#Microstrategy Inc

[bitcoinversus]

BlackRock Now Owns 5.2% of MicroStrategy

BlackRock Inc. recently reported holding a 5.2% stake in MicroStrategy Inc. (MSTR) through its latest SEC Schedule 13G/A filing. The holding reflects a significant investment in the business intelligence firm, notable for its extensive Bitcoin reserves and its alignment with the broader Bitcoin strategy spearheaded by CEO Michael…

[youthchronical]

Trump claims presidential win. Here is what he promised the crypto industry ahead of the election

Former President Donald Trump arrives for his campaign rally at the Trump National Doral Golf Club in Doral, Florida, on July 9, 2024. Joe Raedle | Getty Images News | Getty Images As Donald Trump celebrated his prospective victory on Election Night at Mar-a-Lago, he was joined by a roster of high-profile supporters. Among them were Elon Musk, Robert F. Kennedy, Jr. and Cantor Fitzgerald CEO…

[ilucyliu-blog]

Crypto Market Outperforms in January: A Look at the 40% Growth and Potential for More

Bitcoin has had a good start this year, rising nearly 40% so far. Despite the bankruptcy filing of crypto lending institution Genesis last week and the closure of digital asset exchange FTX a few months ago, the crypto market seems to be returning to full strength. Phinom Digital’s Managing Partner, Ivan Ivanchenko, stated that due to fund managers allocating funds at the beginning of the year,…

[unpluggedfinancial]

The Pioneering Path: MicroStrategy's Bold Bitcoin Adoption Plan

Bitcoin adoption is rapidly gaining momentum, with various institutions and companies integrating the digital currency into their financial strategies. Among these pioneers, MicroStrategy stands out with its bold and strategic approach to Bitcoin investment. This post explores MicroStrategy's Bitcoin plan, its financial implications, the broader impact on Bitcoin adoption, and how other companies are following suit.

The Rise of Bitcoin Adoption

Bitcoin, once a niche interest for tech enthusiasts, has now become a mainstream financial asset. Companies and institutions are increasingly viewing Bitcoin as a hedge against inflation and a store of value. The decentralized nature of Bitcoin and its potential for high returns have fueled its adoption across various sectors.

MicroStrategy's Bitcoin Strategy

MicroStrategy, led by CEO Michael Saylor, has been at the forefront of corporate Bitcoin adoption. In August 2020, MicroStrategy made headlines by announcing its first Bitcoin purchase, acquiring 21,454 BTC for $250 million. As of June 20, 2024, MicroStrategy holds a staggering 226,331 bitcoins. This aggressive accumulation demonstrates the company's deep conviction in Bitcoin's long-term value.

Michael Saylor has been a vocal advocate for Bitcoin, emphasizing its role as a superior store of value compared to traditional fiat currencies. MicroStrategy's Bitcoin strategy is driven by the belief that Bitcoin is a better long-term investment than holding cash.

Financial and Strategic Impact

MicroStrategy's Bitcoin holdings have significantly impacted its financial statements. The company's Bitcoin assets have appreciated, enhancing its balance sheet and boosting investor confidence. This strategic move has also positioned MicroStrategy as a thought leader in the crypto space, attracting attention from both traditional and crypto investors.

Effect on Stock Price MicroStrategy's stock has experienced significant fluctuations over the past few years. Here is a summary of its performance:

2024: The average stock price so far is $1,169.45, with a year-to-date increase of 134.91%. The stock opened the year at $685.15 and reached a high of $1,919.16, closing at $1,483.76.

2023: The average stock price was $350.03, with a substantial annual increase of 346.15%. The stock opened the year at $145.02 and closed at $631.62, with a high of $670.71.

2022: The average stock price was $293.60, but the year saw a significant decline of 74.00%. The stock opened at $558.26 and closed at $141.57, with a high of $558.26.

2021: The average stock price was $656.31, with an annual increase of 40.13%. The stock opened at $425.22 and closed at $544.49, with a high of $1,272.94.

Overall, MicroStrategy's stock has seen a dramatic rise, particularly in 2023 and 2024, driven largely by its aggressive Bitcoin acquisition strategy and the corresponding increase in Bitcoin's value. Despite the fluctuations, the overall trend reflects the market’s growing confidence in MicroStrategy’s innovative approach to asset management.

