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MicroStrategy adds 51,780 more bitcoins to stash for $4.6B
On Nov. 18, MicroStrategy ( NASDAQ: MSTR) sold almost 13.6M shares for net proceeds of $4.6B under its previously announced sales agreement. As of Nov. 17, ~$15.3B of shares remain for issuance and sales under the agreement.
MicroStrategy: A Smarter Bet Than Bitcoin Itself?
MicroStrategy started its Bitcoin investment strategy in 2020 to position it as a hedge asset against inflation and diversify treasury. First the bought the crypto currency at $49,874 per Bitcoin and keep averaging up to $88,627 per Bitcoin.
MicroStrategy acquired 51,780 bitcoins for about $4.6B from Nov. 11-17
In a regulatory filing earlier, MicroStrategy (MSTR) announced that, during the period between November 11 and November 17, the company
MicroStrategy Market Value Tops $100 Billion as Bitcoin Hits New High
Shares of the bitcoin holder are up 11.2% Tuesday to $427.96, continuing its rally with the stock nearly doubling since the Nov. 5 election.
MicroStrategy's $4.6 Billion Bitcoin Bet: Genius Move or Risky Gamble?
Over six days, the company scooped up 51,780 Bitcoin for $4.6 billionyes, billion bringing their total stash to a jaw-dropping 331,200 BTC. The average recent buy-in price? $88,627 per coin. But with Bitcoin now dancing around $90,
11h
on MSN
MicroStrategy Stock Continues To Climb: What's Going On?
MicroStrategy Inc (NASDAQ:MSTR) shares are trading higher Tuesday. Benchmark raised its price target after the company ...
4d
on MSN
Jim Cramer on MicroStrategy Incorporated (MSTR): ‘Why Own A Pretender When You Can Own The Real Thing, The One That’s Up Nearly 419% For The Year’
We recently compiled a list of the Jim Cramer’s Best Performers List: Top 10 Stocks. In this article, we are going to take a ...
Hosted on MSN
1d
MicroStrategy Shares Are Surging Monday: What's Going On?
MicroStrategy Incorporated (
NASDAQ
:
MSTR
) shares are trading higher Monday after the company acquired 51,780 additional ...
SchaeffersResearch.com
13h
Crypto Craze Could Reach New Levels
Both stocks are outperformers in the long term, too. COIN equity has charged 204% higher over the past 12 months, bouncing ...
13h
Billionaire Michael Saylor's Company Just Bought This Popular Cryptocurrency
Billionaire Michael Saylor's Company Just Bought This Popular Cryptocurrency was originally published by The Motley Fool The ...
MarketBeat on MSN
15h
Buying the Dip on Crypto Stocks: Only If This Happens
Investors are probably aware of the “Everything rally” that took place a few days after the United States presidential ...
14h
on MSN
5 Things to Know Before the Stock Market Opens
U.S. stock futures are moving lower on Russian tensions; Walmart shares are jumping in premarket trading after the retailer ...
Hosted on MSN
1d
MicroStrategy makes record bitcoin purchase for $4.6 billion
Investing.com - MicroStrategy Incorporated (NASDAQ:MSTR) added 52,000 bitcoins to its portfolio worth $4.6 billion over the ...
1d
MicroStrategy stock surges on its $4.6 billion Bitcoin buy
In an SEC filing Monday, MicroStrategy said that it acquired approximately 51,780 bitcoins for approximately $4.6 billion in ...
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