Time Aktie
WKN DE: A11312 / ISIN: US8872281048
17.08.2024 19:31:00
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Think It's Too Late to Buy MicroStrategy? Here's the Biggest Reason Why There's Still Time.
MicroStrategy (NASDAQ: MSTR) shares have doubled in 2024 and more than tripled over the last 52 weeks.When Bitcoin (CRYPTO: BTC) jumps, MicroStrategy soars; the enterprise software specialist has transformed into a Bitcoin manager on steroids. The correlation between this stock and Bitcoin prices has been similar to the statistical link between the S&P 500 and Dow Jones Industrial Average market indexes in the last three years.MicroStrategy owns 226,500 Bitcoin nowadays, worth $13.4 billion at today's Bitcoin prices. It only has $67 million of cash equivalents on hand, the rest of its cash reserves being converted into Bitcoin. The strategy includes investing fresh software-business cash flows into more Bitcoin holdings, taking on new debt, and selling stock on the open market to finance further cryptocurrency buys.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

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