The company earlier on Wednesday changed its name to Strategy as its primary focus for some time has been bitcoin, not software.
The company fka MicroStrategy recorded total revenues of $120.7 million, down 3% from last year and missed estimates by about $3 million.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
"This brand simplification is a natural evolution of the company, reflecting its focus and broad appeal," the company said.
The company reports fourth-quarter earnings on Wednesday.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
S&P 500 futures slid 1.4%, Dow Jones future fell 1.2% and futures on the tech-heavy Nasdaq 100 lost 1.7%
MicroStrategy acquired around $20 billion worth of bitcoin over the past few months but did not sell any shares last week for more purchases.
Market capitalization seems to have been the dominant driver of stock price performance last year, particularly for companies with significant Bitcoin holdings. Companies such as MicroStrategy (MSTR) and Tesla (TSLA) saw their stock prices move in tandem with Bitcoin’s price appreciation. This trend has been amplified by the broader risk-on sentiment in equities, where speculative […]
The post New FASB rules make Bitcoin holdings a goldmine for corporate earnings appeared first on CryptoSlate.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
MSTR intends to use the proceeds to buy more bitcoin, of which is currently holds 471,107 BTC worth over $46 billion.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Norway’s sovereign wealth fund saw a 153% year-over-year increase in indirect bitcoin exposure in 2024, according to K33 Research.
Mizuho Securities initiated coverage on shares of MSTR with an "outperform" rating and a $515 price target.
Norway’s indirect bitcoin exposure via its sovereign wealth fund has risen to 3,821 BTC, according to K33 Head of Research Vetle Lunde.
Several investor groups are trying to ramp up their crypto activity amid the political shift under President Trump, according to Bernstein.
MicroStrategy, the enterprise software company based in Tysons Corner, Virginia, has made headlines once again on Monday by purchasing Bitcoin (BTC) for the twelfth consecutive week. This latest acquisition saw the company spend approximately $1.1 billion on the market’s leading cryptocurrency from January 21 to January 26, as disclosed in a recent filing with the US Securities and Exchange Commission (SEC). With these purchases, MicroStrategy now holds around 471,107 BTC, valued at roughly $30.4 billion, representing over 2% of the total Bitcoin supply that will ever exist. MicroStrategy Aims To Boost Bitcoin Holdings Beyond 500,000 To further finance its Bitcoin acquisition strategy, MicroStrategy has announced plans to sell $250 million in perpetual preferred stock, offering an attractive 8% fixed coupon. This stock will have a conversion price of $1,000, although details remain limited as the information is not yet public. The venture aims to bolster the company’s already substantial Bitcoin holdings, which are nearing the 500,000 BTC milestone. Related Reading: Want To Get Rich? Here’s How To Create A Coin Like XRP From Scratch—Expert MicroStrategy has employed various fundraising strategies, including at-the-market stock sales and convertible debt offerings, with a goal of raising $42 billion in capital through 2027. The company’s stock has also shown remarkable growth, surging approximately 600% over the past year, although it experienced a slight decline of about 1.4% to $348.65 in early trading on Monday. Meanwhile, Bitcoin’s price fell around 2.5% to $101,500. Authorized Shares To Support Future Capital Raises MicroStrategy also announced recently that it would redeem over $1 billion of its 0% Convertible Senior Notes due in 2027 earlier than anticipated, with a planned redemption date of February 24. This move is intended to streamline the company’s financial obligations and provide greater flexibility for future capital raises. Benchmark analyst Mark Palmer noted that this strategy would allow investors to focus on the company’s operations rather than potential financial impediments. Redeeming these notes could also pave the way for MicroStrategy to issue new convertible debt with longer maturities, enhancing its capital-raising options. The company plans to offer approximately 2.5 million shares of Series A perpetual strike preferred stock, which will be senior to its Class A common stock and provide regular quarterly dividends starting March 31. Related Reading: Bollinger Bands Tighten On XRP Daily Chart – Major Price Move Ahead? Moreover, MicroStrategy has the green light from shareholders to significantly increase its authorized shares—from 330 million to 10.3 billion for Class A common stock—enabling it to pursue further equity offerings. This decision aligns with the company’s ongoing efforts to maintain liquidity and support its ambitious Bitcoin acquisition strategy without needing to liquidate its holdings. Saylor emphasized the company’s liquidity position, asserting, “We’ve had and expect to continue to have ample access to liquidity through our capital markets activities and cash flows from operations.” The firm’s co-founder further reassured investors that the company has no intention of selling its Bitcoin to meet interest obligations, reinforcing MicroStrategy’s commitment to its cryptocurrency strategy. Featured image from DALL-E, chart from TradingView.com
In January 2024, Cramer said that bitcoin was likely topping out and called for an exit. The asset has surged more than 100% since.
