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MicroStrategy Incorporated (MSTR)
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In February, MicroStrategy $MSTR decided to YOLO 19,452 Bitcoins for $1 billion at an average price of $52,765.
Today, that trade is underwater.
Earlier they used $2 billion in cash and *borrowed* money to buy Bitcoin at $23,985.
You probably want to watch these levels.
On May 13, 2021, MicroStrategy Incorporated (the “Company”) announced that it had purchased approximately 271 bitcoins for $15.0 million in cash, at an average price of approximately $55,387 per bitcoin, inclusive of fees and expenses. As of May 13, 2021, the Company holds approximately 91,850 bitcoins that were acquired at an aggregate purchase price of $2.241 billion and an average purchase price of approximately $24,403 per bitcoin, inclusive of fees and expenses.
99.27% of the shares of MSTR are held by institutional investors. None of them sold in the past year. On the contrary, in December, Moran Stanley bought 10% at a much higer price. MSTR is included in more funds. Apparantly Saylor and MSTR enjoy the confidence of the big investors. Their analysis is much better than that of the alleged experts on this forum who are guided by the emotion of the day. All growth stocks have been hit hard in recent months. Several months ago MSTR was overvalued, now it's undervalued. This is how the market works.
Historical Performance MSTR:
(All of these are facts you can look up yourself)
1 year ago MSTR was $120/share
4 years prior the share price was $194/share. Between that time to stock lost 61.6% of its value.
The increase from last year until now had zero to do with the underlying company, whose revenues & earnings have declined to a year end 2020 number, that is a very negative number.
So Saylor bought Bitcoin last year. Mayybe it's a genius move to use debt to purchase BTC...& he made the right move, but the underlying company has not grown for years. The average software company's stock was up massively last year. MSTR was flat.
The facts are, easy to see. Why, if BTC was up 8% the past week, MSTR was down 4%. Last week the NASDQ & S&P, & DOW hit record highs.
Nobody heard about MSTR prior to Saylor inviting himself onto every program he could get into. That hype drove many to buy MSTR stock before, maybe some don't even realize it now, that owning Bitcoin is as easy as swiping right or left on "Tinder"...so why, if you believe in Bitcoin, would you buy it, via a company that hasn't grown, is losing money?
As time goes on, so many banks in the US will be offering BTC purchase & sales, mainstream brokerages will be transacting BTC as well as other, crypto's that have appreciated much more than BTC.
You read these posts that are filled with lies, instead of admitting they were wrong in buying MSTR, realizing that the value of MSTR's BTC holdings...as far as shareholder value goes...will be added or subtracted from the earnings income of the underlying company...in this case negative earnings/ income. Maybe MSTR will go up disproportionately to a sudden rise in BTC, but if that's your bet/ investment logic, your profit will be much larger if you buy long term Bitcoin call options.
Thru my eyes, Michael Saylor attempted to get attention away from the lack of sucess of his company by becoming the Media Guru on Bitcoin. Several years back he was charged by the SEC...he has a huge ego...and now folks are realizing what I stated above. The logical question is would you buy MSTR if it didn't own BTC? Than would you buy BTC? Lastly would you happily pay a substantial premium in BTC price because of a premium that is occurring because it's value is bring deflated by a company's negative income.
I realize most that pump any stocks have personal interests involved. I have none. I don't own MSTR, dont own BTC. I do not short or buy puts against either, nor have I EVER. bet against a company or an individual's sucess. But I do have long term knowledge of the markets including crypto...own ETH, Link, ADA, definitely not Dogcoin, MSFT, Salesforce, AAPL, Shopify...
There are new investors that read these posts. Some will believe lies posted. For those pumping or down voting this post or others that are based in fact, provide the factual basis or logic for holding or buying MSTR, or not liking this post or others that shed some light that might actually help instead of hurt others.
when are we going back to $1300
think of the future 1. Improving earnings for mstr
2. Analysts moving target price for MSTR higher
3. MSTR keeps acculating bitcoin (now 91,000 and increasing)
4. Projections for future price bitcoin
5 Multiply # bitcoins owned by MSTR x future price of bitcoin
6 Divide by # shares of MSTR
7. When I do this I arrive with MSTR share price > $2,000 and future short squeeze
price up slightly as bitcoin increasing fireworks when bitcoin hits a new high between 65000 ant 70000
Average cost $1,200, holding strong
Great results. 10% Revenue Growth and 81% Margins (up 3%) This is a well run company. Look for additional BTC purchase announcements soon. Company is a cash machine . Or should I say BTC machine? Long $MSTR.
Revenues: Total revenues for the first quarter of 2021 were $122.9 million, a 10.3% increase, or a 7.6% increase on a non-GAAP constant currency basis, compared to the first quarter of 2020. Product licenses and subscription services revenues for the first quarter of 2021 were $31.3 million, a 52.3% increase, or a 49.8% increase on a non-GAAP constant currency basis, compared to the first quarter of 2020. Product support revenues for the first quarter of 2021 were $70.6 million, a 0.7% decrease, or a 3.4% decrease on a non-GAAP constant currency basis, compared to the first quarter of 2020. Other services revenues for the first quarter of 2021 were $20.9 million, a 6.3% increase, or a 3.1% increase on a non-GAAP constant currency basis, compared to the first quarter of 2020.
Gross Profit: Gross profit for the first quarter of 2021 was $100.4 million, representing an 81.7% gross margin, compared to a gross margin of 78.0% in the first quarter of 2020.
91,326 bitcoins at $56000 each is 5.1 billion alone. Market cap right now is 5.5 billion.
at Bit 48k Mstr value is 270 a share...
95k bitcoin * Bit Price - 1.8B debt. Divided by number of shares.
Every 5k drop in Bit lower value by 50 dollars share price
still short 500 at 999, and 100 at 730. AND bitcoin is still 55K!!! Imagine when bitcoin goes to 28k in the near term as technical charts are pointing to. See you at 150!
Mstr lost 100mil last quarter, even if btc price goes up, you have to pay for the dying business and exec salary. If you believe crypto just buy directly
Look at this company all the way back to 1999... Same #$%$ Different StinkThe CEO cooked the books in front of the IPO pre 2000 and got caught booking services as licence. Tanked the stock into the ground post IPO. Now he is playing with bitcoin and looks like he is failing again. Look at the chart YTD since he went $1B into BTC... down it went. "Micro"stratgy is the perfect name. small, short-term strategies into the toilet....
High short interest here. Likely exceeded 20% of float this week and on par with $MSTR - expect price discovery soon. Particularly watch Bitcoin as it is quietly gaining strength in the premarket as the supply is running short.
I think the recent pullback is kind of healthy to this stock. As a derivative it has had time to cool off and is ready for a bounce. I cannot imagine MSTR being at 800 if bitcoin hits 65k again. It will probably be a good way above 1k, considering a greater derivative premium.
Microstrategy buys 253 additional bitcoins and says it will keep buying. Buying mstr is basically buying bitcoins that compounds to even more Bitcoin overtime.
At this rate the company is only worth as much as the btc they hold
I am lowering target to buy 2K shares @150 with 50% chances to lowering @ 100.
Amazing how this is being held down.
Feb 9 2021 MSTR Market Price high $ 1,315 BitCoin Price $ 46,481
April 30 2021 MSTR Market Price $ 661.01 BitCoin Price $ 56,603
MSTR Market Price is DOWN $ 654 or 49.7 % Bitcoin is UP $ 10,122 UP 22%
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