MicroStrategy
Bitcoin Could Hit $1M Within 10 Years, Bernstein Says as It Initiates Coverage of MicroStrategy
The broker assigned the software company an outperform rating and a $2,890 price target.
By Will CannyJun 14, 2024
MicroStrategy Proposes $500M Convertible Notes to Boost Bitcoin Stash
The Nasdaq-listed firm currently holds 214,400 BTC.
By Omkar GodboleJun 13, 2024
Metaplanet Discloses $1.6M BTC Purchase; Shares Jump 10%
The investment firm now owns 141 BTC, worth about $9.4 million.
By Oliver KnightJun 11, 2024
MicroStrategy Founder Michael Saylor Agrees to $40M Settlement in D.C. Income Tax Case
The District of Columbia sued Saylor in 2022 for allegedly not paying income taxes while living in the district.
By Sheldon RebackJun 3, 2024
Two Big Bitcoin Catalysts Could Drive MicroStrategy Stock Gains, TD Cowen Says
MicroStrategy shares are up 89% year-to-date but TD Cowen analyst Lance Vitanza believes the software firm could end the year “meaningfully higher.”
By Helene BraunMay 6, 2024
MicroStrategy Unveils Plan for Bitcoin-Based Decentralized Identity Using Ordinals
MicroStrategy has already built one application using its service. "Orange For Outlook" integrates digital signatures into emails to enable recipients to verify the identity of the sender
By Jamie CrawleyMay 2, 2024
MicroStrategy Now Holds $13.6B Worth of Bitcoin, 1% of Total Circulating Supply: Canaccord
The broker cut its price target on the firm to $1,590 from $1,810, while maintaining its buy rating.
By Will CannyApr 30, 2024
MicroStrategy Q1 Operating Loss of $53.1M After Bitcoin Holdings Impairment Charge of $191.6M
To this point, the company has not adopted fair value accounting for its bitcoin stack, resulting in the first quarter write-down despite a major rally in prices.
By Stephen AlpherApr 29, 2024
MicroStrategy Could Merit S&P 500 Inclusion If It Adopts New Accounting Rules: Benchmark
Early adoption of new accounting standards means the company could report a gain of more than $300 per share for the first quarter and meet the remaining requirement for index inclusion, the report said.
By Will CannyApr 25, 2024
MicroStrategy Should Continue to Rally as Bitcoin Halving Nears: Benchmark
The broker raised its price target for the software company to $1,875 from $990 and maintained its buy rating on the stock.
By Will CannyApr 8, 2024