Why is MicroStrategy stock going down?

Why is MicroStrategy stock going down?

MicroStrategy stock continued its downward spiral Monday, dragged down by plunging Bitcoin prices and newly released filings showing that the Securities and Exchange Commission objected to how the software company accounts for its cryptocurrency holdings.

Similarly, Is MicroStrategy buying Bitcoin?

MicroStrategy also said it purchased bitcoins for $2.04 billion in cash for the first nine months of 2021, up from $425 million in the prior-year period. The company is scheduled to release its fourth quarter earnings on Feb.

How many Bitcoin has MicroStrategy? -based MicroStrategy now holds a total of 125,051 bitcoins, valued at about $4.8 billion at the current bitcoin price of $38,700.

Thereof, What is MSTR used for?

MicroStrategy is an enterprise business intelligence (BI) application software vendor. The MicroStrategy platform supports interactive dashboards, scorecards, highly formatted reports, ad hoc query, thresholds and alerts, and automated report distribution.

How much is a bitcoin MSTR?

MicroStrategy said it now holds approximately 122,478 bitcoin acquired at an average price of $29,861 per coin, an aggregate purchase price of $3.66 billion. At the time of writing, the company’s bitcoin holdings are worth about $6 billion.

How much is MSTR debt?

How Much Debt Does MicroStrategy Carry? The image below, which you can click on for greater detail, shows that at September 2021 MicroStrategy had debt of US$2.15b, up from none in one year. However, it does have US$57.0m in cash offsetting this, leading to net debt of about US$2.10b.

When did MSTR start buying bitcoin?

The company, which started buying cryptocurrency for its balance sheet in August 2020, says it now holds approximately 125,051 bitcoins, purchased for nearly $3.8 billion, or an average price of $30,200 per coin.

How many Bitcoins does Elon Musk?

Elon Musk’s Tesla holds 42,902 bitcoins, worth around $2.8 billion.

How many shares of bitcoin does MSTR own?

MicroStrategy said it now holds approximately 122,478 bitcoin acquired at an average price of $29,861 per coin, an aggregate purchase price of $3.66 billion. At the time of writing, the company’s bitcoin holdings are worth about $6 billion.

How many shares of MSTR are outstanding?

Share Statistics

Avg Vol (3 month) 3 518.45k
Shares Outstanding 5 9.25M
Implied Shares Outstanding 6 N/A
Float 8 8.45M
% Held by Insiders 1 0.00%

Is MSTR an ETF?

ETF.com Insight

MicroStrategy Incorporated Class A is a company in the U.S. stock market and it is a holding in 78 U.S.-traded ETFs. MSTR has around 951.3K shares in the U.S. ETF market. The largest ETF holder of MSTR is the First Trust Cloud Computing ETF (SKYY), with approximately 200.36K shares.

How much Bitcoin does MSTR own?

The company, which started buying cryptocurrency for its balance sheet in August 2020, says it now holds approximately 125,051 bitcoins, purchased for nearly $3.8 billion, or an average price of $30,200 per coin.

How does MSTR make money?

MicroStrategy provides business intelligence software, mobile app software and cloud-based solutions, and the firm pulls in revenue via streams such as product licensing and subscription services.

How many bitcoin does MicroStrategy own 2022?

The world’s largest corporate bitcoin holder now owns over 125,000 bitcoin, bought at an average price of $30,200 each. MicroStrategy bought 660 more bitcoin for $25 million as the price dipped below $40,000 per coin.

Who holds the most bitcoin?

Those who have the most bitcoin may surprise you. At the top of the list is Satoshi Nakamoto, the cryptocurrency’s pseudonymous developer. Research suggests that he has a war chest of as much as 1.1 million BTC, which is likely spread across multiple wallets.

How much bitcoin does Michael Saylor own?

He currently owns 17,732 BTC, which he bought at an average of $9,882 each.

Who owns the most bitcoin?

Publicly traded companies that hold bitcoin

Company Total bitcoin Bitcoin gains/losses
MicroStrategy 121,044.00 121,044 $845 million $845 million
Tesla 48,000.00 48,000 $252 million $252 million
Galaxy Digital 16,402.00 16,402 $465 million $465 million
Square 8,027.00 8,027 $73 million $73 million

• 28 janv. 2022

Is bitcoin legal in El Salvador?

In September, El Salvador became the first country to allow consumers to use the cryptocurrency in all transactions, alongside the US dollar.

How much bitcoin did Michael Saylor buy today?

MicroStrategy Inc. founder and Chief Executive Officer Michael Saylor has cemented the enterprise-software company’s position as the largest corporate owner of Bitcoin, saying it purchased $414 million more of the largest cryptocurrency during its recent swoon.

Who owns most bitcoin?

Publicly traded companies that hold bitcoin

Company Total bitcoin Bitcoin gains/losses
MicroStrategy 121,044.00 121,044 $845 million $845 million
Tesla 48,000.00 48,000 $252 million $252 million
Galaxy Digital 16,402.00 16,402 $465 million $465 million
Square 8,027.00 8,027 $73 million $73 million

• 28 janv. 2022

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