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MSTR

Waiting RoomThe $100k BTC mark has been a mythological target for crypto traders for a very long time. It felt so near back in 2021, yet proved to be so far. In the end, we even went below $20k again before going back up this year. When you are reading this, 1 Bitcoin might well already be worth over $100,000. But for now, over the past 24h, it has continued to remain tantalisingly close to the magic number. Crossing this price point would be yet another major milestone in a year that has already seen the approval of Bitcoin and Ethereum ETFs. It is now a waiting game. Once that $100k threshold will be inevitably crossed, all eyes will be set on what is next. Of course, as usual in moments of euphoria, crypto bulls compete with each other to set ever higher price targets. Will MIL:1M be the next one? Or is $500k already big enough? Many Bitcoiners will argue that the next target is gold Market Cap parity. After all, Bitcoin claims to be the digital gold with all of gold's benefits such as scarcity but with far easier movability and programmability on top. Gold's current market cap is $18 trillion. Bitcoin's market cap in the meantime is at around $2 trillion. The potential upside if this thesis plays out still seems juicy, particularly for traditional funds and investors who value Bitcoin's 'established' status as macro asset. One of the main characters in the current market environment remains Michael Saylor, founder of Microstrategy (MSTR). Microstrategy is a legacy tech company that had seen its previous all-time high before the dotcom bubble burst in 2000. Since starting to accumulate Bitcoin in 2020, Michael Saylor has turned MSTR into a leveraged proxy for the Bitcoin price. Over the years, Microstrategy has sold additional shares and then used the proceeds of those sales to purchase Bitcoin. In addition, the company issues convertible debt offerings at 0% interest and uses the funds to buy more Bitcoin. These offerings are appealing to institutional investors because they offer exposure to Bitcoin while limiting the downside risk. The company's 2027 convertible bond, which also has 0% interest rate, trades 200% over par. MSTR's stock as well as its convertible bonds are now proxies of Bitcoin exposure. Microstrategy's Bitcoin holdings now stand at 331,200 BTC, worth $30.4 billion. This is almost 1.6% the entire Bitcoin supply. Meanwhile, the company's market cap is at $80 billion, showing a more than 2x premium over the company's Bitcoin holdings. Many traders of course are deeply sceptical about this setup. Too much post-traumatic stress from the 2022 blowup not just of Luna/Terra but also of the Grayscale trade remains. For those who do not remember, the Grayscale Bitcoin fund was a pre-ETF Bitcoin fund that was open to traditional investors. It was essentially a proxy for holding Bitcoin. For years, it traded at a premium.  Funds, such as Three Arrow Capital, would leverage up on Bitcoin, deposit into the fund and then sell fund shares at a premium. But when the premium flipped negative in 2021, it signalled the beginning of the end for many overleveraged funds and traders. The case of MSTR seems somewhat different, but traders should watch the amount of leverage at play and which direction the MSTR premium over Bitcoin will go for an indication of the market cycle.  Whichever way this goes, it certainly does fill like the markets still have room to run. So for now we all remain in the $100,000 Waiting Room. It should not be much longer from here.
Long
by Coinrule
MicroStrategy’s $31.2 billion (net of $4.2 billion debt) $BTC MicroStrategy’s stock price typically reacts more aggressively than the price of bitcoin due to: Leverage: The company’s strategy effectively acts as a leveraged bet on bitcoin due to its financing structure. Investor Sentiment: Rising bitcoin prices boost enthusiasm for MicroStrategy’s strategy, often driving its stock price higher by a multiple of bitcoin's price increase. Given MicroStrategy’s past correlation to bitcoin price increases, the stock could see a higher-than-50% surge, potentially amplifying the company’s market capitalization far beyond the proportional increase in bitcoin prices. Value of Bitcoin Holdings: Current Bitcoin Holdings: 279,420 bitcoins Value at $100,000/Bitcoin: $27.942 billion Value at $150,000/Bitcoin: $41.913 billion This is a $13.971 billion increase in the value of its bitcoin holdings. NASDAQ:MSTR is valued at around 80 Billion +/- The strategy depends on a buoyant market for bitcoin and irrational enthusiasm for MicroStrategy’s stock.