The Ripple Effect: Other Companies Following Suit

MicroStrategy's bold move has set a precedent for other companies and institutions. Several high-profile companies have since followed MicroStrategy’s lead, adding Bitcoin to their balance sheets:

Square (now Block, Inc.): Square has made multiple Bitcoin purchases, with its CEO Jack Dorsey being a strong advocate for Bitcoin. The company views Bitcoin as an instrument of economic empowerment.

Galaxy Digital Holdings: This financial services and investment management firm focuses on the digital assets and blockchain technology sector, holding a substantial amount of Bitcoin.

These companies, among others, are recognizing the strategic advantages of holding Bitcoin. Their actions signal a growing acceptance of Bitcoin as a legitimate asset class, potentially leading to wider adoption in the corporate world.

The Broader Implications

MicroStrategy's bold move and the subsequent actions of other companies have set the stage for broader Bitcoin adoption. By demonstrating the potential benefits of Bitcoin investment, these companies have encouraged others to consider adding Bitcoin to their balance sheets. This ripple effect could lead to increased Bitcoin adoption and greater integration of digital currencies into the global financial system.

Conclusion

MicroStrategy's pioneering Bitcoin strategy highlights the growing trend of Bitcoin adoption among corporations. By embracing Bitcoin, MicroStrategy and other forward-thinking companies have not only enhanced their financial standing but also influenced the broader adoption of digital currencies. As more companies explore Bitcoin investments, the landscape of global finance is poised for significant transformation.

Take Action Towards Financial Independence

If this article has sparked your interest in the transformative potential of Bitcoin, there's so much more to explore! Dive deeper into the world of financial independence and revolutionize your understanding of money by following my blog and subscribing to my YouTube channel.

🌐 Blog: Unplugged Financial Blog Stay updated with insightful articles, detailed analyses, and practical advice on navigating the evolving financial landscape. Learn about the history of money, the flaws in our current financial systems, and how Bitcoin can offer a path to a more secure and independent financial future.

📺 YouTube Channel: Unplugged Financial Subscribe to our YouTube channel for engaging video content that breaks down complex financial topics into easy-to-understand segments. From in-depth discussions on monetary policies to the latest trends in cryptocurrency, our videos will equip you with the knowledge you need to make informed financial decisions.

👍 Like, subscribe, and hit the notification bell to stay updated with our latest content. Whether you're a seasoned investor, a curious newcomer, or someone concerned about the future of your financial health, our community is here to support you on your journey to financial independence.

[tradmais]

A ascens... https://tradeemais.com/dois-etfs-alavancados-impulsionados-pela-microstrategy-estao-ampliando-os-limites-de-risco-de-wall-street?feed_id=17871&_unique_id=6740de7667cfa

[blockinsider]

BlackRock’s IBIT Paves Way for Bitcoin’s Surge to $100K with Massive US Spot BTC ETF Investments

Key Points

Bitcoin’s price is expected to reach $100K, with its valuation surpassing $2.08 trillion.

Institutional investors and U.S. spot BTC ETF issuers are driving the high demand for Bitcoin.

Bitcoin’s price is projected to hit $100K soon. The flagship cryptocurrency recently reached a new all-time high of around $99,486 during the early European session. With less than 1% away from hitting the coveted target, Bitcoin’s daily average trading volume surged to over $113 billion.

For the first time in its history, Bitcoin’s fully diluted valuation exceeded $2.08 trillion, putting it on the brink of surpassing Alphabet Inc (NASDAQ: GOOGL). At present, Bitcoin’s total valuation is higher than that of Saudi Aramco Base Oil.

Bitcoin Demand and Volatility

The current surge in Bitcoin’s price has led to increased crypto volatility, resulting in heavy liquidations in recent days. Market data reveals that over $400 million was liquidated from the crypto-leveraged sector in the past 24 hours. Interestingly, most of these involved short traders, thus boosting the momentum of the ongoing short squeeze.

The demand for Bitcoin is primarily driven by institutional investors and U.S. spot BTC ETF issuers. As of November 21, these issuers had registered a cumulative total net inflow of about $30 billion, holding nearly $106 billion in assets under management.