MicroStrategy has announced plans to raise additional funds to expand its Bitcoin holdings through a public offering of Strike Preferred Stock (STRK), according to a Jan. 27 statement. The company aims to issue 2.5 million shares of its Series A Perpetual Strike Preferred Stock, subject to regulatory approval and prevailing market conditions. The offering’s proceeds […]
The post MicroStrategy to raise funds for Bitcoin with new perpetual preferred STRK stock offering appeared first on CryptoSlate.
Shares of Cipher Mining and Core Scientific are trading down 30%, while other miners are down about 20-25%.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
MicroStrategy has added to its bitcoin stash for 12 consecutive weeks.
Michael Saylor previously said MSTR aims to offer investors "both returns and volatility at factors of 1.5x those of bitcoin itself."
The bitcoin acquisitions follow MicroStrategy's latest sale of shares during the same period, equivalent to the same value.
MicroStrategy may have to pay up to $18 billion in realized bitcoin gains despite the firm never selling a token, WSJ reports.
On Tuesday, tech giant MicroStrategy purchased an additional 11,000 Bitcoin (BTC) for approximately $1.1 billion, as disclosed by its chair and co-founder Michael Saylor in a social media post on X (formerly Twitter). This acquisition marks the company’s 11th consecutive week of Bitcoin purchases, reinforcing its status as a significant player in the digital currency space. Saylor has been at the forefront of this strategy, positioning the enterprise software company as a leveraged Bitcoin proxy. MicroStrategy Bitcoin Holdings Surge According to Microstrategy’s filing with the US Securities and Exchange Commission (SEC), the firm acquired the Bitcoin at an average price of about $101,191 per token between January 13 and January 20. With this latest purchase, the firm now holds over 2% of all Bitcoin that will ever be mined, representing approximately $47.9 billion in total Bitcoin holdings. MicroStrategy has been funding these acquisitions through a combination of at-the-market stock sales and convertible debt offerings. Related Reading: Bitcoin Struggles For Direction Post-Trump Disappointment – What Next? The timing of this latest purchase aligns with a broader shift in the regulatory environment under President Donald Trump, who has transitioned from being a crypto skeptic to a supporter of the industry. This change is expected to create a more favorable regulatory framework for cryptocurrencies, prompting Saylor and MicroStrategy to accelerate their capital goals and Bitcoin buying efforts. Ahead of Trump’s inauguration, the firm’s co-founder even attended the first ever “Crypto Ball” in Washington on Friday, where he engaged with key figures in the incoming administration. New Shares To Support BTC Strategy In a related development, MicroStrategy shareholders voted also on Tuesday to approve a staggering 30-fold increase in the number of authorized Class A common shares, raising it from 330 million to 10.3 billion. According to a Bloomberg report, this decision, which passed with around 56% of the vote, is designed to facilitate further financing for the company’s Bitcoin purchases. Additionally, shareholders voted to increase the authorized shares of preferred stock from 5 million to 1 billion. Related Reading: Is It Time To Give Up On Ethereum Below $4,000? Analyst Weighs The Facts These amendments will take effect once MicroStrategy files the necessary certificate of amendment with the Delaware Secretary of State. The report notes that with Chairman Saylor holding about 47% of the voting power, the outcome was largely anticipated. The newly authorized shares will also be utilized for various financial strategies, including private transactions of Class A stock, sales of at-the-market equity offerings, and settling redemptions or conversions of convertible notes. However, the company has indicated that it may choose not to sell all of the additional shares. At the time of writing, Bitcoin continues to experience significant price volatility, with its price hinting at a new record high. It is currently trading at $106,400, representing a 2.5% increase in the 24-hour time frame. Featured image from DALL-E, chart from TradingView.com
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Its the 11th consecutive week of bitcoin purchases for the Michael Saylor-led company.
MicroStrategy shareholders approved two amendments to increase the number of authorized stock.
The bitcoin acquisitions follow MicroStrategy's latest sale of shares during the same period, equivalent to the same value.