NASDAQ:MSTR
by TwoBULLISH
1-2-1-2 $mstr Microstrategy Playing outFixed wave targets for later waves vs. prior post. Self-explanatory - Elliot Wave, Nested 1-2's for MSTR - Time isn't accounted for in future waves... but assume through bitcoin cycle late into next year Chart annotation shows bullish but we are in Wave 4 to at least 280, as low as 100 but given the bullishness of the market expect between 180-280 before next move up... lower she goes pulls end targets lower... analysis assumed .236 - .38 retracements for remaining 4's and 5's. Wave 5 targets were .68 of wave 3... The deeper the wave 4's the lower the 5 targets will be
NASDAQ:MSTRLong
by foreignTortois46123
MSTR Alert: Trend Reversal Sparks October Rally!The NASDAQ:MSTR chart has just triggered a weekly signal, marking the first time we’ve seen a reversal signal alongside a fresh trend signal right at the range lows. The trend appears healthy, and if October mirrors the previous months, I expect a rise in the crypto markets. While I'm not overly optimistic about Bitcoin's price movements just yet, I’ll be satisfied as long as it finishes the month positively. A valid reclaim of $150 would lend significant strength to the uptrend. Invalidation is set at $119, so manage your risk wisely. For take-profit areas, consider $270 and $540 once the upward movement begins. Keep in mind that ETF flows have been zero or negative, while NASDAQ:MSTR has been purchasing an average of $70M in BTC daily over the past week. MicroStrategy typically buys during bear markets or significant retracements. The key thing to watch now is how the market reacts once this buying subsides.
NASDAQ:MSTR
by ZelfTrade
Market Snapshot - MSTR is a monster + NVDA earnings and HedgingNVDA beat top and bottom estimates after market today. Due to it's 3.58T market cap, let's see where the SPY/QQQ are trading Thursday post NVDA earnings. MSTR making headlines as one of the top traded stocks (behind NVDA) and it continues to surge and even outperform BTC in a big way - great gains but be careful of the rocket ship runs because they tend to end violently. I also spend time reviewing my full watchlist in stocks, options, futures, and forex. Thanks for watching!!!
SP:SPX
by ChrisPulver
1
MSTR: Is there any value here?MicroStrategy Incorporated ( NASDAQ:MSTR ) has a current BTC balance of 252,220, with plans released during the October ‘24 earnings call to issue both $21 billion in equity and $21 billion in debt to finance further BTC purchases through 2026. The question becomes, is there value here? If the price of MSTR becomes increasingly dependent on the price of BTC, then why not just buy the underlying asset? The latter can likely already be answered. The price is entirely dependent. As noted in the company’s earnings call and outlined in the excerpt from the CoinGeek article below, MSTR’s software business has taken a backseat as the company has completely shifted its focus toward its BTC plan. “On October 30, MicroStrategy released its Q3 financial report card, revealing a sharp decline in revenue from its (formerly) core business intelligence software business, while expenses and net losses saw significant increases. Software revenue for the three months ending September 30 fell 10.3% year-on-year, while the rising costs of that revenue resulted in a net loss of $18.5 million.” During the call, Executive Chairman Michael Saylor insisted that MSTR is not purely a BTC proxy. Looking at the price performance for the past year, you can see that MSTR has outperformed BTC by a multiple greater than 4. As markets tend to do, this is likely the pricing in of future acquisitions. Unlike ETPs (or people, for that matter), MSTR has placed itself in a unique position, with the ability to utilize the various avenues of capital markets to increase its holdings. While this is fundamentally opportunistic, the increase in shares dilutes existing shareholder ownership, reducing their proportional share of MSTR's overall equity. However, given the long-term potential appreciation of BTC, the value of the underlying asset may offset this dilution, ultimately providing greater returns despite the increase in outstanding shares. This is no different than any other growth-oriented company, albeit Apple, NVIDIA, etc., actually produces something. If the price of the underlying asset goes down, this further decreases the BTC value per share, leading to a potential point of clarity for shareholders asking themselves, “why not just own the underlying asset?” Looking ahead, I do think MSTR provides a unique opportunity. Inevitably, given the scenario described above, the stock will continue to face elevated volatility (something that the company has noted as a positive). Given future declines in the price of the underlying asset (presumably in 2026 and 2027), this allows MSTR to accumulate more BTC, reducing its cost basis and optimistically allowing investors to enjoy increased volatility to the upside yet again.
