U.S. stock futures advanced on Monday following a tumultuous week which included the Federal Reserve's hawkish rate cut on Wednesday and a “Triple Witching” hour session on Friday. Two out of the four major index futures were trading higher in premarket trade.
MicroStrategy (MSTR) was an obscure software company until it started making a massive bet on bitcoin (BTCUSD).
The rally has been propelled by a group of rabid followers who are mixing songs, pouring whisky and spending hundreds of hours researching the stock.
After a massive rally over the past quarter, shares of MicroStrategy Inc. NASDAQ: MSTR started to face some controversy regarding the underlying business model and methods of this technology stock accumulating Bitcoin on their balance sheet through shareholder dilution. However, that pressure quickly subsided after a recent announcement that could boost the company higher.
Shares of MicroStrategy (MSTR -6.63%) fell as much as 20.8% in the first four trading days this week as the price of Bitcoin dropped and the company's premium to assets on the balance sheet came down. On Friday morning, shares were still down 22.5% for the week in pre-market trading, according to data provided by S&P Global Market Intelligence.
In September, Riot Platforms (RIOT -6.36%) stock dropped down to almost $6 per share, falling to its lowest price in nearly two years. In the three short months since, Riot Platforms stock has more than doubled.
MicroStrategy Inc. co-founder and Chairman Michael Saylor says he wants to add more “intelligence leverage” for shareholders. He also talks about potentially advising the Trump administration on crypto and says he's still buying up Bitcoin.
MicroStrategy Inc. co-founder and Chairman Michael Saylor says he wants to add more “intelligence leverage” for shareholders. He also talks about potentially advising the Trump administration on crypto and says he's still buying up Bitcoin.
Castle Island Ventures Founding Partner Nic Carter discusses MicroStrategy, prospects for Ethereum, a potential strategic Bitcoin reserve, and gives his Bitcoin outlook for 2025. He speaks with Sonali Basak and Tim Stenovec on "Bloomberg Crypto.
MicroStrategy will soon join the Nasdaq-100 index. Why the unconventional company could pose new risks to investors.
Cinthia Murphy looks at ETF trends heading into 2025. She highlights the Nasdaq-100's rebalancing, which will affect many ETFs and their exposure to different areas of the market – particularly with crypto stock MicroStrategy (MSTR) becoming present in the QQQ.
Retail investors poured nearly $11 million into MicroStrategy's shares on Monday, almost three times their average daily inflows this year, after the biggest corporate holder of bitcoin secured a spot in the Nasdaq-100 index.