US5949724083 - Common Stock
MICROSTRATEGY INC-CL A
NASDAQ:MSTR (11/20/2024, 8:00:00 PM)
Premarket: 513.77 +39.94 (+8.43%)473.83
+43.29 (+10.05%)
MicroStrategy, Inc. engages in the provision of enterprise analytics and mobility software. The company is headquartered in Tysons Corner, Virginia and currently employs 1,851 full-time employees. The company is engaged in the development of the bitcoin network through its activities in the financial markets, advocacy and technology. The company designs, develops, markets and sales its software platform through licensing arrangements and cloud subscriptions and related services. The company provides artificial intelligence-powered business intelligence, and enterprise analytics solutions. The company offers software and services designed to turn complex, chaotic data environments into rich, reliable, and convenient information feeds for its customers. Its cloud-native flagship, MicroStrategy ONE, powers some of the analytics deployments in the world for customers spanning a range of industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications and the public sector. MicroStrategy ONE provides non-technical users with the ability to directly access novel and actionable insights for decision-making.
MICROSTRATEGY INC-CL A
1850 Towers Crescent Plz
Tysons Corner VIRGINIA 22182
P: 17038488600
CEO: Michael J. Saylor
Employees: 1839
Website: https://www.microstrategy.com/en
Shares of business analytics software company MicroStrategy (NASDAQ:MSTR) jumped 15% in the afternoon session after the company announced the pricing of a new private offering of $2.6 billion in convertible senior notes due in 2029. MicroStrategy intends to use the net proceeds from the issuance to accelerate its Bitcoin purchases. When examining the relationship between MicroStrategy's stock price and the rising price of Bitcoin, it remains unclear whether the stock influences Bitcoin's improved price momentum or vice versa. However, the market's reaction suggests that optimism remains strong in light of the company's ongoing Bitcoin acquisition strategy.
How much of your portfolio should be allocated to Bitcoin? Michael Saylor thinks it should be 100%.
Bitcoin hits a new high near $94,700. Spot bitcoin ETFs launch, BlackRock contracts near $1.9 billion. MicroStrategy buys more crypto.
MicroStrategy Inc. increased the amount of convertible senior notes it plans to sell to fund the purchase of additional Bitcoin by almost 50% to $2.6 billion.
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