MIAMI, Sept. 26, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading provider of thematic and leveragefocused exchange-traded funds, is thrilled to announce that its MSTX ETF (1.75X MicroStrategy ETF) has surpassed $300 million in assets under management (AUM). This milestone underscores the strong investor demand and confidence in the product's innovative approach to offering amplified exposure to MicroStrategy Inc. (MSTR), a company known for its substantial Bitcoin holdings and cutting-edge data analytics ...

It's a BIG number. Is it realistic? Although Bitcoin (BTC -0.58%) is sitting as of this writing almost 25% below its all-time high of $73,750 reached earlier this year, there are plenty of bullish crypto investors who are still convinced that Bitcoin will skyrocket over the long run. Among them is Michael Saylor, founder and executive chairman of MicroStrategy (NASDAQ: MSTR), who recently doubled down on his prediction that a single Bitcoin would be worth $13 million by the year 2045. At last report, MicroS ...

The veteran software company completed a stock split after its share price's meteoric rise. Veteran software firm MicroStrategy (MSTR 0.08%)joined several high-profile corporations, such as Nvidia, in executing a forward stock split this year. The company's 10-for-1 split occurred in August. MicroStrategy's decision to perform a stock split came on the heels of its share price skyrocketing over 100% in 2024. In fact, last October, shares were at a split-adjusted 52-week low of $30.71, but they zoomed as hig ...

Sky-high Bitcoin price predictions could be causing investors to forget about portfolio diversification. The remarkable Bitcoin (BTC 0.57%) buying spree of MicroStrategy (MSTR -2.42%) that started in August 2020 shows no signs of stopping anytime soon. On Sept. 13, the company announced another $1.1 billion in Bitcoin purchases, bringing the company's total Bitcoin holdings to $14.6 billion. The company now owns more than 1% of all Bitcoin in the world, and actually owns more Bitcoin than the U.S. governmen ...

MIAMI, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading provider of thematic and leveragefocused exchange-traded funds, is thrilled to announce that its MSTX ETF (1.75X MicroStrategy ETF) has surpassed $200 million in assets under management (AUM). This milestone underscores the strong investor demand and confidence in the product's innovative approach to offering amplified exposure to MicroStrategy Inc. (MSTR), a company known for its substantial Bitcoin holdings and cutting-edge data analytics ...

MicroStrategy Inc MSTR continues its audacious bet on Bitcoin BTC/USD, recently purchasing $1.11 billion worth of the cryptocurrency between August and September. This latest buy brings the company's Bitcoin holdings to a staggering 244,800 coins, now valued at approximately $9.45 billion. As MicroStrategy increasingly ties its fortunes to the volatile world of Bitcoin, investors are left wondering: Can the stock keep its momentum, or is a correction looming? MicroStrategy CEO Michael Saylor's commitment to ...

MicroStrategy stock saw some of the most options volume over the last 10 days Shares of crypto-adjacent name MicroStrategy Inc (NASDAQ:MSTR) are 4.2% lower today, last seen trading at $135.56, falling alongside Bitcoin (BTC). At last glance, BTC is down 2.4% at $57,803.20, but earlier fell as low as $57,628.37. Since the start of September, BTC has lost 2.1%, while MSTR is up 2.2% in the same timeframe. The latter is coming off a 23.8% weekly gain that helped stretch its year-over-year lead to 298%. Daily C ...

MicroStrategy's Big Bitcoin Bet: Risky or Genius? Why This Company's All-In on Crypto and What It Means for Investors Alfonso holds a Bachelor's degree in Economics. With his expertise in financial markets, he delivers insightful analysis and investment strategies. Off work, he enjoys playing soccer, combining his passion for sports with his financial acumen. MicroStrategy isn't your average tech company anymore. Once known for its business software, it's now a full-blown "Bitcoin development company." Led ...

Bitcoin is rising above $64,000, and MicroStrategy shares are soaring by 40% in three days in Suqian, Jiangsu Province, China, on February 29, 2024. MicroStrategy shares jumped more than 8% on Friday after founder Michael Saylor said the company purchased another $1.1 billion worth of bitcoin. The stock jumped 24% for the week and is now up 124% this year. Saylor said in a post on X that MicroStrategy's average purchase price in the four years it's been buying bitcoin is $38,585 per coin. Bitcoin is current ...

Software company MicroStrategy Inc MSTR has purchased more Bitcoin BTC/USD, continuing the company's strategy of buying the leading cryptocurrency asset. What Happened: MicroStrategy announced Friday it acquired 18,300 Bitcoin between Aug. 6 and Sept. 12. The announcement comes days after MicroStrategy Executive Chairman Michael Saylor highlighted the company's outperformance compared to all the S&P 500 companies. The software company co-founded by Saylor said the 18,300 Bitcoin were acquired for around $1. ...