NASDAQ:MSTR
by PeakInvestmentStrategies
2
MSTR - 2024's Best High Beta PlayAfter entering NASDAQ:MSTR at $200 in January of 2023, it is evident that MicroStrategy shines as the ideal stock to generate profit day after day. Given its high beta nature and volatility based on Bitcoin's movement, we can price NASDAQ:MSTR in a manner that is fixed to Bitcoin's price. The reasoning is that MicroStrategy believes, and has believed, that CRYPTOCAP:BTC is the most appropriate store of value now and in the future. It appears that they may be correct. I am anticipating NASDAQ:MSTR to surpass $1750-1775 and reach $2,000. CRYPTOCAP:BTC should hit $75,000 at that point. This is where I will decide to sell off some shares in anticipation of a price correction down to $800-$1250 per share of $MSTR. At this time, I believe Bitcoin will fall to 52K to 55K. It should, in order to make sense, considering liquidity in the market. As of 3/13/2024, it costs $42,000-$47,000 USD to mine 1 CRYPTOCAP:BTC , based on the average cost of electricity globally. I believe we will see a very common "sell the news" event come April prior to, or during, the halving. Bitcoin will correct. The halving will double the complexity to mine one Bitcoin, which will push the electricity cost to the range of $84,000-$95,000 USD. This will be the next gap up, and Bitcoin will continue to reach historical highs. Stay tuned.
NASDAQ:MSTRLong
by Terrapins
7
Opening (IRA): MSTR Dec 20th 75/155 Short Put Vertical... for a 5.43 credit. Comments: High IVR/IV at 61.1/113.9. Doing something a little different here, selling the 10 delta short put and buying a put that cuts BPE in about half over doing a naked. Going low delta because, well, the underlying kind of scares the poo out of me. Metrics: Buying Power Effect: 74.57 Max Profit: 5.43 ROC at Max: 7.28% 50% Max: 2.72 ROC at 50% Max: 3.64 Compare: Dec 20th 155 Short Put (Cash Secured) BPE: 148.30 Max Profit: 6.65 ROC at Max: 4.48% Will generally look to take profit at 50% max.
NASDAQ:MSTRLong
by NaughtyPines
MicroStrategy's Bullish Run: A Closer LookMicroStrategy, a business intelligence company, has been making significant strides in the cryptocurrency market, particularly with its substantial Bitcoin holdings. The company's market capitalization is inching closer to that of Coinbase, a major cryptocurrency exchange. This surge in valuation has sparked interest and speculation among investors and analysts alike. A Strategic Bitcoin Bet MicroStrategy's aggressive Bitcoin buying strategy, spearheaded by CEO Michael Saylor, has positioned the company as a major player in the cryptocurrency space. The company's belief in Bitcoin's long-term potential as a store of value and a hedge against inflation has driven its decision to allocate a significant portion of its treasury to the cryptocurrency. This strategic move has paid off handsomely, as Bitcoin's price has soared recently. As a result, MicroStrategy's stock price has also experienced substantial growth, attracting the attention of investors seeking exposure to the cryptocurrency market without directly owning Bitcoin. Market Cap Milestone Looms With its market capitalization steadily rising, MicroStrategy is on the cusp of a major milestone: overtaking Coinbase's market cap. At the time of writing, MicroStrategy is just $3.9 billion away from achieving this feat. This would be a significant achievement for a company that was once primarily known for its business intelligence software. Factors Driving MicroStrategy's Success Several factors have contributed to MicroStrategy's impressive performance: 1. Bitcoin's Price Appreciation: The continued rise in Bitcoin's price has directly benefited MicroStrategy, as the company's Bitcoin holdings have increased in value. 2. Institutional Adoption of Bitcoin: Growing institutional interest in Bitcoin has legitimized the cryptocurrency and increased its appeal to mainstream investors. 3. MicroStrategy's Strong Balance Sheet: The company's solid financial position has enabled it to weather market volatility and continue its Bitcoin accumulation strategy. 