BlackRock head of digital assets, Robert Mitchnick, compares the iShares Bitcoin Trust ETF (ticker: IBIT) and MicroStrategy. He says they draw different investor types.
Bitcoin (CRYPTO:BTC) prices briefly dipped below $90,000 early on Monday, its lowest level in two months, as the likelihood of further cuts in interest rates by the Federal Reserve in 2025 roiled assets everywhere.
As of Jan. 14, 2025, two stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
MicroStrategy resumes buying bitcoin after a short break, while prices keep pulling back.
MicroStrategy (NASDAQ: MSTR), the world's largest corporate Bitcoin holder, announced on January 13, the purchase of 2,530 Bitcoin (BTC) for $243 million, acquired at an average price of $95,972 per BTC.
MicroStrategy: Shares Should Trade At A Premium
Combining fundamentals and human behavior analysis, we provide key support and resistance levels guiding our outlook for MicroStrategy. Lyn Alden notes MSTR's valuation is more reasonable now, with long-term bullish sentiment tied to Bitcoin's performance through 2025-2026. Our methodology helps us identify probable market movements with a primary scenario for MSTR and when to shift that perspective.
MicroStrategy (MSTR) has become the poster child for Bitcoin investment, with its shares surging over 450% in the past year, outperforming Bitcoin itself, which has doubled since January 2024. Wall Street analysts have also remained bullish on the MSTR stock.
Wall Street is bullish on the shares and the currency, but investors should be wary.
Enterprise software developer MicroStrategy (MSTR -9.94%) has been crushing the broader stock market recently. The stock gained 359% in 2024, rising a total of 2,370% in five years on the morning of Jan. 6.
MicroStrategy is leveraging innovative financial tools to expand its Bitcoin holdings. It has been reducing leverage and increasing optionality through aggressive ATM offerings in Q4 2024. The company intends to increase its authorized common and preferred share counts, enabling future BTC purchases via issuances and opening the door to more stock splits. The recent offering of perpetual preferred shares with conversion features signals the expansion of the total addressable market into different portions of the capital markets.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.