Tag Archives: microstrategy

CoinspeakerCrypto Stocks Rise in Pre-market as Bitcoin Nears $52,000 and Market Cap Crosses $1T Multiple crypto stocks jumped in premarket following Bitcoin's continuous rise past the $51,000 mark as ETFs receive large inflows. Crypto Stocks Rise in Pre-market as Bitcoin Nears $52,000 and Market Cap Crosses $1T

Michael Saylor, MicroStrategy’s co-founder and executive chairman, said in a recent interview that the demand for Bitcoin coming from the recently listed spot Bitcoin exchange-traded funds (ETFs) is tenfold the supply available from natural sellers, who are miners. Saylor believes the ETFs are supporting the surge in the Bitcoin price since there is an imbalance in the crypto’s supply. Demand for Bitcoin Products is 10x the Supply In an interview with CNBC, Saylor noted that...

CoinspeakerBitcoin Spot ETFs Record Explosive Net Inflows of Nearly $500M for Yesterday as BTC Price Breaks $50,000 The inflow recorded by spot Bitcoin ETFs nearly surged to $500 million yesterday, as the price of Bitcoin hit a level not seen for 2 years. Bitcoin Spot ETFs Record Explosive Net Inflows of Nearly $500M for Yesterday as BTC Price Breaks $50,000

CoinspeakerRecently Launched Spot Bitcoin ETFs, Excluding Grayscale’s GBTC, Surpass MicroStrategy’s BTC Holdings The several spot Bitcoin ETFs excluding Grayscale Investments now hold about 192k Bitcoins compared to MicroStrategy’s 190k according to its latest quarterly report. Recently Launched Spot Bitcoin ETFs, Excluding Grayscale’s GBTC, Surpass MicroStrategy’s BTC Holdings

CoinspeakerMicroStrategy Accelerates Bitcoin Acquisition Ahead of Upcoming Halving, Now Holds 190k BTCs MicroStrategy acquired extra 850 Bitcoins for $37.2 million in January despite the poor stock performance since the beginning of the year. MicroStrategy Accelerates Bitcoin Acquisition Ahead of Upcoming Halving, Now Holds 190k BTCs

Bitcoin-bullish software company MicroStrategy (MSTR) increased its Bitcoin position again in January, bringing its total holdings to an even 190,000 BTC. Michael Saylor, the executive chairman of the company, said on Tuesday that the company acquired another 850 BTC in January for $37.2 million. That’s an average price of $43,764, slightly above today’s trading price of $43,206. According to the company’s Q4 earnings report, all of its coins together were acquired at an...

If you’re thinking about buying Bitcoin (BTC), think again: savvy investors are starting to consider MicroStrategy (MSTR) a far more appetizing trade. In a series of posts to X this week, Blockstream CEO Adam Back has argued that shares in the Bitcoin-bullish software business are trading at a massive discount relative to their underlying BTC holdings. MSTR Versus BTC: Which Is Better? MicroStrategy is owned by self-identified Bitcoin maximalist Michael Saylor, and is one of...

The new 10x’s research extends beyond MicroStrategy, highlighting that several crypto-related stocks are trading close to fair value based on BTC price. In a recent report released by 10x Research, the company has raised concerns about the overvaluation of MicroStrategy Inc (NASDAQ: MSTR) shares. The research was led by Markus Thielen, the analyst who accurately predicted this year’s Bitcoin (BTC) rally. According to him, despite MSTR’s impressive 343% surge this year, the business...

The timing aligns perfectly in 2024 for a spot ETF approval to have already attracted significant investment, and then the halving decreases Bitcoin’s supply right when demand shoots higher. After yet another banner year in 2023 with over 150% gains, all eyes are on Bitcoin (BTC) to see if the flagship cryptocurrency can sustain its epic run in 2024. Key factors stacking up in Bitcoin’s favor for the coming year have analysts extremely bullish on its prospects. From the possibility of the...

According to analysts at Bitfinex, crypto is undoubtedly gaining more traction globally. Moreover, considering the current state of the crypto market, especially with asset prices, it appears that even more global acceptance is on the way for crypto. Bitfinex analysts have made a bold prediction about the number of users that we might expect to see in the crypto industry come 2024. Their prediction, which was detailed in a recent report suggests that the number of crypto users may be...