After a huge post-election rally, Bitcoin (BTC -0.34%) just hit another all-time high, and is on the cusp of breaking through the $100,000 mark for the first time ever. For the year, it is now up 110%.But what if I told you that there was a crypto stock that was absolutely crushing Bitcoin's performance this year? That's right: MicroStrategy (MSTR 6.19%) is now up 462% for 2024 and is doing so on the basis of an aggressive strategy that involves buying as many bitcoins as it possibly can. So which is the be ...

Most of the stock market’s attention has been directed to cryptocurrency, the hottest and most popular niche of the technology sector today. The idea behind most decisions is that, as the price of Bitcoin keeps rallying near an all-time high of $100,000 per coin, most—if not all—of the names related to cryptocurrencies will rally along with Bitcoin. That’s the one flaw most investors are coming to realize today. For better or for worse, there is a major divide in the cryptocurrency stock universe today, eve ...

Citron Research’s Andrew Left believes the run in shares of MicroStrategy Inc MSTR is not going to end well in the near term, and he’s putting his money where his mouth is.What To Know: Left on Thursday announced a new short position in software firm turned Bitcoin BTC/USD holding company MicroStrategy, despite remaining bullish on the trajectory of Bitcoin.“$MSTR's volume has completely detached from BTC fundamentals,” the short seller said in a post on X. Benzinga has reached out to MicroStrategy for comm ...

Bubbles Always BurstHistory is littered with the memories of epic bubbles in various markets worldwide. “Tulip Mania” took the Netherlands by storm in the 17th century when tulip bulb prices exploded to extraordinary heights before crashing down to earth. In the early 1980s, the billionaire Hunt brothers, believing that inflation would run rampant, attempted to corner the market in silver by acquiring roughly 30% of the privately held silver. Silver prices soared before suffering a rapid order 50% drawdown. ...

Microstrategy (MSTR 10.05%) continues its incredible run as the company sells more debt and equity to buy more Bitcoin (BTC 2.13%). Shares were up as much as 16% in trading on Wednesday and are up 12.5% near the end of trading on Wall Street.On Monday, the company announced it had acquired 51,780 Bitcoin for approximately $4.6 billion at an average price of $88,627. On Wednesday, the company announced the pricing of $2.6 billion of 0% convertible senior notes due in 2029. The notes could convert into cash o ...

Key TakeawaysMicroStrategy shares surged again Wednesday, lifted by bitcoin's recent record-high.The technology company is the largest corporate holder of bitcoin, with about $31 billion worth in its portfolio.MicroStrategy stock is up nearly 700% this year, even outperforming bitcoin itself. MicroStrategy (MSTR) shares rocketed higher again Wednesday, as the largest corporate holder of bitcoin reaps the benefits of record high prices for the cryptocurrency.  The price of bitcoin hit a record of more than $ ...

The board of Acurx Pharmaceuticals approved Wednesday the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset. Shares of the the company were last lower by more than 6% after spiking about 8% in premarket trading."As demand for bitcoin grows, and so does its acceptance as a major and primary asset class, we believe that bitcoin will serve as a strong treasury reserve asset for cash not needed over the next 12 to 18 months" CEO David P. Luci said in a statement."Its limited supply and ...

Key TakeawaysMicroStrategy shares could remain in focus on Tuesday after soaring 13% to a new record high following news the software analytics company had purchased an additional $4.6 billion of bitcoin. Gains in the stock have accelerated since breaking out above a rectangle formation, with share turnover registering its highest level last week since going public in 1998.A bars pattern, which takes the stock’s trend higher from October 2023 to March this year and repositions it from the rectangle formatio ...

Even if you're bullish on Bitcoin, there may not be a compelling reason to invest in MicroStrategy today.To say MicroStrategy (MSTR -0.22%) is a big crypto bull would be a huge understatement. The company has invested heavily in Bitcoin (BTC -2.52%) and has continued to add to its position in recent quarters. MicroStrategy is the largest corporate holder of the digital asset today. But that doesn't mean it is content with the status quo.MicroStrategy recently said it would add even more crypto to its portfo ...

Core Viewpoint - Michael Saylor, a prominent advocate for Bitcoin, believes the cryptocurrency is poised for significant growth, potentially reaching $13 million by 2045, which represents a 16,939% increase from its current price of approximately $76,296 [3]. Group 1: Bitcoin's Performance and Predictions - Bitcoin has experienced a remarkable year, doubling in value and reaching new all-time highs, driven by the introduction of spot Bitcoin ETFs, lower interest rates, and its perception as an inflation hedge [1][2]. - Saylor forecasts an annual return of 29% for Bitcoin over the next two decades, supported by its historical annual rate of return of 46% over the past four years [4]. Group 2: MicroStrategy's Strategy - MicroStrategy plans to raise $42 billion over the next three years, with half of the funds coming from equity sales and the other half from debt, aimed at purchasing more Bitcoin [5]. - The company positions itself as a "Bitcoin Treasury Company," intending to use the additional capital to enhance its Bitcoin holdings as a reserve asset [6]. Group 3: Regulatory Environment and Market Conditions - The recent election may lead to regulatory relief for Bitcoin and the broader crypto industry, with potential changes in leadership at the SEC [7]. - Current SEC regulations, particularly SAB-121, pose challenges for banks holding Bitcoin, but the removal of such regulations could encourage more financial institutions to act as custodians for Bitcoin [8]. - Bitcoin is increasingly viewed as a hedge against inflation, with notable figures like BlackRock's CEO comparing it to gold, especially in a long-term inflationary environment [9]. - A forecasted decline in interest rates may make Bitcoin more attractive as safer assets yield less and struggle to keep pace with inflation [10]. Group 4: Market Sentiment - While the future price of Bitcoin remains uncertain, various factors are converging that could drive its price higher, indicating a potentially bullish outlook for the cryptocurrency [11].