MSTR Stock Recent News

TYSONS CORNER, Va.--(BUSINESS WIRE)--MicroStrategy® Incorporated (Nasdaq: MSTR) (“MicroStrategy”) today announced that, on September 19, 2024, it completed its previously announced offering of 0.625% convertible senior notes due 2028 (the “notes”). The aggregate principal amount of the notes sold in the offering was $1.01 billion, which includes $135 million aggregate principal amount of notes issued pursuant to an option to purchase, within a 13-day period beginning on, and including, the date.

MicroStrategy's all-in Bitcoin strategy assumes that Bitcoin will generate annualized returns of 30% or more during the next two decades. MicroStrategy is using debt to buy as much Bitcoin as possible, with the assumption that it will remain the top-performing crypto.

MIAMI, Sept. 18, 2024 (GLOBE NEWSWIRE) -- Defiance ETFs, a leading provider of thematic and leverage-focused exchange-traded funds, is thrilled to announce that its MSTX ETF (1.75X MicroStrategy ETF) has surpassed $200 million in assets under management (AUM).

MicroStrategy Inc (NASDAQ:MSTR) continues its audacious bet on Bitcoin (CRYPTO: BTC), recently purchasing $1.11 billion worth of the cryptocurrency between August and September. This latest buy brings the company's Bitcoin holdings to a staggering 244,800 coins, now valued at approximately $9.45 billion.

Shares of crypto-adjacent name MicroStrategy Inc (NASDAQ:MSTR) are 4.2% lower today, last seen trading at $135.56, falling alongside Bitcoin (BTC).

Why This Company's All-In on Crypto and What It Means for Investors

MicroStrategy shares rose 8% on Friday and 24% for the week. Founder and Chairman Michael Saylor said the company added another $1.1 billion worth of bitcoin to its coffers.

MicroStrategy, once known for its business software, continues its transformation into a “Bitcoin development company” by significantly expanding its Bitcoin holdings. The company, led by Executive Chairman Michael Saylor, has acquired an additional 18,300 BTC, valued at approximately $1.1 billion, at an average price of $60,408 per Bitcoin.

Software company MicroStrategy Inc (NASDAQ:MSTR) has purchased more Bitcoin (CRYPTO: BTC), continuing the company's strategy of buying the leading cryptocurrency asset. What Happened: MicroStrategy announced Friday it acquired 18,300 Bitcoin between Aug. 6 and Sept.

MicroStrategy is a premier Bitcoin play on NASDAQ, positioned for explosive growth during the upcoming Q4 2024 crypto bull run. MSTR has outperformed nearly every S&P 500 stock since adopting a corporate Bitcoin strategy in August 2020, generating almost $5 billion in profit. The company holds 226,500 bitcoins, making it a highly leveraged Bitcoin play, with significant risk factors including Bitcoin price volatility, crypto hackers, and Michael Saylor's influence.