Institutional Investments

On Thursday, BlackRock’s IBIT saw a net cash inflow of about $608 million, currently holding nearly $48 billion in total assets. Fidelity’s FBTC registered a net cash inflow of about $300 million on Thursday, currently holding nearly $20 billion.

On-chain data analysis reveals that a whale investor with a balance of 25,298 BTCs, worth over $2.5 billion, has purchased a total of 3,577 coins in the last four days. Meanwhile, MicroStrategy Inc (NASDAQ: MSTR) made the biggest Bitcoin move this week after purchasing 51,780 BTCs earlier this week and now holds 331,200 coins.

MicroStrategy announced on Thursday that it completed a $3 billion offering of convertible notes, and is likely to purchase more coins in the coming days.

Midterm Expectations

Bitcoin price entered its discovery phase three weeks ago, and the bullish momentum has been gaining strength. Based on previous bull market cycles, Bitcoin price could reach the range between $137K and $150K before experiencing a major correction.

Meanwhile, the altcoin industry led by Solana, Cardano, and Ripple Labs-backed XRP has been gaining significant traction. Moreover, Bitcoin’s dominance has been hovering around a major psychological resistance above 60%.

A potential reversal for the Bitcoin dominance in the weekly timeframe will yield the much anticipated parabolic rally for the altseason in the near term.

[virtualcurrencyspace]

MicroStrategy Buys $4.6B Worth Of Bitcoin

MicroStrategy Inc. bought a record $4.6 billion in Bitcoin, making good on plans announced last month to tap capital markets to accelerate purchases of the cryptocurrency.

The enterprise software maker, whose corporate strategy includes buying the digital asset, acquired about 51,780 Bitcoin between Nov. 11 and Nov. 17, according to an US Securities and Exchange Commission filing on Monday. That follows purchases of over 27,000 Bitcoin between Oct. 31 and Nov. 10, and two large acquisitions in September. The Tysons Corner, Virginia-based firm now owns around $30 billion in Bitcoin.

[marketingreportz]

Mobile Application Development Platform Market - Forecast(2024 - 2030)

Mobile Application Development Platform Market Overview

Request Sample :

The rising use of mobile devices by the organizations, growing adoption of bring your own device (BYOD) trend and adoption of cloud technology drive the mobile application development platform market. In addition, the need of automation in mobile application development and favorable government initiatives for digitalization in emerging countries are analyzed to drive the market in the forecast period 2020–2025.

Mobile Application Development Platform Market Report Coverage

The report: “Mobile Application Development Platform Market” — Forecast (2020–2025)”, by IndustryARC covers an in-depth analysis of the following segments of the Mobile Application Development Platform market

By Deployment Model: On-Premises, Cloud

By Devices: Smart Watch and Bands, Mobile Phones, Tablets, e-readers, others

By Operating System Users: IOS, Android, Windows, others

By Organization Size: Small & Medium-Sized businesses, Large Enterprises

By Industry Vertical: BFSI, Healthcare, Retail, Transportation and Logistics, Media and Entertainment, Telecom and IT, Construction, Education, Manufacturing, Others

Inquiry Before Buying:

By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)

Key Takeaways

APAC dominated the market by a market share of more than 34.2% in 2019, owing to the escalating need for innovations and favorable government initiatives to catalyze digitalization in this region.

Cloud deployment is growing at a highest CAGR of 24.5% in the forecast period owing to its operational flexibility and real-time deployment ease to companies than on-premises deployment.

Growth of mobile application development platforms in the commercial sector is a key factor contributing to the growth of mobile application development.

Mobile Application Development Platform top 10 companies include Adobe Systems, Inc., IBM Corporation, Kony, Salesforce.Com, SAP SE, Appcelerator, Inc., Backbase, MicroStrategy Inc., Apple, Inc., Intellectsoft LLC, Hewlett Packard Enterprise Company, Oracle Corporation, OutSystems, Inc., Red Hat, Inc., Sourcebits, Telerik,Inc., and Microsoft Corporation. among others.

