Strategy Inc (MSTR) Discusses Potential Bitcoin Sales and Dividend Policy Changes Transcript
Michael Saylor isn't slowing down his Bitcoin ( CRYPTO: BTC ) buying.
Strategy (previously known as Microstrategy) MSTR, the bitcoin treasury company led by executive chairman Michael Saylor, disclosed Monday that it acquired an additional 24,869 bitcoin for approximately $2.01 billion between May 11 and May 17. According to an 8-K filing with the Securities and Exchange Commission, the company purchased the bitcoin at an average price of roughly $80,985 per coin.
MSTR faces rising earnings pressure as fair-value accounting and Bitcoin volatility drive massive unrealized losses and balance-sheet risks.
MicroStrategy (NASDAQ:MSTR | MSTR Price Prediction), now operating as Strategy, is once again the loudest ticker in the room, riding a 55.97% one-month rally and a 12.79% weekly pop on the back of yet another bitcoin treasury announcement.
I'll cut straight to the verdict. Strategy (NASDAQ:MSTR | MSTR Price Prediction), the Bitcoin treasury vehicle formerly known as MicroStrategy, has been gutted over the past year, but our model sees a meaningful rebound from here.
Strategy's huge bitcoin treasury and strong capital raises support growth, but accounting losses and rich valuation cloud the near-term outlook.
Recently, Zacks.com users have been paying close attention to Strategy (MSTR). This makes it worthwhile to examine what the stock has in store.
Veteran trader Peter Brandt has floated a Bitcoin target of $300,000 to $500,000 by late 2029, tied to a thesis that Trump's “Project Freedom” unlocks bank liquidity flowing into hard assets.
Strategy has resumed stocking up on bitcoin after a brief pause, and the company's outspoken CEO has no qualms about saying who's paying for it — the company's shareholders.
Strategy Inc. (MSTR) has had its core identity put to the test by the very asset it promotes.
MSTR posts a wider Q1 loss on a $14.46 billion unrealized bitcoin loss, even as revenues climb 11.9% year over year.