Bitcoin ( CRYPTO:BTC ) investors have spent the better part of the last five years believing institutional adoption would create a permanent floor under crypto prices.
Recently, Zacks.com users have been paying close attention to Strategy (MSTR). This makes it worthwhile to examine what the stock has in store.
Peter Schiff, chief economist and global strategist at Europac, has raised the alarm over Strategy Inc.'s (NASDAQ: MSTR) plan to use some of its cash reserves to retire part of its debt.
"The real power of tokenization is it creates a free market in credit formation and yield for asset owners," the Strategy founder and chairman said Thursday on CNBC's "Squawk Box". Saylor's comments go beyond the usual pitch for tokenization, which includes faster settlement, 24/7 market access and broader retail access.
Strategy Inc (MSTR) Discusses Potential Bitcoin Sales and Dividend Policy Changes Transcript
Michael Saylor isn't slowing down his Bitcoin ( CRYPTO: BTC ) buying.
Strategy (previously known as Microstrategy) MSTR, the bitcoin treasury company led by executive chairman Michael Saylor, disclosed Monday that it acquired an additional 24,869 bitcoin for approximately $2.01 billion between May 11 and May 17. According to an 8-K filing with the Securities and Exchange Commission, the company purchased the bitcoin at an average price of roughly $80,985 per coin.
MSTR faces rising earnings pressure as fair-value accounting and Bitcoin volatility drive massive unrealized losses and balance-sheet risks.
MicroStrategy (NASDAQ:MSTR | MSTR Price Prediction), now operating as Strategy, is once again the loudest ticker in the room, riding a 55.97% one-month rally and a 12.79% weekly pop on the back of yet another bitcoin treasury announcement.
I'll cut straight to the verdict. Strategy (NASDAQ:MSTR | MSTR Price Prediction), the Bitcoin treasury vehicle formerly known as MicroStrategy, has been gutted over the past year, but our model sees a meaningful rebound from here.
Strategy's huge bitcoin treasury and strong capital raises support growth, but accounting losses and rich valuation cloud the near-term outlook.
Recently, Zacks.com users have been paying close attention to Strategy (MSTR). This makes it worthwhile to examine what the stock has in store.