Mobile Application Development Platform Market Segment Analysis — By Deployment Model

Cloud deployment is growing at a highest CAGR of 24.5% in the forecast period owing to its operational flexibility and real-time deployment ease to companies than on-premises deployment. It also offers numerous benefits, including reduced operational costs, simple deployment process, and higher scalability in terms of connected resources. Additionally, the cost-effective cloud-based solutions ease installation when compared to the on-premises solutions. The highest level of data security and reliability offered by the cloud deployment are increasing the share of this deployment in the forecast period. Several companies are providing solutions related to this deployment. For instance, mobile application development platform hosted on SAP HANA Cloud helps users and customers to develop and deploy enterprise mobile applications in a cloud environment without any hassle. Similarly, IBM has developed mobile application development platform with cloud technology. Hence these benefits are analysed to drive the market growth in the forecast period 2020–2025.

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Mobile Application Development Platform Market Segment Analysis — By Organization Size

Small and medium-sized businesses are growing at a highest CAGR of 25.5% in the forecast period. App development for SMBs is on the rise as a business with a mobile app provides a lot of rapidity and convenience for its customers. Moreover, Mobile apps will play a pivotal role in maintaining loyalty of customers. In addition, managing customer loyalty is very necessary for the SMBs as they will be crucial in forming the initial base for them. Enterprise Mobile Application Development has gained attention with the increase in Small Medium Enterprises building their own native Mobile App Development. In addition, several companies are driving the Small businesses to invest in app development by campaigns, innovations and so on. In 2019, Appify launched a campaign to get small businesses investing in their mobile presence. Similarly, Major Companies such as IBM, Microsoft and so on investing heavily to attract SMEs to develop applications. Hence these advancements are analyzed to drive the market in the forecast period 2020–2025.

Mobile Application Development Platform Market Segment Analysis — By Geography

APAC dominated the market with a market share of more than 34.2% in 2019, owing to the escalating need for innovations and rising demand for advanced technologies. Moreover, emerging economies like China and India are the largest producers and consumers of cost-effective smartphones. Enterprise mobility in China is a major technology issue for several enterprises. In India, various firms are still reluctant to adopt cloud solutions due to security concerns. Additionally, the increasing affordability of smart devices has led to the proliferation of mobile enterprise development platform in the region, which is likely to drive this regional market in the next few years. Moreover, the favourable government initiatives to catalyze digitalization in the Asia Pacific and the rising number of startups is analysed to drive the demand for the market over the forecast period 2020–2025.

Mobile Application Development Platform Market Drivers

Emergence of Cloud Based Technology

Cloud technology will play a key role in mobile app development. With the upsurge in the usage of multiple mobile devices and wearable tech, app developers will have to focus on the ability to integrate and sync their apps on multiple devices. The cloud approach will enable developers to build their applications that can be accessed on multiple devices with same functions, features and data. In addition, by leveraging cloud technology, mobile app developers have the luxury of simultaneously launching their applications on various platforms, like IOS and Android, since the application will work equally well on both the platforms. In addition, Application developers will be working with a minimized workload, which makes implementation easier and more widespread. Hence these benefits of cloud technology makes the companies to invest in Application development platform in the forecast period 2020–2025.

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Rising adoption of mobile devices in commercial sector is expected to drive the market

Growth of mobile application development platforms in the commercial sector is a key factor contributing to the growth of mobile application development. Commercial business makes use of smart phones that increase productivity, mobility and safety, and enable employees to advance customer service in order to maintain good communication with customers and suppliers. This further enables employees to work efficiently and remotely. Growth in mobile phone adoption in commercial sector also urges the need for mobile applications owing to the rising need of businesses. Therefore, the increasing mobile devices lead to the growth of mobile application development platform market.

Mobile Application Development Platform Market Challenges

Increasing cost and technical difficulties

Although Mobile Application development platform is growing at rapid phase. Increasing cost and technical difficulties in the mobile application development platform is restraining the growth of the market. Mobile application development is a complex process and needs a high level of technical expert to develop the application, even using the mobile application development platform. This technical difficulties in developing the apps are forcing the companies to invest in third party developers. Hence these increased investment and technical difficulties are analyzed to hamper the market growth in the forecast period 2020–2025.

