Will MSTR Hit $500 After $1 Billion Earnings?
The post Will MSTR Hit $500 After $1 Billion Earnings? appeared on BitcoinEthereumNews.com.
The crypto industry has slowly yet effectively taken over global investors, and big corporations are no exception. MicroStrategy is the most prominent name in this, with the company CEO, Michael Saylor, openly advocating Bitcoin buying. Interestingly, this is fueling the MicroStrategy stock price, but the question remains whether the MSTR price can hit $500, especially with the new $1 billion arbitrage earnings. MicroStrategy Stock Price Surged 10% Today With MicroStrategy Earnings MicroStrategy has been undergoing a massive transformation with its Bitcoin buying practices. Saylor even claims that Bitcoin will become the 7% of world capital. The firm now holds 446,000 BTC, worth $42 billion at the current Bitcoin price of $96,500. This institutional buying has also significantly impacted the MicroStrategy stock price, which trades at $300.01 after a 10% surge in the last 24 hours. This surge came with MicroStrategy’s $1B arbitrage earnings, fueling investor demand. Over the past two years, Bitcoin has leveraged bets on MicroStrategy stock price performance. Just recently, Michael Saylor announced MicroStrategy’s earnings, revealing that they have sold $1.5M worth of MSTR stocks and even reinvested $1.5B to buy more Bitcoin. This has resulted in almost $1 billion in arbitrage gains, earning applause from the experts. However, despite today’s recovery, the stock price is still down 44% from its prime of $543, set in November 2024. With that, there’s a lot for this company’s stock to recover, creating concerns about its future performance. Will MicroStrategy Stock Price Hit $500 After $1B Earning? MicroStrategy’s involvement in the Nasdaq 100 list is a pushing factor for the MSTR price. The recent MicroStrategy earnings report is an addition to that, as the stock benefits from its own valuations. In simple terms, the firm raises capital and buys Bitcoin, which increases Bitcoin demand and the company’s valuation. This helps the…
Filed under: News - @ January 3, 2025 12:26 pm