Latest news with #Strategy
Yahoo
3 hours ago
- Business
- Yahoo
Strategy vs. MARA Holdings: Which Bitcoin-Focused Stock Has an Edge?
MicroStrategy MSTR, doing business as 'Strategy,' and MARA Holdings MARA are two well-known Bitcoin-focused stocks. While Strategy is the world's largest Bitcoin treasury company, holding 592,100 Bitcoins as of June 15, 2025, MARA Holdings is a pure-play Bitcoin the most popular cryptocurrency, has been soaring due to increasing acceptance as a non-sovereign asset, as well as higher institutional and corporate adoption. Bitcoin hit an all-time high of $111,695 in May, apparently benefiting from easing trade tensions between the United States and China, as well as Moody's downgrade of U.S. sovereign debt, which reflected the digital currency's growing recognition as a store of value. The liberal policies of U.S. President Donald Trump have been benefiting Bitcoin and other crypto assets. An executive order by President Trump, which directed a working group to study and propose changes to cryptocurrency regulations, bodes well for crypto enthusiasts. In March, President Trump announced the creation of a crypto reserve, including Bitcoin, Ethereum, XRP, Solana and Cardano, which augurs well for cryptocurrency-focused stocks, including Strategy and MARA the escalating conflict between Israel and Iran, as well as the increasing chances of U.S. involvement, has aggravated volatility. Bitcoin stooped to $103,00 but recovered to trade above $106,000, lower than the all-time high, much higher than the $76,000 it registered in early April. Moreover, macroeconomic challenges, including higher tariffs, are concerning for both stocks. In the past week, MSTR and MARA shares have dropped 2.8% and 8.4%, respectively. Year to date, while MSTR shares have appreciated 27.4%, MARA has fallen 13.6%. Image Source: Zacks Investment Research Strategy or MARA Holdings, which has an edge now? Strategy benefits from increasing bitcoin yield, 13.7% as of April 28, 2025, keeping the company on track to reach the full-year target of 15%, which is now raised to 25%, and the bitcoin dollar gain target to $15 billion (up from the initial target of $10 billion). Bitcoin gains in dollar terms were $4.1 billion in the first quarter of 2025 and $5.8 billion as of April 28, company's disciplined approach to capital raising through preferred equity offerings — Strike (8% convertible preferred is trading with an effective yield of roughly 9%) and Strife (10% fixed coupon perpetual preferred) — is a key catalyst. As of April 28, 2025, MSTR raised $6.6 billion through equity offerings and $3.4 billion through fixed income ($2 billion from convertible notes, and $0.7 billion each through Strike and Strife).Strategy has issued $20.9 billion in equities and $6.4 billion in fixed-income securities as part of its 21/21 plan since Oct. 30, 2024. The company has $14.6 million remaining under fixed-income securities and $0.1 million under equities as part of the existing plan. Strategy currently plans to raise $42 billion through equity issuance and $42 billion through fixed-income securities by the end of 2027. Under the current plan, the company has $21.1 billion in equity and $35.6 billion in fixed-income securities remaining to be issued. Strategy is benefiting from growing software subscription revenues. The company benefits from continuing cloud demand with its flagship Strategy One, which powers some of the largest analytics deployments in the world. Strategy One supports varied industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications and the public sector. MicroStrategy is leveraging generative AI to automate and accelerate the deployment of AI-enabled applications across enterprises. MARA Holdings hold 47,531 bitcoins at the end of the first quarter of 2025. The company continues with its commitment to scaling operations and enhancing efficiencies. In 2024, Marathon acquired seven sites across the United States. In the third quarter of 2024, the company increased its interconnect-approved capacity by 372 MW across three Ohio data centers, positioning itself for sustained mining expansion. MARA also acquired the Hopedale and Hannibal facilities for just $270,000 per MW, significantly below the industry average of $900,000 to $1.5 million per Holdings is developing a greenfield facility in Ohio, which is expected to add 150 MW of capacity. These strategic expansions support MARA's growth and reduce reliance on third-party providers. By owning and operating more than 50% of its 1.7 GW compute capacity, the company aims to minimize operational risks and lower costs. This vertical integration aligns with MARA's objective to lead the digital asset industry while