This year was good for crypto, but 2025 might turn out even better for the sector, according to Bitwise Asset Management.
Bloomberg Intelligence expects MicroStrategy’s stock, MSTR, to join the Nasdaq 100 index later in December, with an announcement to come as soon as this week.
MicroStrategy is currently in a critical juncture, as it is in the process of integrating into the Nasdaq 100 index. It is anticipated that the decision will be officially announced on December 13 and will be implemented on December 23. Related Reading: Justin Sun $119 Million Ethereum Sell-Off – Market Strategy Or Warning Sign? A […]
The increases partly reflect a “HODL premium” akin to MicroStrategy’s, the analysts said.
The company’s board opposed the resolution, citing Bitcoin’s purported volatility as a negative factor.
The negative vote was expected even as MicroStrategy Executive Chairman Michael Saylor tried to convince Microsoft shareholders otherwise.
Most companies were leery of Saylor’s strategy when he started amassing bitcoin back in 2020. Some are no longer skeptical.
MicroStrategy’s stock premium has benefited from a virtuous cycle in the bull market. It will eventually reverse course.
MicroStrategy, the business intelligence firm helmed by co-founder and Chairman Michael Saylor, has made headlines yet again with the announcement of a $2.1 billion Bitcoin (BTC) acquisition. Interestingly, this is the fifth consecutive Monday that the Tysons Corner, Virginia-based corporation has announced major acquisitions of the market’s leading crypto, demonstrating confidence in BTC’s prospects and price appreciation. Microstrategy’s Bitcoin Stash Surpasses Nvidia According to a filing with the US Securities and Exchange Commission (SEC), MicroStrategy purchased 21,550 Bitcoin tokens between December 2 and December 8 for an average price of $98,783 per token. Over the last four years, Saylor and his firm have amassed Bitcoin worth more than $41 billion, a move he undertook to shift the software company’s survival strategy. Saylor said in October that it would fund $42 billion over three years through a combination of at-the-market stock sales and convertible debt offers, bolstering the firm’s BTC acquisition strategy. The rate at which MicroStrategy is accumulating Bitcoin has accelerated substantially in the month since Donald Trump’s election on November 5; it took nearly a year to amass its first 100,000 coins, but just two weeks to grow its holdings from 300,000 to 400,000. This vast Bitcoin stash is now worth more than the cash reserves of computer behemoth Nvidia Corp., as well as nearly all non-financial corporations listed on the S&P 500 Index. Liquidity And Credit Concerns Despite BTC’s bullish outlook, researchers believe MicroStrategy’s method is not risk-free. In four of the last five weeks, the firm has purchased Bitcoin at an average price higher than the average market price, raising questions about the approach’s long-term viability. The company’s stock, MSTR, has increased by more than 500% this year, generating significant interest from investors, while hedge funds have begun to acquire its notes for market-neutral arbitrage methods, capitalizing on Bitcoin’s volatility. However, analysts warn that continued dependence on Bitcoin could be risky. Min Jung, a research analyst at Presto Research, pointed out that while BTC’s rising prices create a positive feedback loop—in which higher stock prices permit more fundraising for further Bitcoin purchases—this cycle is strongly dependent on the crypto’s rise. “If the market turns, the consequences could be severe,” Jung told Bloomberg. A significant drop in Bitcoin’s market value could imperil the company’s financial viability, raising liquidity and credit concerns. Outside of its major enterprise analytics software market, the company’s income creation opportunities would be restricted. Gracy Chen, CEO of cryptocurrency exchange Bitget, expressed these fears, noting that a drop in Bitcoin prices might jeopardize MicroStrategy’s ability to manage its rising debt levels. “The firm’s massive BTC holdings pose a market concentration risk,” Chen explained. “A large-scale sell-off could lead to significant price fluctuations, affecting not just Bitcoin but the wider cryptocurrency ecosystem.” At the time of writing, BTC is trading at $97,700, down 3% in the last 24 hours. Featured image from DALL-E, chart from TradingView.com
MicroStrategy, a US-based business intelligence firm, has expanded its Bitcoin (BTC) holdings as part of its corporate treasury strategy. The company announced its latest purchase of 21,550 BTC, worth approximately $2.1 billion. MicroStrategy Unfazed by Bitcoin’s Historic Price Surge In an official announcement today, the publicly-traded company had acquired an additional 21,550 BTC. This purchase […]
This latest buying spree brought the company's total holdings to 423,650 tokens worth nearly $42 billion.
