Explore the latest developments concerning Michael Saylor's Strategy.
Michael Saylor's Strategy the Architect of New Bitcoin-Backed Fixed Income Market: Benchmark
Wall Street broker Benchmark remains bullish on Strategy (MSTR) despite the stock's recent struggles, arguing that its bitcoin-linked perpetual preferred shares give it something no other digital asset treasury can match: permanent capital.
The broker reaffirmed its Strategy buy rating and $705 price target in the Thursday report. The stock was 2% lower in early trading, around $324.
In an investor meeting hosted by Benchmark this week, Executive Chairman Michael Saylor outlined how these instruments strengthen the company’s strategy.
While other firms race to replicate Strategy’s playbook, the company’s 640,031 BTC treasury, more than twelve times the next-largest corporate holder, remains unrivaled, analyst Mark Palmer said.
Could Buying Strategy (MicroStrategy) Stock Today Set You Up For Life?
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation.
Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, personal finance education, top-rated podcasts, and non-profit The Motley Fool Foundation.
Tattoo Kit POSEIDON High Power Tattoo Gun Kit For Permanent Makeup Tattoo Machine Kit Wireless Tattoo Power Supply Tattoo Kit
Michael Saylor's MSTR Reports $3.9B of BTC Gains Last Quarter
With the third quarter now fully in the books, the original bitcoin treasury company Strategy (MSTR) reported a $3.9 billion gain on its mammoth holdings of BTC for that three month period.
Alongside, the compnay confirmed what had been teased by its Executive Chairman Michael Saylor over the weekend — that it did not add to its 640,000 stack last week — the first time since April that it did not do so.
Strategy’s average purchase price across its bitcoin holdings is $73,983 per coin. With bitcoin’s current price around $124,000 those holdings are now valued around $78.7 billion, representing roughly $31.4 billion in unrealized gains.