Sunday, July 27, 2025
LBNN
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • Documentaries
No Result
View All Result
LBNN

MSTR a New Wall Street As it Outperforms Bitcoin

Simon Osuji by Simon Osuji
November 20, 2024
in Business
0
MSTR a New Wall Street As it Outperforms Bitcoin
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

A firm that has leveraged its belief in the leading cryptocurrency to unprecedented success, MicroStrategy (MSTR) has become a clear Wall Street favorite as it outperforms Bitcoin year-to-date. Indeed, the Micaehl Saylor-led company has strongly committed to a BTC accumulation strategy that has benefitted its position amid the asset’s ongoing bull run.

The crypto reached an all-time high of $93,000 last week. Moreover, the increase in value has not deterred MSTR from continuing to buy the token. On Monday, Saylor announced that the firm had acquired another $4.6 billion worth of Bitcoin as it continues to enhance its overall exposure.

MicroStrategy disclosed in its third-quarter earnings report last week that it purchased 155 additional bitcoins in October.MicroStrategy disclosed in its third-quarter earnings report last week that it purchased 155 additional bitcoins in October.
Source: Exodus Wallet

Also Read: MicroStrategy to Raise Another $1.75 Billion to Buy Bitcoin

Institutional Investors Bet on MicroStrategy Amid Monumental 2024

The past 12 months have been truly transformative for Bitcoin. Indeed, the cryptocurrency has catapulted into another stratosphere of relevancy within the finance sector. Becoming the first crypto-based ETF, it has driven increased investment interest from institutions while formulating itself into a global economic fixture.

That has been groundbreaking for firms that have been the biggest defenders of the asset’s merits. Chief among them is Michael Saylor’s MicroStrategy, which has become a Wall Street favorite amid Bitcoin’s ongoing bull run. Indeed, the stock traded as high as $384 early Tuesday, which will be an all-time high if it lasts until close.

Source: Financial Planning

Also Read: MicroStrategy ROI Hits 100% Amid Bitcoin Bull Run

For initial investment managers that have at least $100 million in equity assets, a 13F filing was recently made. Required by the US Securities and Exchange Commission (SEC) 45 days before the end of each quarter, it provides an in-depth look at stock holdings. Additionally, it provides a clear insight into MSTR’s popularity.

According to 13f.info, institutional holders of MicroStraeggy stock increased from 667 at the last filing to 738 currently. Moreover, the total value is more than $15 billion. The second-largest asset manager on the planet, Vanguard Group, had purchased almost 16 million MSTR shares in Q3. For the firm, it represents a 1,000% increase in its position. Altogether, it assures the rising relevancy of the business intelligence firm and the benefits of its BTC strategy.

Source link

Related posts

China, Nigeria in diplomatic talks over abandoned miners in Chinese-owned mines

China, Nigeria in diplomatic talks over abandoned miners in Chinese-owned mines

July 27, 2025
Ghana secures first Paris Club debt deal from France

Ghana secures first Paris Club debt deal from France

July 27, 2025
Previous Post

Foundcoo Expands Digital Impact in Asia-Pacific, Supporting Industrial and Manufacturing Businesses with Specialized B2B Marketing Solutions

Next Post

Sony MDR-M1 Headphone Review: Studio Perfection

Next Post
Sony MDR-M1 Headphone Review: Studio Perfection

Sony MDR-M1 Headphone Review: Studio Perfection

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Ray Lewis III death cause: What happened to son of Ravens Hall of Famer Ray Lewis?

Ray Lewis III death cause: What happened to son of Ravens Hall of Famer Ray Lewis?

2 years ago
The Nigerian Conservation Foundation, The University Of Lagos’ Creative Arts Department, Join Hundreds Of Partners To Support The Herds’ Large-Scale Climate Change Public Art Project Coming To Lagos, Nigeria This April

The Nigerian Conservation Foundation, The University Of Lagos’ Creative Arts Department, Join Hundreds Of Partners To Support The Herds’ Large-Scale Climate Change Public Art Project Coming To Lagos, Nigeria This April

6 months ago
Namibia targets rapid connectivity improvements to drive economic growth

Namibia targets rapid connectivity improvements to drive economic growth

2 months ago
New commander for SAMIDRC SA contingent

New commander for SAMIDRC SA contingent

9 months ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • When Will SHIB Reach $1? Here’s What ChatGPT Says

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0
  • Privacy Policy
  • Contact

© 2023 LBNN - All rights reserved.

No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • Documentaries
  • Quizzes
    • Enneagram quiz
  • Newsletters
    • LBNN Newsletter
    • Divergent Capitalist

© 2023 LBNN - All rights reserved.