Strategy Inc. (MSTR)
Why MicroStrategy stock is crashing after another Bitcoin buying spree
The share price of American business intelligence firm MicroStrategy (NASDAQ: MSTR) is on a downward spiral as the company continues its aggressive Bitcoin (BTC) buying strategy.
MicroStrategy buys another $209M worth of bitcoin. Stock dips.
Software company MicroStrategy (MSTR) bought up an additional $209 million worth of bitcoin (BTC-USD) — or 2,100 bitcoin — according to its latest filing with the Securities and Exchange Commission (SEC). Market Domination host Julie Hyman, Yahoo Finance markets reporter Josh Schafer, and Interactive Brokers chief strategist Steve Sosnick monitor MicroStrategy's stock moves as its bitcoin-buying activity appears to be slowing over the past several weeks.
MicroStrategy snags another 2,138 bitcoins at less than $100,000 per coin
Cryptocurrency play discloses its latest shares sales with proceeds going to buy more bitcoin.
MicroStrategy expands Bitcoin holdings
MicroStrategy Incorporated (NASDAQ:MSTR) has continued its aggressive Bitcoin accumulation strategy, acquiring $209 million worth of the cryptocurrency between December 23 and December 29, a regulatory filing with the Securities and Exchange Commission on Monday has revealed. This marks the eighth consecutive week of Bitcoin purchases for the Tysons Corner-based software company, which has effectively transformed itself into a leveraged proxy for Bitcoin under the leadership of its co-founder Michael Saylor.
MicroStrategy Is Buying Less and Less Bitcoin. The Stock Is Down.
The company bought $209 million worth of the digital token between Dec. 23 and Sunday.
Software Stock Drops After Big Bitcoin Buy
Software name MicroStrategy Inc (NASDAQ:MSTR) is plummeting in pre-market trading, last seen at $317.97 after the company revealed a sale of 592,987 shares valued at $209 million and a subsequent acquisition of 2,138 bitcoins, worth the same amount.
MicroStrategy Joins the Nasdaq-100 Stock Index!
In this podcast, Motley Fool analyst Asit Sharma and host Ricky Mulvey discuss:
MicroStrategy Wants to Massively Dilute Shareholders to Fund Its Bitcoin Dreams
MicroStrategy (NASDAQ:MSTR) wants to kick its Bitcoin (CRYPTO:BTC) buying strategy into hyperdrive, but is doing so at the expense of existing shareholders.
Billionaires Are Buying an ETF That Could Soar 13,100% if Michael Saylor of MicroStrategy Is Right
Following the moves of billionaires across Wall Street can provide some valuable insight into the ideas of some of the smartest investors around. While any single trade rarely means too much, taken in aggregate, interesting trends can emerge.
MicroStrategy, Portland General Electric And Other Big Stocks Moving Lower In Thursday's Pre-Market Session
U.S. stock futures were lower this morning, with the Dow futures falling over 100 points on Thursday.
5 Things to Know Before the Stock Market Opens
U.S. stock futures are edging lower in pre-market trading after tech stocks helped fuel a Christmas Eve rally; MicroStrategy (MSTR) stock is falling after a big jump from the bitcoin buyer as it plans to issue more shares; Uber (UBER) shares are little changed after government regulators in Taiwan blocked the company's proposed takeover of competitor Foodpanda; American Airlines (AAL) shares are down slightly after the air carrier suffered a brief grounding of its flights; and Netflix (NFLX) shares are edging higher after its Christmas Day broadcast of NFL football games. Here's what investors need to know today.
MicroStrategy Wants Ability to Issue Enough Shares to Buy All World's Bitcoin
The company has profited enormously by buying Bitcoin and seems to be doubling down on its strategy.