maintaining flexibility in energy sourcing and operational Bitcoin miners are facing difficulties from rising hashrate hurting margins. Per Coindesk, which cited TheMinerMag report, mining difficulty hit a record 126.98 trillion, propelled by a 14-day average hashrate of 913.54 exahashes per second (EH/s). Intensifying competition and energy costs are expected to drive production expenses above $70,000 per Bitcoin from $64,000 in the first quarter of 2025. This does not bode well for miners, including MARA Holdings' which reported energy costs per Bitcoin of $35,728 in first-quarter 2025. The Zacks Consensus Estimate for MSTR's 2025 loss is pegged at $15.73 per share, unchanged over the past 30 days. The company reported a loss of $6.72 per share in 2024. MicroStrategy Incorporated price-consensus-chart | MicroStrategy Incorporated Quote The consensus mark for MARA Holdings' 2025 loss has improved a couple of cents to $1.77 per share over the past 30 days. The company reported earnings of $1.72 per share in 2024. Marathon Digital Holdings, Inc. price-consensus-chart | Marathon Digital Holdings, Inc. Quote Both Strategy and MARA Holdings are overvalued, as suggested by the Value Score of F. In terms of Price/Book, Strategy shares are trading at 3.05X, higher than MARA Holdings' 1.37X. Image Source: Zacks Investment Research Both Strategy and MARA Holdings benefit from their policy to hold Bitcoin on their balance sheets. However, MARA's significant dependence on Bitcoin makes it a riskier stock due to growing volatility. Strategy's diversified business model (though software is a very small part of the business) offers some relief to investors in this a Zacks Rank #3 (Hold) company, has an edge compared with MARA Holdings, which currently has a Zacks Rank #4 (Sell).You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MicroStrategy Incorporated (MSTR) : Free Stock Analysis Report Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
3 hours ago
- Business
- Globe and Mail
MSTR Continues to Expand Bitcoin Holding: What's the Path Forward?
MicroStrategy MSTR, doing business as 'Strategy,' is the world's largest corporate holder of Bitcoin, which reinforced its bullish stance by purchasing 10,100 BTC for $1.05 billion, at an average price of $104,080 per coin between June 9 and June 15, 2025. This marks MSTR's second major Bitcoin purchase in June, reinforcing its aggressive treasury strategy amid market volatility driven by the Israel-Iran conflict. The company's total Bitcoin holdings have now grown to approximately 592,100 Bitcoin, which is worth more than $63 billion. Since initiating its Bitcoin strategy in 2020, MSTR stock has surged by more than 3,000%, reflecting the exponential rise in Bitcoin's price and investor confidence in the firm's bold treasury approach. Strategy now controls more Bitcoin than any other publicly traded company, solidifying its position as a pioneer in institutional crypto adoption. The recent Bitcoin purchase was financed through multiple capital-raising initiatives. The company utilized proceeds from its STRK and STRF at-the-market (ATM) equity programs, along with the $979.7 million initial public offering (IPO) of STRD preferred shares, completed on June 10, 2025. In addition to expanding its Bitcoin holdings, Strategy reported a 13.7% year-to-date yield on its BTC treasury, underscoring the strength of its long-term investment thesis. Encouraged by this performance, the company has raised its full-year 2025 targets, now aiming for a 25% BTC yield and a $15 billion total Bitcoin gain. MSTR Faces Pressure From Rising Crypto Rivals Compared to Strategy, MARA Holdings MARA and Coinbase COIN offer two distinctly different approaches to crypto exposure. MARA Holdings stands out as one of the largest Bitcoin miners, holding 47,531 BTC at the end of the first quarter of 2025. MARA Holdings combines long-term asset accumulation with operational efficiency, leveraging low-cost mining to maintain strong liquidity. Coinbase is the largest U.S.-based cryptocurrency exchange, with a well-diversified business model spanning trading, custody, staking and merchant services. Coinbase's robust regulatory standing and global infrastructure provide stability during volatile cycles. With rising crypto adoption, transaction growth and utility expansion, Coinbase is well-positioned for long-term success. Low leverage and a solid financial foundation further support its ability to scale operations and serve both retail and institutional investors effectively. MSTR's Price Performance, Valuation & Estimates Shares of Strategy have gained 27.4% year to date compared with the Zacks Computer – Software industry's return of 11.3%. MSTR shares have outperformed