MicroStrategy

MicroStrategy (MSTR) transformed from a traditional business intelligence software company into the world's largest corporate Bitcoin holder under the leadership of Executive Chairman Michael Saylor. Beginning in 2020, the company adopted Bitcoin as its primary treasury reserve asset and has amassed over 500,000 BTC, making it the largest corporate holder of bitcoin globally. This groundbreaking corporate strategy has turned MSTR stock into a leveraged Bitcoin play for institutional investors.

The MicroStrategy model has influenced dozens of companies worldwide to add Bitcoin to their reserves, fundamentally changing how corporations view treasury management and inflation hedging. The company's approach combines debt financing, equity raises, and convertible bonds to acquire Bitcoin, creating what Saylor calls "digital capital" that appreciates faster than traditional treasury assets while serving as a hedge against currency debasement.

At CoinDesk, we provide comprehensive MicroStrategy news covering the company's Bitcoin acquisition strategy, stock performance, and its influence on corporate Bitcoin adoption. Our reporting tracks MSTR's quarterly Bitcoin purchases, financial engineering tactics, regulatory developments affecting corporate crypto holdings, and the broader implications for traditional companies embracing cryptocurrency treasuries.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Finance

MicroStrategy Takes $24M Q2 Charge on Multibillion-Dollar Bitcoin Haul

The software firm reported its second-quarter earnings after the close on Tuesday.

By Nelson WangAug 1, 2023

Markets

Bullish MicroStrategy Analysts Raise Price Targets Ahead of Q2 Earnings

A TD Cowen analyst views MicroStrategy as “an attractive vehicle for investors looking to gain bitcoin exposure."

By Helene BraunJul 31, 2023

MicroStrategy's Michael Saylor is all smiles after the FASB rule change (Joe Raedle/Getty Images)

Finance

Arkham Intel Exchange Shows 11 Submissions Since Debut Including Finding Elon Musk’s Wallet

Some bounties that have received a submission include identifying an address owned by MicroStrategy with over 10,000 BTC volume.

By Sage D. YoungJul 21, 2023

Markets

Bitcoin April 2024 Forecast Raised to $56.6K: Berenberg

The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.

By Will CannyJul 12, 2023

Finance

MicroStrategy Only Needs to Liquidate Bitcoin in Extreme Price Corrections: Bernstein

A more robust bitcoin price means the company has a stronger balance sheet, a higher share price and easier debt repayment without the need to sell down its cryptocurrency holdings, the report said.

By Will CannyJul 12, 2023

Michael Saylor (Anna Baydakova/CoinDesk)

Markets

Coinbase, Microstrategy Shares Rally After Cboe Refiles Bitcoin ETF Applications

Shares in Coinbase, chosen as the market for the surveillance-sharing agreements in ETF applications, rose above $80 at around 11:30 ET on Monday.

By Jamie CrawleyJul 3, 2023

Videos

Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin

MicroStrategy, which was founded by crypto billionaire Michael Saylor, bought 12,333 bitcoin (BTC), for $347 million in cash, between April 29 and June 27, the company said on Wednesday. The firm now holds 152,333 bitcoin, worth over $4.6 billion at current prices with the most recent purchases. "The Hash" panel discusses the company's ongoing bitcoin bet.

Jun 28, 2023

Finance

Michael Saylor's MicroStrategy Now Holds Over $4.6B Worth of Bitcoin

The firm bought over 12K bitcoin for $347 million in the last two months.

By Parikshit MishraJun 28, 2023

Michael Saylor, executive director, MicroStrategy (Marco Bello/Getty Images)

Videos

Michael Saylor Says Crypto Industry Destined to Be Bitcoin Focused After SEC Actions

MicroStrategy's (MSTR) founder and Executive Chairman Michael Saylor said recent enforcement actions by U.S. regulators have made it clear that the crypto industry is destined to be rationalized down to a bitcoin-focused industry. In a recent interview with Bloomberg Saylor said "It's pretty clear that the regulators don't see a legitimate path forward for cryptocurrencies." The panel shares their reactions to the statement.

Jun 14, 2023