4. Investor Confidence in Michael Saylor's Vision: Saylor's unwavering belief in Bitcoin and his ability to execute on his strategy have instilled confidence in investors. Technical Analysis: A Bullish Outlook Technical analysis of MicroStrategy's stock chart reveals a bullish trend. The stock has been forming higher highs and higher lows, indicating a strong uptrend. Additionally, the recent surge in trading volume relative to Nvidia, a tech giant, suggests increased investor interest and potential for further price appreciation. The MicroStrategy stock-to-BTC ratio has also hit an all-time high, surpassing the levels seen during the 2021 bull run. This indicates that investors increasingly value MicroStrategy's Bitcoin holdings, which could further drive the stock price higher. Potential Risks and Challenges While MicroStrategy's future looks promising, it is important to acknowledge the potential risks and challenges that could impact the company's performance: 1. Bitcoin Price Volatility: Bitcoin's price is highly volatile, and any significant decline could negatively impact MicroStrategy's valuation. 2. Regulatory Uncertainty: Changes in cryptocurrency regulations could create uncertainty and hinder the company's operations. 3. Competition from Other Bitcoin-Focused Companies: Other companies may emerge as strong competitors, challenging MicroStrategy's dominance in the Bitcoin investment space. Conclusion MicroStrategy's impressive performance and its strategic focus on Bitcoin have positioned it as a major player in the cryptocurrency market. As the company continues to execute its strategy and benefit from Bitcoin's long-term growth potential, its market capitalization could surpass that of Coinbase, marking a significant milestone. However, investors should be mindful of the inherent risks associated with cryptocurrency investments and conduct thorough research before making any investment decisions.
NASDAQ:MSTRLong
by bryandowningqln
Microstrategy Remains In The Bullish Trend; Positive For Crypto?MicroStrategy is a leading provider of business intelligence (BI) and analytics software. Founded in 1989, the company helps organizations analyze data to make informed business decisions. It's known for its robust platform that supports data discovery, predictive analytics, and mobile app. Additionally, MicroStrategy has made headlines for its significant investments in Bitcoin and both of them are still in the bullish trend. Microstrategy with ticker MSTR remains nicely bullish as expected and looks like 5th wave is in progress, which can push the price even higher with space up to 300 area, just be ware of short-term pullbacks. If that will be the case, then Crypto related stocks may cause a bullish breakout on Bitcoin as well due to their positive correlation.
NASDAQ:MSTRLong
by ew-forecast
The Power of Bitcoin: How MicroStrategy’s $MSTR Soared 1,620%MicroStrategy Inc. (NASDAQ: NASDAQ:MSTR ) has experienced a massive surge in its stock price, climbing 15.9% on Friday's market trading and an additional 5% during Monday's premarket session. The stock broke out of a rectangular chart pattern, signaling a bullish move that could potentially lead to new all-time highs. This explosive growth is underpinned by the company’s strategic bet on Bitcoin ( CRYPTOCAP:BTC ), which has not only outpaced the cryptocurrency itself but also the broader market, including tech giants like Microsoft ( NASDAQ:MSFT ), Nvidia ( NASDAQ:NVDA ), and the S&P 500. Let's dive into both the technical and fundamental factors driving this remarkable surge. MicroStrategy's Bitcoin Bet MicroStrategy (NASDAQ: NASDAQ:MSTR ) adopted a Bitcoin-centered strategy in August 2020 under the leadership of its executive chairman, Michael Saylor. This strategic pivot has yielded extraordinary results, with the stock gaining 1,620% since then. In comparison, Bitcoin itself has gained 426% during the same period, while the S&P 500 and the “Magnificent 7” tech giants, including Microsoft, Apple, and Nvidia, have lagged with gains of 73% and 243%, respectively. As of September 2024, MicroStrategy (NASDAQ: NASDAQ:MSTR ) holds 252,220 bitcoins, making it the largest corporate holder of the cryptocurrency. In a recent acquisition, the company purchased 7,420 BTC for $458.2 million at an average price of $61,750 per coin, further solidifying its bullish stance on Bitcoin. Michael Saylor has made it clear that he believes Bitcoin is the ultimate asset for long-term wealth generation. His famous quote, “The only thing better than bitcoin is more bitcoin,” encapsulates the company’s philosophy. This bold strategy has clearly paid off, as NASDAQ:MSTR has consistently