Bitcoin

<ul> 
 <li>Business intelligence company MicroStrategy (MSTR) is setting an example of how a company’s fate can be changed with a significant Bitcoin bet.</li> 
 <li>Consecutive significant rallies in MicroStrategy’s stock price came amid a robust rise in Bitcoin prices on Wednesday, with Bitcoin surging by 20% so far.</li> 
 <li>Thanks to MicroStrategy’s Bitcoin bet, it is evident that the company has achieved significant value creation for its shareholders.</li> 
</ul> 
<p><strong>Michael Saylor’s MicroStrategy stocks (MSTR) gain strength from the rise in Bitcoin: Could the stocks reach $1000?</strong></p> 
<h2 id="strong-microstrategy-stocks-rising-alongside-bitcoin-strong"><strong>MicroStrategy Stocks Rising Alongside Bitcoin</strong></h2> 
<p><img loading="lazy" decoding="async" class="alignnone size-full wp-image-133547" src="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/michael-saylor-bitcoin.webp?resize=696%2C392&amp;quality=70&amp;ssl=1" alt="michael-saylor-bitcoin" width="696" height="392" srcset="https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/michael-saylor-bitcoin.webp?w=1280&amp;quality=70&amp;ssl=1 1280w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/michael-saylor-bitcoin.webp?resize=300%2C169&amp;quality=70&amp;ssl=1 300w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/michael-saylor-bitcoin.webp?resize=1024%2C576&amp;quality=70&amp;ssl=1 1024w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/michael-saylor-bitcoin.webp?resize=768%2C432&amp;quality=70&amp;ssl=1 768w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/michael-saylor-bitcoin.webp?resize=150%2C84&amp;quality=70&amp;ssl=1 150w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/michael-saylor-bitcoin.webp?resize=696%2C392&amp;quality=70&amp;ssl=1 696w, https://i0.wp.com/en.coinotag.com/wp-content/uploads/2024/01/michael-saylor-bitcoin.webp?resize=1068%2C601&amp;quality=70&amp;ssl=1 1068w" sizes="(max-width: 696px) 100vw, 696px" data-recalc-dims="1"></p> 
<p>Business intelligence company MicroStrategy (MSTR) is setting an example of how a company’s fate can be changed with a significant Bitcoin bet. On Wednesday, February 28th, MicroStrategy (MSTR) stock price closed at $962.95, marking a second consecutive day of 10% gains.</p> 
<p>In the evening, MSTR shares saw an additional 2.85% increase, getting even closer to the $1000 level. Consecutive significant rallies in MicroStrategy’s stock price came amid a robust rise in Bitcoin prices on Wednesday, with Bitcoin surging by 20% so far.</p> 
<p>Meanwhile, MicroStrategy stock has continued to outperform Bitcoin, gaining 40% in the last five trading sessions. At the closing on Wednesday, MSTR stock had surged by a striking 273%, surpassing Bitcoin’s 168% gain.</p> 
<p>Thanks to MicroStrategy’s Bitcoin bet, it is evident that the company has achieved significant value creation for its shareholders. In a note published on Tuesday, TD Cowen analysts expressed that Bitcoin transactions would eventually benefit shareholders. They stated:</p> 
<p>“MicroStrategy represents a new type of company that generates dollar-based cash flow from business software and cloud services but effectively converts excess cash flow into Bitcoin on a leveraged basis. What began as a defensive strategy to preserve the value of reserve assets has evolved into an opportunistic strategy aimed at accelerating shareholder value creation.”</p> 
<p>At the beginning of this week, just before triggering a 20% increase in Bitcoin price rally, MicroStrategy purchased an additional 3,000 Bitcoins worth $155 million. With the recent BTC price rally, unrealized profit for MicroStrategy’s Bitcoin assets exceeded $5.7 billion.</p> 
<h2 id="strong-is-there-insider-selling-of-mstr-stocks-strong"><strong>Is There Insider Selling of MSTR Stocks?</strong></h2> 
<p>MicroStrategy’s CEO and largest investor, Michael Saylor, holds a 12% stake in the company. He also disclosed personally owning 17,732 Bitcoins in 2020. When combined, Saylor’s wealth has increased by approximately $700 million since Sunday.</p> 
<p>The latest SEC filing dated February 26, 2024, revealed that Michael Saylor, Executive Chairman and 10% Owner of MicroStrategy Inc (NASDAQ:MSTR), sold 5,000 shares of the company. The total value of these shares, priced at $765.67 per share, amounted to $3,828,350 for the transaction. This sale adds 165,000 shares to Saylor’s total sales conducted during the past year, with no recorded purchases during the same period.</p> 
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<p>The post <a rel="nofollow" href="https://en.coinotag.com/microstrategy-stocks-gain-strength-from-bitcoin-mstr-stocks-aiming-for-1000/">MicroStrategy Stocks Gain Strength from Bitcoin: MSTR Stocks Aiming for $1000!</a> appeared first on <a rel="nofollow" href="https://en.coinotag.com">COINOTAG NEWS</a>.</p>

MicroStrategy Stocks Gain Strength from Bitcoin: MSTR Stocks Aiming for $1000!

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