MicroStrategy Stock News

Shares of crypto-adjacent name MicroStrategy Inc (NASDAQ:MSTR) are 4.2% lower today, last seen trading at $135.56, falling alongside Bitcoin (BTC).

Why This Company's All-In on Crypto and What It Means for Investors

MicroStrategy shares rose 8% on Friday and 24% for the week. Founder and Chairman Michael Saylor said the company added another $1.1 billion worth of bitcoin to its coffers.

MicroStrategy, once known for its business software, continues its transformation into a “Bitcoin development company” by significantly expanding its Bitcoin holdings. The company, led by Executive Chairman Michael Saylor, has acquired an additional 18,300 BTC, valued at approximately $1.1 billion, at an average price of $60,408 per Bitcoin.

MicroStrategy is a premier Bitcoin play on NASDAQ, positioned for explosive growth during the upcoming Q4 2024 crypto bull run. MSTR has outperformed nearly every S&P 500 stock since adopting a corporate Bitcoin strategy in August 2020, generating almost $5 billion in profit. The company holds 226,500 bitcoins, making it a highly leveraged Bitcoin play, with significant risk factors including B...

Software firm MicroStrategy acquired bitcoin worth $1.11 billion between Aug. 6 and Sept 12, boosting its total holdings of the world's biggest cryptocurrency to roughly $9.45 billion.

Cloudflare is still expanding its cloud-based CDN and security platforms. MicroStrategy is becoming an all-in bet on Bitcoin.

Bitcoin and other crypto-related stocks shook off economic and political news this week they might have otherwise not responded as well to. Barclays recently initiated MicroStrategy with an overweight rating.