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 […]

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 […]

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 […]