Coinbase and MARA Holdings. While COIN shares returned 18.9%, MARA Holdings dipped 13.6%. Image Source: Zacks Investment Research MSTR has a Value Score of F. It is currently trading at a Price/Book ratio of 3.05 compared to the sector's 9.67X. The Zacks Consensus Estimate for MSTR's 2025 loss is currently pegged at $15.73 per share, unchanged over the past 30 days. The estimate suggests a steep year-over-year decline of 134.08%. MSTR stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Zacks Names #1 Semiconductor Stock It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom. With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028. See This Stock Now for Free >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MicroStrategy Incorporated (MSTR): Free Stock Analysis Report Marathon Digital Holdings, Inc. (MARA): Free Stock Analysis Report Coinbase Global, Inc. (COIN): Free Stock Analysis Report
Yahoo
6 hours ago
- Business
- Yahoo
TD Cowen Remains Bullish on MicroStrategy (MSTR)
MicroStrategy Incorporated (NASDAQ:MSTR) is one of the 13 Crypto Stocks with the Highest Upside Potential. On June 17, TD Cowen analyst Lance Vitanza maintained a Buy rating on MicroStrategy Incorporated (NASDAQ:MSTR) with a price target of $590. The rating update came after MicroStrategy Incorporated (NASDAQ:MSTR) announced that it acquired 10,100 Bitcoins in the June 9 to June 15 period for around $1.05 billion. The average price of the Bitcoins came up to $104,080 per bitcoin, as per Strategy's 8-K filing with the US Securities and Exchange Commission (SEC). After the acquisition, the company holds 592,100 Bitcoins at an average price of $70,666, collectively valued at over $63 billion. A software engineer wearing a headset, collaborating with a remote team on a project. MicroStrategy Incorporated (NASDAQ:MSTR) spent around $41.84 billion to acquire these Bitcoins and conducted the latest acquisition using the proceeds from its preferred share offering. The company's total Bitcoin holdings now represent around 2.8% of the total Bitcoin supply of 21 million. MicroStrategy Incorporated (NASDAQ:MSTR) engages in the development of the Bitcoin network through its operations in technology, financial markets, and advocacy. It is the world's largest corporate holder of Bitcoin. While we acknowledge the potential of MSTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Business
- Yahoo
Strategy (MSTR) Acquires $1B Bitcoin on Iran-Israel Conflict
Strategy Incorporated (NASDAQ:MSTR) is one of the 13 best software stocks to buy now. On June 16, the company confirmed the addition of $1 billion worth of Bitcoin into its portfolio. The company acquired 10,100 bitcoin during the week ending June 15, as the Israel-Iran conflict continues to pressure the markets. The purchase came on Bitcoin dropping from $110,000 to a low of $103,639 on June 12. Strategy leveraged the pullback to purchase the flagship cryptocurrency as Israel continues to strike Iranian nuclear facilities, sending shockwaves in the equity markets. The purchase also came as Strategy's third bitcoin-backed preferred stock started trading on the NASDAQ on June 11. Following the purchase, Strategy's total holding now stands at 592,100 BTC, acquired for about $41.8 billion at an average price of $70.666 per coin. Strategy Incorporated (NASDAQ:MSTR) provides cloud-native, AI-powered enterprise analytics software. It is also the world's first and largest Bitcoin Treasury Company, holding Bitcoin as its primary treasury reserve asset. The company leverages its software expertise and Bitcoin strategy to explore innovation in business intelligence and applications. While we acknowledge the potential of MSTR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 12 Best Healthcare Stocks to Buy Now and 10 Stocks Analysts Are Upgrading Today. Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Alain Rhéaume Announces His Retirement as Chair of the Board of Directors of Boralex
MONTREAL, June 19, 2025 (GLOBE NEWSWIRE) -- Boralex Inc. ('Boralex' or the 'Company') (TSX: BLX) today announced that the Chair of its Board of Directors, Mr. Alain Rhéaume, has informed the Board that he will step down from his position once a successor has been appointed by the directors, no later than December of this year. Mr. Rhéaume is announcing his retirement following the release of Boralex's 2030 Strategy. The process of selecting a new Chair will be overseen by the Board's Governance Committee and must be completed no later than December 2025, at the request of Mr. Rhéaume, as he will then reach the 15-year term limit for directors in accordance with the Company's governance policies. 