How correlated is MicroStrategy stock to the Bitcoin price?
Kay Takeaways 1 in every 127 Bitcoins are owned by MicroStrategy The stock price tracks the price of Bitcoin remarkably well Despite price correlation, there are additional risks to the stock, while it violates the “not your keys, not your coins” mantra For investors unable to purchase Bitcoin directly, however, it does provide an alternative […]
Crypto Biz: Worldcoin plans to open source data, MicroStrategy preps for BTC halving, and more
This week’s Crypto Biz looks at Worldcoin’s expansion plans, GameStop’s exit from crypto, MicroStrategy’s quarterly results and Nomura’s crypto license in Dubai.This post was originally published on this site
Bitcoin-focused MicroStrategy stock has 22% upside – analyst says
TD Cowen analyst sees upside in MicroStrategy to $520. Lance Vitanza explained his bullish view in a research note. MicroStrategy stock has already tripled since the start of 2023. MicroStrategy Inc has already tripled since the start of this year but a TD Cowen analyst continues to see further upside in this stock. MicroStrategy stock […]
Crypto industry ‘destined’ to be BTC-focused due to regulators, says Michael Saylor
Key takeaways Michael Saylor believes that the crypto industry will become Bitcoin-focused. Bitcoin is trading above $26k as the market slowly recovers. Crypto industry will be BTC-focused MicroStrategy co-founder Michael Saylor believes that the cryptocurrency industry is destined to become BTC-focused. He made this statement during an interview with Bloomberg. According to Saylor, Bitcoin is the […]
$28,000 Bitcoin is in the cards, but it won’t happen without a struggle
Professional Bitcoin traders displayed strength after the BTC price corrected to $25,830, favoring further bullish momentum.This post was originally published on this site
MicroStrategy stock price more than doubles in 2023 in lockstep with Bitcoin
Bank of America and Fidelity have increased their MicroStrategy exposure in what appears to be a passive Bitcoin investment.This post was originally published on this site
Google Trends Data Shows Bitcoin Search Interest Surged This Week Amid 10-Month Price High
According to worldwide data from Google Trends, the search term “bitcoin” has reached a score of 93 out of 100 in the last seven days. Additionally, the price of bitcoin rose above the $30,000 range for the first time in ten months, or since June 2022. Bitcoin Search Interest Rises as Leading Crypto Asset Taps […]
Microstrategy Bitcoin bet turns green as BTC price climbs to 10-month high
Michael Saylor, the co-founder of the Fortune 500 company, had maintained throughout the bear market that they would continue to invest in Bitcoin as they are confident in its fundamentals. This post was originally published on this site
Microstrategy’s Bitcoin Holdings Reach 140,000 BTC After Acquiring 1,045 More Bitcoins
Nine days after publicly listed company Microstrategy purchased 6,455 bitcoins, the firm’s CEO, Michael Saylor, announced the purchase of an additional 1,045 bitcoins. The business intelligence (BI) company now holds a total of 140,000 bitcoins, worth $3.97 billion. Microstrategy Buys Another Batch of Bitcoins Microstrategy has begun acquiring bitcoin (BTC) again, after purchasing 6,455 bitcoins […]
MicroStrategy adds 1,045 BTC to bring Bitcoin stash to 140,000
MicroStrategy is the world’s largest public holder of Bitcoin. Documents show the company recently bought another 1,045 BTC for $29.3million, days after purchasing 6,455 BTC for $150 million. MicroStrategy now holds 140,000 bitcoin acquired for $4.17 billion at an average of $29,803. In MicroStrategy news today, the company has announced the purchase of an additional […]