MicroStrategy keeps stacking Bitcoin despite BTC hitting all-time high prices, with its co-founder Michael Saylor confident that his company will still buy it at $1 million per coin.
The year 2024 will be one for the history books for the cryptocurrency industry and, especially, for Bitcoin. After kickstarting the year with the approval of spot exchange-traded funds (ETFs), it didn’t take long before the premier cryptocurrency rode on the back of fresh institutional capital to a new all-time high. This has pretty much […]
Nasdaq-listed medical device manufacturer Semler Scientific has expanded its Bitcoin (BTC) holdings, acquiring an additional 303 BTC for $29.3 million. The company continues to double down on its MicroStrategy-inspired corporate treasury strategy. High Bitcoin Price Not A Barrier To Purchase Bitcoin made history this week by surpassing the $100,000 price level for the first time, […]
US spot Bitcoin ETFs now collectively hold more Bitcoin than is estimated to be held by the anonymous Bitcoin creator, Satoshi Nakamoto.
MicroStrategy's Bitcoin treasury is worth more than $40 billion after BTC surpassed $100,000 per coin.
In a recent interview with Fox Business, Michael Saylor, co-founder and chairman of MicroStrategy, expressed an ambitious vision for Bitcoin (BTC), predicting a substantial increase in its overall market value over the next 21 years. This forecast aligns with MicroStrategy’s ongoing strategy of intensifying its Bitcoin acquisition program, which has significantly influenced the company’s stock performance, linking it closely to Bitcoin’s price movements. Saylor Envisions Bitcoin Price Soaring To $13 Million Bitcoin has already reached a valuation of approximately $2 trillion, with its price hitting a new record of $104,000 on Thursday. However, Saylor anticipates an additional $200 trillion will be added to Bitcoin’s market cap by 2045, driven largely by global inflationary pressures. According to Saylor, many investors are moving away from traditional assets in favor of Bitcoin, viewing it as a viable global monetary asset. He asserts that as more capital flows into Bitcoin, its growth trajectory will outpace equities, gold, and real estate. Related Reading: XRP Downtrend Is Only Temporary: Analyst Gives Reasons Why Price Is Headed For $3.2 Delving into specific price predictions, Saylor posited that bitcoin could reach an astounding $13 million per coin. This would represent a 12,384% growth if Saylor’s predicted scenario comes to fruition, potentially making it the largest currency in the world. Saylor bases this estimate on an analysis suggesting that Bitcoin has historically grown at an average annual rate of 29%. This growth, he argues, could continue, leading to the projected valuation by 2045. NewsBTC previously reported that Saylor believes that Bitcoin represents only 0.1% of the global capital market, but he envisions that figure increasing to 7%. Saylor also provided a detailed analysis of Bitcoin’s growth trajectory, outlining a four-year projection with an average growth rate that might start at 44% and gradually taper down to 30%. Contrary to the perception of Bitcoin as a high-risk asset, Saylor emphasizes its potential as a safe haven for risk-averse investors, highlighting the increasing demand for security in investment choices. MicroStrategy Ramps Up BTC Acquisitions In a recent social media update, Saylor shared the company’s performance following three years of strategic Bitcoin investments. He announced that year-to-date, MicroStrategy’s treasury operations have delivered an impressive BTC yield of 63.3%, resulting in a net benefit of approximately 119,800 BTC for shareholders. At prices of $103,000 per BTC, this translates to an estimated $12.3 billion in returns for the year, positioning MicroStrategy as one of the most profitable and fastest-growing companies operating under the “Bitcoin Standard.” Related Reading: Don’t Fade Dogecoin! – Analyst Says DOGE Is About To Rally On Monday, MicroStrategy revealed that it has significantly ramped up its BTC acquisitions, surpassing the milestone of 400,000 BTC in its portfolio. The company sold 3.7 million shares of its stock, generating around $1.5 billion in proceeds immediately reinvested into Bitcoin. This marks the fourth consecutive week of Bitcoin purchases by the firm. Since November 11, MicroStrategy has invested over $13.5 billion in Bitcoin across three separate transactions, bringing its total holdings to approximately $38 billion, or 402,100 BTC, at an average purchase price of $56,658 per coin. BTC trades at $101,628 at the time of writing, recording a 6% surge in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com
Leveraged MicroStrategy ETFs attracted $3.4 billion of inflows in November, the report said.
