NASDAQ:MSTR - Nasdaq - US5949724083 - Common Stock - Currency: USD
Mizuho analyst Dan Dolev underscored that MicroStrategy’s Bitcoin buying strategy, coupled with the potential for the cryptocurrency to appreciate in price, lends the MSTR stock price a premium.
MicroStrategy’s total Bitcoin holdings now stand at 471,107, worth $47 billion, based on the current BTC price of $99,610. It has paid $30.1 billion in aggregate for its BTC purchases.
MicroStrategy Inc. bought $1.1 billion of Bitcoin, after announcing plans for the early redemption of convertible notes and approving an increase to amount of authorized common shares.
Putting money into growth stocks with a lot of potential upside can deliver life-changing returns. Three stocks that have posted monstrous returns for investors over the past two years are AppLovin (NASDAQ: APP), MicroStrategy (NASDAQ: MSTR), and Carvana (NYSE: CVNA). Investing $11,000 into each of these stocks at the start of 2023 would have generated more than a $1 million profit for you as of the end of last year.
MicroStrategy’s Bitcoin-focused strategy faces scrutiny as a report suggests potential federal taxes on unrealized crypto gains under new rules starting in 2026.
MicroStrategy Inc. shareholders voted for a 30 times increase to the number of authorized Class A common shares to help finance the company’s Bitcoin buying.
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President Donald Trump was expected to mention Bitcoin during his inauguration speech on Monday. However, that did not come to fruition, leading to Bitcoin price tumbling from its fresh all-time high.