices decline and capital cannot be raised [6] Capital Constraints - A key constraint on the company's rating is its "negative total adjusted capital," as S&P excludes bitcoin from equity calculations due to its volatility, resulting in a capital shortfall despite owning significant digital assets [7]

Strategy Inc. acquired 390 Bitcoin for approximately $43.4 million between October 20 and October 26, 2025. MicroStrategy Chairman Michael Saylor announced the purchase on October 27, stating the company achieved a BTC yield of 26.0% year-to-date. The transaction was funded entirely by net proceeds from at-the-market sales of preferred stock, according to the company’s Form 8-K filing with the SEC. Strategy sold 175,634 STRF shares, 191,404 STRK shares, and 87,462 STRD shares during the period. The compa ...