MicroStrategy announced a strategic shift from passively accumulating bitcoin to actively managing its balance sheet to increase bitcoin per share value. The company, which holds over 818,000 BTC acquired at an average cost of $75,500 each, is now open to selling bitcoin to buy U.S. dollars or pay down debt if it benefits shareholders. This change follows a $12.5 billion net loss in Q1 due to bitcoin's price drop. MicroStrategy aims to enhance shareholder value by increasing bitcoin per share, using tactics like selling bitcoin strategically rather than adhering to a strict 'never sell' policy. The company also maintains a $2.25 billion U.S. dollar reserve to meet financial obligations and continues to acquire bitcoin, having added about 63,000 BTC year-to-date.
Shares of Strategy Inc. rose 7.5% following a surge in Bitcoin after the US and Iran announced a peace deal to end hostilities and reopen the Strait of Hormuz. This agreement boosted global risk appetite, lifting equities and lowering oil prices, whi...
The leveraged ETFs MSTX and MSTU, which aim to deliver twice the daily move of MicroStrategy (MSTR) stock, have suffered severe losses, dropping about 95% over the past year compared to MSTR's 67% decline. These ETFs use daily reset mechanics and syn...
SpaceX's $2 trillion IPO has highlighted the growing role of blockchain-based exchanges like Hyperliquid and Binance, which offered perpetual futures on SpaceX shares before the IPO. These futures, which have no expiration date, allowed traders early...
SpaceX completed its $75 billion IPO on June 12, revealing it holds 18,712 Bitcoin worth about $1.19 billion. The company acquired these Bitcoins in early 2021 when prices were below $40,000 and has since trimmed its holdings. SpaceX ranks 8th among ...
In 2026, spot Bitcoin ETFs have struggled as Bitcoin's price fell over 29%, passing losses directly to investors. In contrast, the Amplify Transformational Data Sharing ETF (BLOK), which invests in blockchain and crypto-related companies rather than ...