MARA Holdings climbed on completing an $850 million offering of a zero-coupon convertible senior note.
For companies like MicroStrategy, convertible senior notes provide low-interest financing and flexible capital without diluting shareholders.
Despite a notable pause in its upward trend, Bitcoin (BTC) is approaching the landmark $100,000 mark, fueled by expectations of supportive policies for the sector from US President-elect Donald Trump. On Tuesday, the largest digital asset traded above the key $95,000 mark, acting as support for the past 24 hours. This reflects a remarkable surge of over 40% since Trump’s election victory on November 5. Could A National BTC Reserve Become Reality? Trump’s administration is expected to reverse the Biden administration’s stringent regulations on digital assets, which could significantly alter the landscape for cryptocurrencies in the US. The Republican party is already positioning crypto-friendly candidates to lead key regulatory bodies, including the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC). Related Reading: XRP Q3 Overview: Key Metrics Suggest A Bright Future For The Third Biggest Crypto Additionally, discussions within Trump’s transition team have included the potential creation of a dedicated White House position focused on digital-asset policy. President-elect Trump has voiced ambitions to establish the US as the global hub for cryptocurrency, even proposing the concept of a national Bitcoin reserve. However, analysts express skepticism about the practicality of this idea. Jaret Seiberg from TD Cowen noted that while Trump may advocate for a Bitcoin reserve in public forums, it would require significant political capital to implement, especially given his firm stance on maintaining the US dollar’s status as the world’s primary currency. Crypto advocate Paul Atkins is considered a strong candidate to replace outgoing SEC chairman Gary Gensler. The current chair officially announced his resignation last week, effective January 20, the day of Trump’s inauguration. Gensler has played a key role in enforcing compliance in the digital asset space, especially after a tumultuous 2022 that saw a significant market downturn and significant financial losses for investors following the implosion of the once Sam Bankman-led FTX exchange. Political Instability In South Korea Drives Bitcoin Prices Below $72,000 Bitcoin and other cryptocurrencies, such as XRP and Dogecoin (DOGE), have experienced notable price discrepancies in South Korea due to local political instability. Following the imposition and subsequent rescinding of martial law by President Yoon Suk Yeol, Bitcoin’s price on South Korean exchanges dipped below $72,000 at one point, reflecting heightened risk aversion among investors. Related Reading: CryptoQuant CEO Warns Not To Short XRP Due To Insider Whale Activity However, the overall cryptocurrency market has seen a staggering increase since Trump was declared president-elect, with total market capitalization rising by approximately $1.3 trillion, according to data from CoinGecko. At the time of writing, BTC is trading at $95,840, posting slight losses of 0.2%, but halting the upward trend seen over the past few months. Over the past 8 hours, attention has shifted to altcoins such as BNB, which hit a new record high, and XRP, which is trading just 20% below its all-time high. Featured image from DALL-E, chart from TradingView.com
BlackRock’s IBIT now holds 2.38% of all Bitcoin, with its latest filing showing it has 500,380 BTC on its books.
Corporate Bitcoin adoption is "going parabolic," and early birds have little to worry about when it comes to BTC price corrections.