Mobile Application Development Platform Market Landscape

Technology launches, acquisitions, Partnerships and R&D activities are key strategies adopted by players in the Mobile Application Development Platform market. In 2019, the market of Mobile Application Development Platform industry outlook has been fragmented by several companies. Mobile Application Development Platform top 10 companies include Adobe Systems, Inc., IBM Corporation, Kony, Salesforce.Com, SAP SE, Appcelerator, Inc., Backbase, MicroStrategy Inc., Apple, Inc., Intellectsoft LLC, Hewlett Packard Enterprise Company, Oracle Corporation, OutSystems, Inc., Red Hat, Inc., Sourcebits, Telerik,Inc., and Microsoft Corporation, among others.

Acquisitions/Technology Launches

In 2017, IBM Corporation launched MobileFirst Platform Foundation V8.0, which empowers organizations to take a radically simplified approach to building, managing, and updating their mobile apps.

For more Information and Communications Technology related reports, please click here

[riya2510]

Management Decision Industry Report: Global Market Manufacturers, Outlook and Growth till forecast

Leading Forces in the Management Decision Market: Forecasts and Key Player Insights Through 2032

This Global Management Decision research report offers a comprehensive overview of the market, combining both qualitative and quantitative analyses. The qualitative analysis explores market dynamics such as growth drivers, challenges, and constraints, providing deep insights into the market's present and future potential. Meanwhile, the quantitative analysis presents historical and forecast data for key market segments, offering detailed statistical insights.

According to Straits Research, the global Management Decision market size was valued at USD 5.8 Billion in 2022. It is projected to reach from USD XX Billion in 2023 to USD 25.6 Billion by 2031, growing at a CAGR of 16.12% during the forecast period (2023–2031).

Who are the leading companies (Marketing heads, regional heads) in the Management Decision 

IBM

SAP

Oracle

Microsoft

Deloitte

PwC

Ernst & Young

Capgemini

Accenture

KPMG

Cognizant

Infosys

Wipro

SAS Institute Inc.

Microstrategy Incorporated

Cloud Software Group, Inc.

Salesforce, Inc.

Adobe

Pegasystems Inc.

Sapiens International

ACTICO GmbH

Scorto, Inc

FlexRule

Experian Information Solutions, Inc

QlikTech International AB

Alteryx

Khoros, LLC

Domo, Inc.

Zoho Corporation Pvt.

OpenRules, Inc.

We offer revenue share insights for the Management Decision Market, covering both publicly listed and privately held companies.

The report integrates comprehensive quantitative and qualitative analyses, offering a complete overview of the Management Decision. It spans from a macro-level examination of overall market size, industry chain, and market dynamics, to detailed micro-level insights into segment markets by type, application, and region. This approach provides a holistic view and deep understanding of the market, covering all critical aspects. Regarding the competitive landscape, the report highlights industry players, including market share, concentration ratios, and detailed profiles of leading companies. This enables readers to better understand their competitors and gain deeper insights into the competitive environment. Additionally, the report addresses key factors such as mergers and acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts. In summary, this report is essential reading for industry players, investors, researchers, consultants, business strategists, and anyone with a stake or interest in entering the market.

Get Free Request Sample Report @ https://straitsresearch.com/report/management-decision-market/request-sample

The report integrates comprehensive quantitative and qualitative analyses, offering a complete overview of the Management Decision markets. It spans from a macro-level examination of overall market size, industry chain, and market dynamics, to detailed micro-level insights into segment markets by type, application, and region. This approach provides a holistic view and deep understanding of the market, covering all critical aspects. Regarding the competitive landscape, the report highlights industry players, including market share, concentration ratios, and detailed profiles of leading companies. This enables readers to better understand their competitors and gain deeper insights into the competitive environment. Additionally, the report addresses key factors such as mergers and acquisitions, emerging market trends, the impact of COVID-19, and regional conflicts. In summary, this report is essential reading for industry players, investors, researchers, consultants, business strategists, and anyone with a stake or interest in entering the market.

