MicroStrategy (NASDAQ: MSTR), which went public in 1998, was once considered a slow-growth analytics software company. It was struggling to grow in a crowded market while keeping pace with nimbler cloud-based competitors like Salesforce.
MicroStrategy is on the brink of dramatically increasing its authorized Class A shares from 330 million to 10.3 billion. Michael Saylor holds 47% of the
While MicroStrategy's legacy software operations remain intact, its financial core has shifted decisively toward Bitcoin.
MicroStrategy Inc.’s Michael Saylor may soon have almost as many common shares at his disposal to help fund the company’s Bitcoin buying spree as market behemoths Amazon.com Inc. and Alphabet Inc. have outstanding.
Financial writer highlights MicroStrategy Incorporated's potential buying opportunity and outperformance compared to Bitcoin. Click for this MSTR update.
Software firm MicroStrategy and its co-founder Michael Saylor have become synonymous with Bitcoin. Here’s everything you need to know.
The total value of all cryptocurrencies in circulation currently stands at $3.5 trillion, which is near a record high. Bitcoin ( BTC 1.17%) accounts for more than half of that value, thanks to its market capitalization of almost $2 trillion.
Borrow money through convertible debt. Buy Bitcoin (CRYPTO:BTC) to drive prices higher. Sell new stock to buy more Bitcoin. Wash, rinse, repeat. This has been MicroStrategy‘s (NASDAQ:MSTR) business strategy since 2020 when it decided to become a bitcoin treasury company.
Benchmark maintains its buy rating on MSTR with a price target of $650. As of Monday, MicroStrategy purchased a further 2,530 BTC taking total holdings to 450,000 BTC.
MicroStrategy shares have surged due to its unique strategy of leveraging Bitcoin and issuing debt and equity. Read my MSTR stock analysis.
MicroStrategy adds 2,530 BTC worth $243M, continuing its aggressive Bitcoin acquisition strategy with over 450,000 BTC in reserves.
Lifted by the bitcoin rally, shares of Coinbase have gained 52.3% since Nov. 5 and its market cap is now $73.97 billion, cementing Coinbase's status among the MAGA Seven.