As November concludes and December begins, business intelligence firm MicroStrategy has significantly accelerated its Bitcoin (BTC) acquisitions, slightly surpassing the milestone of 400,000 BTC in its portfolio. This purchase surge comes just over a month after the company announced ambitious plans to raise $21 billion through stock sales to fund additional Bitcoin acquisitions. $1.5 Billion From Stock Sale Into Bitcoin In the past week alone, MicroStrategy sold 3.7 million MSTR shares, generating approximately $1.5 billion in proceeds, which were promptly reinvested into Bitcoin. This marks the fourth consecutive week of Bitcoin purchases by the company. Related Reading: XRP Reaches 6-Year High – Whales And STH Accumulate Together According to Bloomberg data, MicroStrategy has approximately $11.3 billion remaining in stock issuance under its at-the-market share program. This initiative is part of a broader goal to reach $21 billion in funding through fixed-income securities by 2027. The most recent filing with the US Securities and Exchange Commission (SEC), shows that the company acquired 15,400 Bitcoin from November 25 to December 1, at an average price of about $95,976 per token. Since November 11, the company has invested over $13.5 billion in BTC in three batches, bringing its total holdings to approximately $38 billion, or 402,100 BTC as of today, at an average purchase price of $56,658 per coin. Crypto Mining Firms Shift Strategies MicroStrategy’s aggressive purchasing strategy has attracted attention from other companies looking to replicate its success. For instance, MARA Holdings, a cryptocurrency mining company, announced on Monday that it had acquired $618 million worth of Bitcoin over the past two months. The company is also pursuing a $700 million convertible senior note offering, with plans to allocate some of the net proceeds towards further Bitcoin purchases. This trend is notable, particularly as crypto mining stocks have struggled this year, especially after the Halving of Bitcoin rewards in April. Related Reading: Fantom Price Breakout: Analyst Shares Anatomy Of FTM’s 18,000% Move To $150 By 2025 This event has prompted miners like MARA to adopt a treasury strategy focused on accumulating Bitcoin rather than selling it. Despite experiencing a 44% drop earlier this year, MARA’s shares have rebounded and are currently up 8% year-to-date. Similarly, Riot Platforms, another mining company, has announced plans to temporarily halt the sale of mined BTC in order to increase its holdings after seeing its share value drop 20% this year, following a significant 59% drop in September. At the time of writing, the market’s leading cryptocurrency is trading at $95,180, down 1.6% in the 24-hour time frame. This has been a continuous pattern over the past 10 days, as the BTC price has been consolidating between $91,000 and $98,000, failing to retest its record high of $99,540 and the evasive $100,000 milestone. Featured image from DALL-E, chart from TradingView.com
An unusual BTC price reaction to MicroStrategy’s latest confirmation of increased BTC exposure accompanies the week’s first Wall Street open.
MicroStrategy announced that it bought 15,400 Bitcoin for $1.5 billion between Nov. 25 and Dec. 1.
MicroStrategy executive chairman Michael Saylor has urged Microsoft to adopt Bitcoin as part of its strategy, according to a three-minute presentation to the company’s board that was shared on X (formerly Twitter). In the presentation, Saylor positioned Bitcoin as a critical component of the next technological wave. He warned that failing to integrate Bitcoin into […]
The post Michael Saylor tells Microsoft board Bitcoin could boost its market cap by $5 trillion appeared first on CryptoSlate.
MicroStrategy’s Michael Saylor gave Microsoft a three-minute, 44-slide pitch on why it should spend $100 billion a year to buy Bitcoin.
An analyst broke down the strategy behind the aggressive Bitcoin acquisition being done by MicroStrategy which is gaining attention because of the rising price of the alpha crypto. Anthony Pompliano, Founder & CEO of Professional Capital Management, understood the mathematical reason behind the company’s investment move but also warned that any investment is exposed to […]
The goal is to create an onchain product that generates yield on Bitcoin, according to Solv’s co-founder.