Latest news with #StrategyInc
BusinessToday
23-05-2025
- Business
- BusinessToday
More Upside Forthcoming For Bitcoin
Bitcoin has soared to a record-breaking high of RM472,299 (US$111,881), marking a significant milestone for the world's most prominent cryptocurrency and fuelling renewed optimism in the digital asset space. Malaysian crypto exchange Luno Asia Pacific General Manager Aaron Tang said, despite the historic price surge, retail investor interest remains relatively low compared to past bull runs as indicated by the Fear & Greed Index. 'Currently, the index is at 72, indicating 'greed', which suggests there may still be room for growth if retail participation picks up,' Tang said. He shared that, unlike previous cycles, this rally is largely fuelled by strong institutional demand by big players like Strategy Inc (formerly MicroStrategy), BlackRock and Grayscale through direct Bitcoin holdings and exchange-traded funds. 'Hence, the market sentiment remains positive but not overheated,' Tang said. Related
Yahoo
27-04-2025
- Business
- Yahoo
Why Strategy Inc. (MSTR) Went Up On Friday
We recently published a list of . In this article, we are going to take a look at where Strategy Inc. (NASDAQ:MSTR) stands against other firms that led Friday's rally. The stock market ended the week stronger with all its major indices closing higher as investors repositioned portfolios ahead of more corporate earnings next week while navigating an evolving global trade environment. The tech-heavy Nasdaq surged by 1.26 percent, while the S&P 500 and Dow Jones eked out marginal gains of 0.74 percent and 0.05 percent, respectively. Meanwhile, 10 companies mirrored the broader market sentiment, ending the trading week with modest gains. In this article, we have listed the 10 top-performing stocks and detailed the reasons behind their gains. To come up with the list, we considered only the companies with a $2-billion market capitalization and $5-million trading volume. A software engineer wearing a headset, collaborating with a remote team on a project. Strategy Inc. (NASDAQ:MSTR) Strategy Inc., formerly MicroStrategy, extended its winning streak for a seventh straight day on Friday, jumping 5.24 percent to close at $368.71 apiece as investors continued to snap up shares ahead of its first quarter earnings results next week. According to the company, it is scheduled to announce its financial and operational highlights for the January-March period on Thursday, May 1, 2025, at 5 PM ET. Investors will closely watch out for the company's outlook for the second quarter and full year 2025. Friday's rally in MSTR shares was in line with higher Bitcoin prices, which, as of this writing, were up by 1.02 percent at $94,905.97 apiece. Further contributing to the sentiment were bullish comments from two analysts. Matt Hougan, a cryptocurrency forecaster, said he expects Bitcoin to reach the $200,000 mark this year, while renowned Street analyst Tom Lee stated that MSTR showed 'signs of being washed out' towards the beginning of April. The comments bode well for MSTR, which as of April 21 reportedly owned 538,220 Bitcoins. Overall, MSTR ranks 5th on our list of firms that led Friday's rally. While we acknowledge the potential of MSTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MSTR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
26-04-2025
- Business
- Yahoo
Why Strategy Inc. (MSTR) Went Up On Friday
We recently published a list of . In this article, we are going to take a look at where Strategy Inc. (NASDAQ:MSTR) stands against other firms that led Friday's rally. The stock market ended the week stronger with all its major indices closing higher as investors repositioned portfolios ahead of more corporate earnings next week while navigating an evolving global trade environment. The tech-heavy Nasdaq surged by 1.26 percent, while the S&P 500 and Dow Jones eked out marginal gains of 0.74 percent and 0.05 percent, respectively. Meanwhile, 10 companies mirrored the broader market sentiment, ending the trading week with modest gains. In this article, we have listed the 10 top-performing stocks and detailed the reasons behind their gains. To come up with the list, we considered only the companies with a $2-billion market capitalization and $5-million trading volume. A software engineer wearing a headset, collaborating with a remote team on a project. Strategy Inc. (NASDAQ:MSTR) Strategy Inc., formerly MicroStrategy, extended its winning streak for a seventh straight day on Friday, jumping 5.24 percent to close at $368.71 apiece as investors continued to snap up shares ahead of its first quarter earnings results next week. According to the company, it is scheduled to announce its financial and operational highlights for the January-March period on Thursday, May 1, 2025, at 5 PM ET. Investors will closely watch out for the company's outlook for the second quarter and full year 2025. Friday's rally in MSTR shares was in line with higher Bitcoin prices, which, as of this writing, were up by 1.02 percent at $94,905.97 apiece. Further contributing to the sentiment were bullish comments from two analysts. Matt Hougan, a cryptocurrency forecaster, said he expects Bitcoin to reach the $200,000 mark this year, while renowned Street analyst Tom Lee stated that MSTR showed 'signs of being washed out' towards the beginning of April. The comments bode well for MSTR, which as of April 21 reportedly owned 538,220 Bitcoins. Overall, MSTR ranks 5th on our list of firms that led Friday's rally. While we acknowledge the potential of MSTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than MSTR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
