MicroStrategy | ForkLog

ForkLog 8 24.11.2024

Doubts Cast on MicroStrategy’s Bitcoin Strategy

MicroStrategy’s strategy of purchasing bitcoin through debt financing is unsustainable in the long term, according to Bloomberg Opinion columnist Lionel Laurent. Michael Saylor’s company has increased its market capitalization by approximately 50 times since August 2020, when it adopted the leading cryptocurrency as a reserve asset. MicroStrategy primarily uses equity and debt capital to acquire […]

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ForkLog 107 21.11.2024

MicroStrategy’s Stock Outpaces Bitcoin by Fivefold Since January

Since the beginning of the year, MicroStrategy’s shares have surged by 650.2%, while the digital gold has risen by 123.1%. These figures are provided by MSTR Tracker. Data: MSTR Tracker. The illustration also highlights MSTR’s advantage over the S&P 500 index (24.2%), Nvidia shares (194.6%), and other members of the “Magnificent Seven“. The company’s total […]

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ForkLog 7 19.11.2024

MicroStrategy to Raise $1.75 Billion for Bitcoin Acquisition

MicroStrategy plans to issue five-year senior convertible bonds worth $1.75 billion. The funds will be used for acquiring digital gold and general corporate purposes. MicroStrategy Announces Proposed Private Offering of $1.75B of Convertible Senior Notes. $MSTR https://t.co/dBJMUvfjj1 — Michael Saylor⚡️ (@saylor) November 18, 2024 The interest rate on the securities will be 0%. They will […]

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ForkLog 205 18.11.2024

MicroStrategy Acquires 51,780 BTC; MARA Secures $700 Million for Bitcoin Investments

Between November 11 and 17, MicroStrategy acquired an additional 51,780 BTC for approximately $4.6 billion, with an average purchase price of about $88,627. MicroStrategy has acquired 51,780 BTC for ~$4.6 billion at ~$88,627 per #bitcoin and has achieved BTC Yield of 20.4% QTD and 41.8% YTD. As of 11/17/2024, we hodl 331,200 $BTC acquired for […]

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ForkLog 21 12.11.2024

Tesla’s Bitcoin Holdings Surpass $1 Billion

Tesla holds 11,509 BTC valued at over $1 billion. El Salvador’s bitcoin assets exceed $500 million. MicroStrategy’s unrealized profit from bitcoin investments surpasses $10 billion. The German government missed out on $1.6 billion in profit by selling 50,000 BTC in the summer. The value of Tesla’s digital gold on its balance sheet has exceeded $1 […]

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ForkLog 14 12.11.2024

MicroStrategy Shares Hit Record High, Coinbase Reaches Peak Since November 2021

On November 11, MicroStrategy’s stock price reached a new all-time high of $351.73, marking a year-to-date growth of 438.3%. The surge was driven by a cryptocurrency market rally following Donald Trump’s victory in the U.S. presidential election. Daily chart of MSTR. Data: Finviz. MicroStrategy’s market capitalization jumped by 25.7% to $68.9 billion. According to Bloomberg […]

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ForkLog 6 11.11.2024

MicroStrategy Acquires 27,200 BTC for $2.03 Billion

Between October 31 and November 10, MicroStrategy acquired an additional 27,200 BTC for $2.03 billion, at approximately $74,463 per coin. This was announced by the company’s founder, Michael Saylor. MicroStrategy has acquired 27,200 BTC for ~$2.03 billion at ~$74,463 per #bitcoin and has achieved BTC Yield of 7.3% QTD and 26.4% YTD. As of 11/10/2024, […]

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ForkLog 13 07.11.2024

JPMorgan Affirms Bitcoin’s Growth Forecast Amid Trump and MicroStrategy Influence

JPMorgan experts express confidence in the “positive outcomes” for both the leading cryptocurrency and gold during Donald Trump’s presidency in the United States, reports The Block.

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ForkLog 24 31.10.2024

MicroStrategy Aims to Raise $42 Billion for Bitcoin Purchases

In its financial results for the third quarter, MicroStrategy reported a loss of $340.2 million and unveiled a plan to raise $42 billion to continue its bitcoin acquisition strategy. The business analytics software provider’s revenue amounted to $116.1 million, falling short of the consensus estimate by about $8 million and down 10.3% from the same […]

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ForkLog 20 25.10.2024

BitMEX Assesses the Likelihood of MicroStrategy Liquidating Bitcoin Reserves

It is deemed “extremely unlikely” that market conditions will compel MicroStrategy to sell its bitcoin reserves, according to BitMEX Research experts. MicroStrategy Bonds – When Liquidation? We look at MSTR’s outstanding bonds & look at their structure. We assess the possibility MSTR could be forced to sell Bitcoin. We argue that forced liquidations are unlikely, […]

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ForkLog 14 24.10.2024

Michael Saylor Advocates for Bitcoin Self-Custody Amid Criticism

Michael Saylor, the founder of MicroStrategy, has expressed support for non-custodial storage of cryptocurrencies. This is presumably in response to criticism from the community following a recent interview. I support self-custody for those willing & able, the right to self-custody for all, and freedom to choose the form of custody & custodian for individuals & […]

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ForkLog 33 11.10.2024

Michael Saylor Envisions MicroStrategy as a $1 Trillion Bitcoin Bank

MicroStrategy’s ultimate ambition is to transform into a leading bitcoin bank with a market valuation of $1 trillion, according to the company’s founder, Michael Saylor, in an interview with Bernstein, as reported by The Block. The business analytics software provider began acquiring the first cryptocurrency for its balance sheet in August 2020. Its latest purchase […]

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