Global Management Decision Market: Segmentation

By Component

Software

Services

By Deployment Type

On-premise

Cloud

By End-User Industry

BFSI

IT and Telecom

Healthcare

Retail

Manufacturing

Other End-user Industries

Explore detailed Segmentation from here: @ https://straitsresearch.com/report/management-decision-market/segmentation

The report forecasts revenue growth at all geographic levels and provides an in-depth analysis of the latest industry trends and development patterns from 2022 to 2030 in each of the segments and sub-segments. Some of the major geographies included in the market are given below:

North America (U.S., Canada)

Europe (U.K., Germany, France, Italy)

Asia Pacific (China, India, Japan, Singapore, Malaysia)

Latin America (Brazil, Mexico)

Middle East & Africa

This Report is available for purchase on Buy Management Decision Market Report

Key Highlights

To explain Management Decision the following: introduction, product type and application, market overview, market analysis by countries, market opportunities, market risk, and market driving forces

The purpose of this study is to examine the manufacturers of Management Decision, including profile, primary business, news, sales and price, revenue, and market share.

To provide an overview of the competitive landscape among the leading manufacturers in the world, including sales, revenue, and market share of Management Decision percent

To illustrate the market subdivided by kind and application, complete with sales, price, revenue, market share, and growth rate broken down by type and application

To conduct an analysis of the main regions by manufacturers, categories, and applications, covering regions such as North America, Europe, Asia Pacific, the Middle East, and South America, with sales, revenue, and market share segmented by manufacturers, types, and applications.

To investigate the production costs, essential raw materials, production method, etc.

Buy Now @ https://straitsresearch.com/buy-now/management-decision-market

About Us:

StraitsResearch.com is a leading research and intelligence organization, specializing in research, analytics, and advisory services along with providing business insights & research reports.

Contact Us:

Email: sales@straitsresearch.com

Address: 825 3rd Avenue, New York, NY, USA, 10022

Tel: +1 6464807505, +44 203 318 2846

[cryptocurrencyideas]

Peter Schiff Encourages MicroStrategy Founder Micheal Saylor To 'Borrow' Another $4.3B To Buy Bitcoin That US Plans To Sell: 'Once In A While, The Government Does Something Smart' - MicroStrategy (NASDAQ:MSTR) - Benzinga

[bitcoinversus]

Lead Engineer Mark Harvey Claims Boom-Bust 4 Year Bitcoin Cycle is 'Dead'

The traditional four-year Bitcoin cycle, characterized by predictable boom and bust phases, is undergoing significant transformation due to increased adoption by corporations and nation-states. Mark Harvey, a prominent engineer and cryptocurrency analyst, asserts that this cycle is now obsolete, citing several key developments. MicroStrategy Inc. (MSTR) has been at the forefront of corporate…

[youthchronical]

Cryptocurrencies little changed as investors brace for U.S. presidential election, bitcoin hovers below $69,000

Bitcoin and USA flag on a cracked wall. Ruma Aktar | Istock | Getty Images Cryptocurrencies were slightly higher as investors looked forward to results from the U.S. presidential election. Bitcoin rose 1.9% to $68,783.69, according to Coin Metrics. It’s sitting 7% below its all-time high, after coming within spitting distance to it last week. Ether was higher by less than 1% at $2,437.83. The…

[coineagle]

Bitcoin Strategy Propels MicroStrategy Above US Tech Titans

Key Points

MicroStrategy has reportedly outperformed top S&P 500 stocks due to its substantial Bitcoin holdings.

The company’s “buy the dip” approach has attracted interest from other firms.

MicroStrategy, known for its significant Bitcoin holdings, has gained attention due to its performance surpassing leading S&P 500 stocks, amid Bitcoin’s recent volatility.

MicroStrategy’s Impressive Performance

A post by House of Chimera on September 24 highlighted that MicroStrategy has emerged as a noteworthy market player, outperforming tech giants like Apple Inc., Microsoft Corp., NVIDIA Corp., and Amazon.com Inc.

The post stated, “MicroStrategy’s 1,071% growth driven by its Bitcoin strategy surpasses leading S&P 500 companies like Nvidia (939%) and Arista Networks (591%).” It also emphasized the potential for outsized returns through Bitcoin exposure compared to traditional equity growth strategies.

This is not the first time MicroStrategy’s stocks have made waves in the market. In July, the company outperformed renowned tech companies like Nvidia, Tesla, and Microsoft. Recent comparisons reveal that MicroStrategy has continued to demonstrate strength, with a 2.09% increase in the past month, while Bitcoin faced a slight decline of 0.65% during the same timeframe.

