Why Is GameStop (GME) Stock Rocketing Higher Today Shares of video game retailer GameStop (NYSE:GME) jumped 8.1% in the afternoon session after CEO Ryan Cohen shared a photo with Michael Saylor, co-founder and chairman of MicroStrategy, the largest corporate holder of Bitcoin. The post has sparked speculation that GameStop may be planning a move into…
On Monday, MicroStrategy (MSTR) will be included in the Nasdaq 100 stock market index. It’s a stunning achievement for the now infamous Bitcoin treasury company, which faced an “existential risk” of death four years ago, and whose initial bitcoin purchase was made “out of desperation” in 2020, said its chairman and co-founder Michael Saylor last…
(Bloomberg) — MicroStrategy Inc. (MSTR) bought another $2.1 billion in Bitcoin while its combination of equity and fixed-income securities sales to finance the rapidly increasing acquisitions draws increased scrutiny. Most Read from Bloomberg It was the fifth consecutive Monday that the Tysons Corner, Virginia-based firm announced purchases of the digital asset. Co-founder and Chairman Michael…
Bitcoin Is Dead, Long Live BItcoin Binance Shortly following the announcement of President-elect Trump’s pick of Paul Atkins for the SEC Chair on Wednesday December 4, 2024, the price of bitcoin smashed the $100,000 barrier to new all time highs (ATHs). Commenting on the appointment in his announcement on social media platform Truth, president-elect Trump…
MicroStrategy (MSTR) stock was on another wild ride early Thursday, rising as much as 11% before forfeiting a chunk of those gains after short seller Citron Research said it had taken a new bet against the stock, which has gained over 600% this year. MicroStrategy stock has soared more than 80% since crypto-friendly President-elect Donald…
“MicroStrategy shareholders are a unique cohort. Typically, when shareholders get diluted, this is a bad thing,” said James Van Straten, senior analyst at CoinDesk. “However, as a MicroStrategy shareholder, I celebrate being diluted as I know MicroStrategy are going out and buying bitcoin, which increases the bitcoin per share as a company which is accretive…