MicroStrategy Stock Drops as Bitcoin Bounce Fizzles Out
MicroStrategy and other crypto-related stocks were sliding on Tuesday after Bitcoin’s initial push toward $100,000 failed. All three stocks are closely tethered to the price of Bitcoin given they either hold the crypto or make money by taking trading fees from investors buying or selling it.
Draper has been making price predictions for BTC since 2014 when he forecast that BTC, which was approximately $500, would ...
MicroStrategy (MSTR), a data-analytics and software company that is the largest corporate Bitcoin holder. Crypto bros ...
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MicroStrategy is unique on the stock market because it essentially acts like a leveraged Bitcoin ETF. Chief Executive Officer ...
Bernstein raised its price target for MSTR stock to $600 from $290 as MicroStrategy buys another 55.5K BTC for $5.4 billion.
Concentration of Bitcoin ownership challenges the foundational idea of a decentralized cryptocurrency network.
Shares in MicroStrategy, the largest corporate holder of bitcoin, initially jumped and then fell Monday after the software ...
MicroStrategy’s conversion price represents a premium of approximately 55% over the Nov. 19 mid-day share price of $433.80.
Bernstein analyst Gautam Chhugani, who boosted his price target on MicroStrategy by $310 to $600 a share in a note published ...
MicroStrategy continues to add bitcoin to its balance sheet, buying another $5 billion worth of the token last week.
MicroStrategy Inc. bought a record $5.4 billion in Bitcoin, the third major purchase announced this month by the crypto hedge ...
MicroStrategy is severely overvalued with a 150% premium over Bitcoin. Learn why MSTR stock is a Sell and direct Bitcoin ...
The company's Bitcoin strategy has trounced the market and made shareholders rich. But will the good times continue?
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