The world's largest token could be range-bound for a while, because long-term holders are taking the opportunity to sell.
The token passed $100,000 for the first time last week, but its rally has since stalled.
The company has diluted shareholders to the tune of roughly $12 billion via share sales in recent weeks to stock up on bitcoin.
Mike Shorr with @ProsperTradingAcademy turns to A.I., crypto and energy trades in today's Big 3.
Matthew Tuttle was a bit player. Now he runs a red hot fund—but there are signs the T-Rex 2X Long MSTR Daily Target ETF isn't ready for prime time.
Data analytics veteran MicroStrategy (MSTR 2.23%) has been crushing the market in recent years. In the summer of 2020, the company converted nearly all of its cash reserves into Bitcoin (BTC 0.38%) and is continuing to build on that cryptocurrency investment.
Studying past stock market winners can help you spot the next one. MicroStrategy's 2024 move was one for the books.
MicroStrategy (MSTR -4.83%) began acquiring Bitcoin (BTC -4.50%) four years ago, and since then, its stock provided its investors with a mind-boggling 2,700% return. The company currently holds 402,100 Bitcoins, presently valued at $39.1 billion, and the cryptocurrency surpassed $100,000 for the first time (although it dipped below that level at the time of this writing).
After bitcoin (BTC-USD) reached the $100,000 milestone for the first time, MicroStrategy (MSTR) executive chairman Michael Saylor joins Market Domination Hosts Julie Hyman and Josh Lipton to discuss the cryptocurrency's rise and explain why MicroStrategy has become a consistent bitcoin buyer. "Every day for the past four years, I've said buy bitcoin, don't sell the bitcoin.
Microstrategy's (MSTR) leverage presents downside tail-risk that exceeds even Bitcoin's legendary risk premium, according to OJ. The stock may lead crypto prices in near-term.
MicroStrategy Inc's MSTR leveraged ETFs have amplified the company's role as a de facto Bitcoin BTC/USD proxy.
As of Tuesday, MicroStrategy held 402,100 Bitcoin. That holding is now worth just more than $41 billion, or about half of the company's market capitalization.