MicroStrategy Stock Drops as Bitcoin Bounce Fizzles Out
MicroStrategy and other crypto-related stocks were sliding on Tuesday after Bitcoin’s initial push toward $100,000 failed. All three stocks are closely tethered to the price of Bitcoin given they either hold the crypto or make money by taking trading fees from investors buying or selling it.
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MicroStrategy stock, $MSTR, just fell a massive -35% from its peak on November 21stAccording to Google Finance data, MicroStrategy shares have dropped to ~$353, down 34% from Nov. 21st’s high of ~$535. The ...
Bernstein raised its price target for MSTR stock to $600 from $290 as MicroStrategy buys another 55.5K BTC for $5.4 billion.
MicroStrategy claims to have found an infinite money glitch by using inflating dollars to accumulate scarce bitcoin. But how ...
Michael Saylor is evolving MicroStrategy from simply holding Bitcoin to a "Bitcoin bank." Check out why I remain bullish on ...
Shares in MicroStrategy, the largest corporate holder of bitcoin, initially jumped and then fell Monday after the software ...
MicroStrategy's treasury model is unprecedented and will attract billions in capital from investors around the world to ...
Michael Saylor's MicroStrategy reportedly lost $30 billion in Bitcoin's recent dip, The Kobeissi Letter revealed on Wednesday ...
Michael Saylor‘s MicroStrategy Inc (NASDAQ:MSTR) recently completed its $3 billion offering of 0% convertible senior notes ...
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Bernstein analysts predict MicroStrategy will own 4% of the total bitcoin supply by the end of 2033, an amount they expect to ...
MicroStrategy (NASDAQ:MSTR) bought ~55,500 more bitcoins for ~$5.4B in the week of Nov. 18-24, an ~17% increase in its ...
MicroStrategy shares are a more popular bitcoin play than the cryptocurrency itself for many individual investors.
MicroStrategy is currently up 416%, year-to-date, but it's down almost 40% from its all-time high, which was set on Nov. 21. MicroStrategy's net asset value premium has dropped to 2.09. On Nov. 20, ...
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