Benchmark Starts MicroStrategy (MSTR) at Buy, 'Timely Play on Upcoming Bitcoin Halving'

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Microstrategy (MSTR) initiated with buy rating at Benchmark on $125k Bitcoin forecast

February 27, 2024 12:53 PM EST

Microstrategy, Inc. (NASDAQ: MSTR) was initiated with a Buy rating and $990 per share price target at Benchmark in a note to clients from the firm on Tuesday.

They stated the stock is a timely play for the upcoming Bitcoin halving. The firm's price target for the stock is based on its assumption that the price of bitcoin will reach... More

Bitcoin clears $56k as spot ETFs see sustained inflows

February 27, 2024 4:43 AM EST

Investing.com-- Bitcoin prices rose past key levels on Tuesday, boosted largely by signs of sustained capital inflows into spot exchange-traded funds which were launched earlier this year.

The worlds largest cryptocurrency jumped nearly 10% to $56,256.9 by 21:48 ET (02:48 GMT), trading at its highest level in more than two years. The token was now less than $14,000 away from a lifetime high hit during a bull run in late-2021.

World no.2 crypto Ethereum rose 3.6% to $3,217.48- its highest level since early-2022.

Gains in... More

Microstrategy, Inc. (MSTR) option implied volatility amid trending rally

February 27, 2024 4:38 AM EST

Microstrategy, Inc. (NASDAQ: MSTR) 30-day option implied volatility is at 95; compared to its 52-week range of 55 to 104 as Bitcoin trades above $56,500.

... More

MicroStrategy (MSTR) buys 3,000 Bitcoin for $155 million

February 26, 2024 8:41 AM EST

Michael Saylors MicroStrategy (NASDAQ: MSTR) has purchased an additional 3,000 Bitcoins for approximately $155 million, with an average price of $51,813 per Bitcoin, the securities filings showed on Monday.

The companys shares rose more than 1.8% in premarket trading.

As of February 25, 2024, MicroStrategy now possesses 193,000... More

Microstrategy (MSTR) acquires approximately 3,000 more bitcoins

February 26, 2024 8:07 AM EST

Microstrategy, Inc. (NASDAQ: MSTR) disclosed:

Bitcoin Holdings Update

On February 26, 2024, MicroStrategy Incorporated (MicroStrategy) announced that, during the period between February 15, 2024 and February 25, 2024, MicroStrategy, together with its subsidiaries, acquired approximately 3,000 bitcoins for approximately $155.4 million in cash, at an average price of approximately $51,813 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were... More