22-04-2025
- Business
- Yahoo
Bitcoin Surges Past $87K As Strategy Expands Holdings And Dollar Weakness Fuels Hedge Appeal
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Bitcoin (CRYPTO: BTC) jumped 3.52% on Monday to $87,348.17, extending its rebound above key resistance as institutional buying and macroeconomic tailwinds boosted sentiment across crypto markets. The coin is now up 3.9% over the last seven days and has gained 3.91% over the past month. Bitcoin's latest leg higher coincides with a fresh round of accumulation by Strategy Inc. (NASDAQ:MSTR), which disclosed it added 6,556 BTC between April 14 and April 20 for a total of $555.8 million—paying an average of $84,785 per coin. The purchase lifts MicroStrategy's total holdings to 538,200 BTC, valued at roughly $46.8 billion at current prices, and gives the company an average cost basis of $67,766 per coin. It now controls roughly 77% of the 700,000 BTC held by publicly traded firms, solidifying its role as the largest corporate holder of Bitcoin. Don't Miss: New to crypto? Get up to $400 in rewards for successfully completing short educational courses and placing your first qualifying trade on Coinbase. Trade crypto futures on Plus500 with up to $200 in bonuses — no wallets, just price speculation and free paper trading to practice different strategies. The buy was funded through two stock sale programs, with the company issuing 1.755 million shares of Class A stock and 91,000 shares of preferred stock. Net proceeds totaled $555.5 million. BTC's move above $87,000 reflects broader shifts in global macro dynamics. The U.S. Dollar Index (DXY) dropped to a three-year low of 98.00 following reports that President Donald Trump is weighing the removal of Federal Reserve Chair Jerome Powell. The political pressure on the Fed has driven speculation around interest rate cuts and helped fuel demand for safe-haven assets like Bitcoin and gold. Gold surged to fresh all-time highs above $3,400 per ounce on Monday, and traders pointed to Bitcoin's renewed correlation with gold as a signal of its reemerging hedge narrative. Crypto financial services firm Matrixport said, "a weaker dollar could draw renewed attention from American investors, highlighting bitcoin's potential as a hedge against declining dollar value." According to Coindesk, Bitcoin could face limited overhead resistance below $90,000 due to thin supply clusters in that range. It suggests that if momentum continues, BTC could push toward new highs relatively quickly before major profit-taking sets in. Market data also reflects increased risk appetite across crypto markets, with small-cap tokens like ENJ, MAGIC and SOL outperforming. Bitcoin's dominance currently sits near 54%, underscoring its role in leading broader market trends. Browse Next: Maximize saving for your retirement and cut down taxes: Schedule your free call with a financial advisor to start your financial journey – no cost, no obligation. It's no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. This article Bitcoin Surges Past $87K As Strategy Expands Holdings And Dollar Weakness Fuels Hedge Appeal originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Sign in to access your portfolio
Yahoo
12-04-2025
- Business
- Yahoo
Why Strategy Inc. (MSTR) Surged On Friday?
We recently published a list of . In this article, we are going to take a look at where Strategy Inc. (NASDAQ:MSTR) stands against other Friday's top performing stocks. The stock market finished the trading week on a positive note, wiping out earlier losses on Friday, as investors weighed the escalating trade tensions between the US and China. Having been battered this week, Wall Street's major indices all finished in the green, led by the Nasdaq, up 2.06 percent, followed by the S&P 500 with 1.81 percent, and the Dow Jones with 1.56 percent. Ten companies, predominantly under the mining and biopharmaceutical sectors, mimicked gains on the back of fresh industry catalysts that boosted buying appetite. In this article, let us explore Friday's top performers and the reasons behind their gains. To come up with the list, we considered only the stocks with a $2 billion market capitalization and $5 million trading volume. A software engineer wearing a headset, collaborating with a remote team on a project. Strategy Inc., formerly MicroStrategy, increased by 10.15 percent on Friday to end at $299.98 each, in line with investor optimism in the stock and cryptocurrency markets, both finishing in the green territory during the session. As of this writing, the price of Bitcoin was up by 5.32 percent at $83,826.15 after the White House announced that it was reviewing 15 trade deal offers from countries that submitted counterproposals with the US government. The rally in MSTR shares can likewise be attributed to bargain-hunting following Thursday's decline after the company paused purchasing Bitcoins in the first week of the month, earlier sparking concerns amid the company's usual aggressive stance on Bitcoin acquisition. Last week, MSTR received a Buy rating from TD Cowen and a price target of $550, an 83-percent upside from its latest closing price. According to TD Cowen, the upgrade was based on optimism for MSTR's $722.5-million fixed-income offer that could bolster its acquisition of more Bitcoins. Overall, MSTR ranks 7th on our list of Friday's top performing stocks. While we acknowledge the potential of MSTR as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is as promising as MSTR but that trades at less than 5 times its earnings, check out our report about this cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