'In recent years, Boralex's Board of Directors has focused on the orderly evolution of the Company, including its leadership, strategic directions, and governance. We have made significant progress on each of these priorities, which are essential to our shareholders and all our stakeholders,' said Mr. Rhéaume. Under Mr. Rhéaume's leadership, Boralex has made substantial progress, including: Drawing on the succession plan implemented under the Board's supervision, the executive team has been renewed, beginning with the appointment of Patrick Decostre as President and Chief Executive Officer. The team now includes new leaders across several areas of the Company; Over the past 10 months, the Board has welcomed three new directors, enhancing the Board's broad range of skills and experience, while two others have stepped down; The objectives of the 2025 Strategic Plan have been rigorously pursued and largely achieved. The 2030 Strategy, unveiled on June 17, will ensure the continuation of Boralex's ambitious growth trajectory. 'This key milestone in Boralex's evolution, culminating in the presentation of its new 2030 Strategy, has required significant effort from both the Board and senior management. The implementation of the Company's new strategic directions will benefit from the appointment of a new Chair who can guide it over the medium term,' said Mr. Rhéaume. 'The turbulence and uncertainty of global economies present challenges that companies must adapt to, but the strong growth in energy demand and the ongoing energy transition offer significant opportunities for Boralex, which is well positioned to continue asserting itself as a leader in renewable energy,' he added. 'We express our deep gratitude for Alain Rhéaume's 15 years of service on Boralex's Board of Directors, including eight years as Chair. Alain combines sharp business acumen with unmatched governance expertise. Always available, attentive, and insightful, he consistently balances risk and opportunity with a human approach and a commitment to the greater good. On behalf of the entire Boralex team, I thank him sincerely.' 'I have greatly appreciated working with the highly dedicated and high-performing teams at Boralex, both on the Board, within management and across the organization. Together, we have helped advance this small company, born from the vision of its founder Bernard Lemaire, to a stage of development he would be proud of,' concluded Mr. Rhéaume. For more information on the Board of Directors and its governance practices, please visit the Boralex website. Caution Regarding Forward-Looking Statements Some of the statements contained in this press release, including, without limitation, those relating to the process of selecting a replacement for the position of Chair of the Board, are forward-looking statements based on current expectations, within the meaning of securities legislation. Boralex would like to point out that, by their very nature, forward-looking statements involve risks and uncertainties such that its results or the measure it adopts could differ materially from those indicated by or underlying these statements, or could have an impact on the degree of realization of a particular forward-looking statement. Unless otherwise specified by the Company, the forward-looking statements do not take into account the possible impact on its activities, transactions, non-recurring items or other exceptional items announced or occurring after the statements are made. There can be no assurance as to the materialization of the results, performance, or achievements as expressed or implied by forward-looking statements. The reader is cautioned not to place undue reliance on such forward-looking statements. Unless required to do so under applicable securities legislation, Boralex management does not assume any obligation to update or revise forward-looking statements to reflect new information, future events or other changes. About Boralex At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France's largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has increased by more than 50% to 3.2 GW. We are developing a portfolio of projects in development and construction of more than 8 GW in wind, solar and storage projects, guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, discipline, expertise and diversity, we continue to be an industry leader. Boralex's shares are listed on the Toronto Stock Exchange under the ticker symbol BLX. For more information, visit or Follow us on Facebook and LinkedIn. For more information MEDIA INVESTOR RELATIONS Camille LaventureSenior Advisor, Public Affairs and External CommunicationsBoralex Inc.438 Stéphane MilotVice President, Investor Relations and Financial Planning and AnalysisBoralex Inc.514 Source: Boralex inc.
