MicroStrategy stock price has dropped 27% from its highest level this year, despite Bitcoin reaching a record high. MSTR shares were trading at $390 on Dec. 6, continuing a decline that began on Nov. 21, when the stock peaked at $541. Even with this pullback, MicroStrategy remains one of the best-performing stocks this year, up over...
Michael Saylor announced a significant Bitcoin purchase by MicroStrategy shortly after pitching the cryptocurrency to Microsoft. On Dec. 2, Saylor revealed that MicroStrategy had acquired15,400 Bitcoin btc-0.43%Bitcoin for $1.5 billion, with an average purchase price of $95,976 per coin. The acquisition increased MicroStrategy’s Bitcoin holdings to approximately 402,100 BTC, valued at over $38 billion as of press time, with...
MicroStrategy’s aggressive Bitcoin acquisition strategy continues to draw sharp criticism from gold advocate Peter Schiff. In an X post on Monday, Schiff pointed out that MicroStrategy has already spent $11.5 billion of its $42 billion Bitcoin btc-0.43%Bitcoin investment plan in just over a month. He questioned the sustainability of this pace, highlighting that Bitcoin prices remain below the highly anticipated...
Prominent Bitcoin (BTC) advocate and MicroStrategy Inc. chair Michael Saylor shared a chart on Saturday, March 23 comparing Bitcoin’s performance with traditional assets like the S&P 500, Nasdaq, gold, silver, and bonds. Saylor took it as an opportunity to assert Bitcoin’s supremacy in the investment landscape. According to the chart, Bitcoin has grown 432% in that time,...
Michael Saylor’s MicroStrategy bought an additional 9,245 Bitcoins throughout this week for $623 million. The latest purchase brings their total Bitcoin holdings to 214,246, averaging a purchase price of $35,160 per Bitcoin and cumulatively spending $7.5 billion. MicroStrategy‘s significant investment places the company’s Bitcoin assets at over 1% of the entire Bitcoin market, marking an unrealized profit margin of...
