As institutional interest in Bitcoin soars, the crypto community grapples with fundamental questions about custody and control.
MicroStrategy news
MicroStrategy’s stock price dropped after its Q3 earnings missed estimates, while an analyst forecasts more potential volatility after the US elections.
Crypto commentators are “bullish” on MicroStrategy’s plan, predicting it will propel the company ahead of not just other public firms but countries too.
Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC.
MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.
Saylor appears to be “explicitly arguing for a regulatory capture approach to protecting crypto,” which was not what it is about, said Buterin.
Benchmark analyst Mark Palmer has raised his price target for MSTR stock to $245 per share from $215.
The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife.
MicroStrategy is up over 1,500% since 2020, while the S&P 500 index rose just over 111% during the same four-year period.
Metaplanet has already doubled its Bitcoin holdings this month across four purchases totaling over 450 Bitcoin.