All articles tagged with #mstr
Originally Published 7 months ago — by AMBCrypto
MicroStrategy's aggressive Bitcoin accumulation strategy in 2025, with over 580,000 BTC, is under scrutiny due to market volatility and macroeconomic pressures, but the company remains bullish, using its stock as a hedge and potentially increasing its Bitcoin holdings further in the second half of the year.
Originally Published 7 months ago — by Seeking Alpha
The YieldMax MSTY ETF, which employs a synthetic covered call strategy around MicroStrategy (MSTR), has paid out over $30 in distributions over the past year, resulting in a remarkable 140% trailing twelve months yield. Despite its volatility and risks tied to Bitcoin and MSTR's performance, MSTY has been a net positive investment, with its income significantly offsetting capital declines, making it an intriguing, albeit complex, income-generating vehicle for adventurous investors.
Originally Published 1 year ago — by Yahoo Finance
MicroStrategy's stock fell after completing a convertible debt offering to fund more bitcoin purchases, making it the largest corporate holder of Bitcoin. The company's Executive Chairman, Michael Saylor, remains committed to buying and holding Bitcoin, despite the cryptocurrency's recent decline from record highs. Saylor's unwavering belief in Bitcoin's long-term value has driven MicroStrategy's strategy, although skeptics point out that he personally sells shares of the company while advocating for holding onto Bitcoin.
Originally Published 1 year ago — by Bloomberg
MicroStrategy Inc. has increased its Bitcoin holdings to over 1% of the total supply with a recent $623 million purchase of 9,245 Bitcoin, following a $821.7 million acquisition last week, financed through the sale of convertible notes, as part of the company's strategy to invest in the digital currency.
Originally Published 1 year ago — by CoinDesk
MicroStrategy, now positioning itself as a Bitcoin Development Company, is raising another $500 million through a convertible debt offering to purchase more bitcoin. This comes after the recent acquisition of 12,000 bitcoins for $821.7 million, bringing their total stack to 205,000 bitcoins worth nearly $15 billion. With the current value of bitcoin at around $73,000, the company could potentially acquire around 6,800 additional tokens with the proceeds from this offering.
Originally Published 1 year ago — by Yahoo Finance
MicroStrategy reported a 6.1% decrease in fourth-quarter revenue to $124.5 million, missing the consensus estimate, with adjusted earnings of $5.62 per share. The company acquired 31,755 Bitcoin since the end of the third quarter, holding a total of 189,150 Bitcoin at an average cost per coin of $31,224.
Originally Published 2 years ago — by Seeking Alpha
MicroStrategy reported Q1 Non-GAAP EPS of $30.59, beating estimates by $30.32, and revenue of $121.62M, beating estimates by $2.58M. The company's gross profit for Q1 2023 was $94.0 million, representing a 77.1% gross margin. MicroStrategy's cash and cash equivalents as of March 31, 2023, were $94.3 million, up from $43.8 million as of December 31, 2022.