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.
MicroStrategy — the provider of analytical software — has since 2020 transformed itself into a way for traders to bet on bitcoin, according to Yahoo! Finance. With MicroStrategy's recent addition to the Nasdaq 100, the company's stock has soared 496% so far in 2024.
MicroStrategy, the largest Bitcoin hoarder, will join the Nasdaq-100 on Dec. 23, leaving a far-reaching effect on itself, bitcoin, and the Nasdaq-100 index and ETFs.
Bitcoin (BTC) smashed another all-time high late on Monday night as the world's largest cryptocurrency flew above $107,000 for the first time ever. The BTC/USD pair reached as high as $107,800 and at the time of writing, remains around the $106,800 price point.