MicroStrategy Inc. (MSTR)
MicroStrategy Stock Stumbles. Its Bitcoin Bet Is Losing Its Shine.
The company may need to reassess its aggressive Bitcoin acquisition strategy.
Is MicroStrategy a Buy Now?
MicroStrategy (MSTR -11.40%) changed its name to Strategy on February 5 to reflect the shift in its primary business model from an enterprise software company to the largest corporate holder of Bitcoin. Since buying its first Bitcoin in August 2020, Strategy stock is up nearly 1,800%, outperforming every company in the S&P 500, including Nvidia.
Why MicroStrategy's stock chart now looks so bearish
The bitcoin play has fallen below a key support zone to trade at the lowest prices seen since before President Trump's election win.
MicroStrategy shares drop as Bitcoin purchase coincides with price decline
MicroStrategy Incorporated (NASDAQ:MSTR) shares were down 9% on Tuesday afternoon after the software firm, now rebranded as Strategy, announced a $2 billion Bitcoin purchase even as the cryptocurrency's price has declined. The company, a major corporate holder of Bitcoin, acquired 20,000 BTC, bringing its total holdings to approximately 499,096 BTC, valued at $43.7 billion.
Strategy Stock Is Plummeting Today -- Is the Bitcoin Company a Buy?
Strategy (MSTR -9.91%) stock is slumping in Tuesday's trading. The company's share price was down 13% as of 2:40 p.m.
Why Strategy Stock Is Plummeting Today
Shares of Strategy (MSTR -11.20%) are trading lower on Tuesday. The company's stock lost 11.7% as of 12:25 p.m.
MSTR, COIN and XYZ Forecast – Crypto Stocks Look Soft in Premarket Trading
Some of the biggest crypto related stocks in New York look a bit soft in the premarket trading on Tuesday. Ultimately, these companies will live or die with crypto, especially Bitcoin.
MicroStrategy Shares Falls. What the Bitcoin Slump Means for Crypto Stocks.
Crypto-exposed stocks were under pressure Tuesday as Bitcoin fell below $90,000 to a three-month low.
MicroStrategy now owns $47.4 billion worth of bitcoin after latest purchases
Last week, the company disclosed that it was more than doubling its bitcoin holdings last year while reducing its workforce
Where Will MicroStrategy Incorporated Be in 1 Year?
MicroStrategy Incorporated (MSTR -7.48%) started as a software company in 1989. Today, it's better known for its devotion to Bitcoin.
Should You Buy MicroStrategy (Now Called Strategy) While It's Below $500?
It's been a fantastic two-year run for MicroStrategy (MSTR -7.48%), which is up more than 1,200% during that time period. This stock market success can primarily be attributed to its unprecedented Bitcoin (BTC -2.27%) buying spree, which has seen the company accumulate more than 2% of all Bitcoin currently in circulation.
XYZ, MSTR and COMM Forecast – Blockchain Stocks Mixed in Premarket
The three crypto-related stocks that I am watching in the early hours of Friday are a bit mixed, but it looks as if we are simply waiting for a bigger move, with the exception of Block, which has reported poor earnings.