MicroStrategy’s Bitcoin Strategy

MicroStrategy seems to have remained largely unaffected by Bitcoin’s recent price fluctuations, opting instead for a “buy the dip” strategy. As Bitcoin struggled to break past the $60,000 threshold, the company announced plans to offer $700 million in convertible senior notes due in 2028. Additionally, in its second-quarter report, MicroStrategy revealed that it now holds an impressive 226,500 Bitcoins.

Following MicroStrategy’s aggressive Bitcoin acquisition strategy, other companies are starting to emulate this approach. For instance, Metaplanet, a publicly traded investment and consulting firm based in Japan, recently acquired an additional 38.46 Bitcoin for $2.1 million, bringing its total Bitcoin holdings to nearly 400 Bitcoin, valued at around $23 million.

[truthblockchain]

Microstrategy Buys Another $1.1B Of Bitcoin

MicroStrategy Inc. purchased 18,300 Bitcoin for around $1.11 billion, the largest acquisition of the digital asset by the crypto hedge-fund proxy in more than three years.

[36crypto]

MicroStrategy Expands Bitcoin Holdings with $1.11 Billion Purchase

MicroStrategy Inc., the American business intelligence and software firm, has expanded its Bitcoin holdings with another significant purchase. Michael Saylor, the company’s chairman, announced on X that the firm had bought 18,300 Bitcoin (BTC) for approximately $1.11 billion at an average price of $60,408 per Bitcoin. Also Read: MicroStrategy Outshines Tech Giants Due to Bitcoin…

[blockinsider]

MicroStrategy Secures $3 Billion for Further Bitcoin Investment as $100K Mark Approaches

Key Points

MicroStrategy Inc closed a $3 billion offering of 0% convertible senior notes, planning to use the majority or all of the proceeds to buy more Bitcoin.

The company could potentially add about 30,600 BTC to its current reserves, reinforcing its position as the largest corporate holder of Bitcoin.

MicroStrategy Inc, the business intelligence company led by Bitcoin advocate Michael Saylor, has successfully raised $3 billion through the issuance of 0% convertible senior notes due in December 2029. The firm aims to direct a significant part, or possibly all, of the funds towards purchasing more Bitcoin. This decision strengthens MicroStrategy’s standing as the top corporate owner of the cryptocurrency.

According to a blog post by Saylor, the convertible senior notes were issued at a 55% premium, with an implied strike price of $672 for the firm’s Class A common stock. The unique 0% structure of the notes eliminates the necessity for regular interest payments to bondholders. Instead, they are sold at a discount and mature to face value unless converted before the maturity date.

Details of the Notes

These notes are classified as “senior” to common stock, giving holders priority in case of bankruptcy or liquidation. If MicroStrategy decides to allocate the entire $3 billion to Bitcoin, it could potentially add approximately 30,600 BTC to its current holdings. Presently, the company possesses an impressive 331,200 Bitcoin, valued at over $32.7 billion. This aggressive accumulation is in line with the firm’s ambitious “21/21” strategy, which intends to raise $42 billion — evenly divided between equity and fixed-income securities — in the next three years.

Saylor’s cryptic post on X, “Sell the Past. Buy the Future”, highlights his unwavering faith in Bitcoin’s potential as a long-term asset. As Bitcoin approaches the $100,000 mark, MicroStrategy’s stock (MSTR) has seen significant volatility. Despite a 25% decline from its all-time high of $536.70, MSTR remains one of the strongest performers in US markets in 2024, with a year-to-date gain of 480%.

Bitcoin’s Bull Run

MicroStrategy’s latest fundraising efforts coincide with a Bitcoin bull run, driven by increased institutional interest and the recent launch of spot Bitcoin ETFs. Bitcoin, currently trading near $99,000, has surged over 170% in the past year. The recent increase gained momentum following the victory of crypto-friendly Donald Trump in the US presidential elections, with the largest cryptocurrency soaring by around 50% in the past 30 days.

Despite Bitcoin’s impressive rise towards $100,000 capturing traders’ attention, market sentiment indicators like the Crypto Fear and Greed Index suggest a cautious outlook. The index is currently at 94, indicating “extreme greed,” a level not seen since 2021. Some analysts are warning that such overconfidence could lead to short-term price corrections. Regardless, MicroStrategy’s bold Bitcoin acquisition strategy reflects its unwavering confidence in Bitcoin’s long-term value.