outperformed both the broader market and even some of the most successful tech companies. Bitcoin Outperformance & the Broader Market What makes MicroStrategy's performance particularly notable is its stark outperformance compared to Bitcoin and other major stocks. For example, while Bitcoin’s price has increased 426% since 2020, MicroStrategy’s stock price has skyrocketed 1,620%, leveraging the company's heavy exposure to Bitcoin as a strategic asset. This outperformance can also be attributed to the broader market sentiment toward Bitcoin, which has attracted institutional investors and long-term holders like MicroStrategy. As the company continues to acquire more BTC, it positions itself as a de facto Bitcoin ETF in the eyes of traditional market participants. In addition, NASDAQ:MSTR has far outpaced Nvidia’s impressive 1,107% increase and Arista Networks' 650% rise over the same period. These gains have positioned MicroStrategy as one of the most successful stocks in the past three years. Technical Analysis From a technical standpoint, MicroStrategy (NASDAQ: NASDAQ:MSTR ) has just broken out of a rectangular chart pattern, a significant bullish signal. A rectangle formation is characterized by a period of price consolidation between clearly defined horizontal support and resistance levels. In this case, NASDAQ:MSTR had been trading within a range, reflecting indecision among traders. However, Friday’s surge confirmed a breakout above the ceiling of the rectangular pattern, signaling that the bulls have regained control. This breakout is particularly significant because it often precedes further upward movement, potentially setting the stage for a new high. The Bullish Rectangle Pattern Explained A rectangle formation typically occurs after an asset experiences an uptrend, which then consolidates as traders weigh the next move. In the case of NASDAQ:MSTR , the stock has been consolidating within a tight range as investors digested the company’s continued Bitcoin purchases and broader market conditions. With the breakout above the rectangle, it suggests that traders are once again optimistic, and the stock may be heading toward further gains. As of Monday morning’s premarket session, NASDAQ:MSTR is up 5%, reinforcing the bullish sentiment. Another key technical indicator supporting NASDAQ:MSTR ’s bullish outlook is the Relative Strength Index (RSI), which is currently at 76.76. Typically, an RSI above 70 indicates that an asset is overbought, and caution is advised. However, during periods of strong momentum, stocks can remain overbought for extended periods, particularly during significant bullish trends. Moreover, the stock is exhibiting a gap-up pattern in the price chart, which is a strong indicator of momentum. Gap-ups occur when the price of an asset opens significantly higher than its previous close, often indicating a shift in sentiment or the release of market-moving news. In NASDAQ:MSTR 's case, the gap-up is driven by its breakout from the rectangle pattern, as well as renewed enthusiasm for Bitcoin. Whale Accumulation and Bitcoin’s Influence MicroStrategy’s stock is not just benefiting from technical patterns; the underlying Bitcoin market is also providing fundamental support. Recent data shows that whale activity has intensified around Bitcoin, with large holders accumulating 2.07 billion DOGE in a single week. While this specific data pertains to Dogecoin, it underscores a broader trend of renewed interest in cryptocurrencies by large investors, which often correlates with upward price movements in both the crypto market and crypto-exposed stocks like MicroStrategy. Conclusion: MicroStrategy’s breakout from the rectangular pattern, combined with its solid fundamental footing in Bitcoin, suggests that the stock could be setting a course for new highs. The company’s Bitcoin strategy has proven to be a game-changer, with the stock significantly outperforming both Bitcoin and the broader market since 2020. As Bitcoin continues to grow in institutional acceptance and more companies adopt digital assets as part of their strategies, MicroStrategy’s long-term bullish outlook remains intact. Investors will be keenly watching for the next moves in both Bitcoin and NASDAQ:MSTR , as the stock could continue to serve as a leading indicator of market sentiment around the world’s largest cryptocurrency.
NASDAQ:MSTRLong
by DEXWireNews