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$MicroStrategy (MSTR.US)$ adds almost 9,000 Bitcoins to its holdings in third quarter. ![]()
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MicroStrategy, the business-intelligence software company that holds so much bitcoin on its balance sheet, has become something of a proxy for the world's biggest cryptocurrency. The company said it added almost 9,000 bitcoins to its holdings in the the third quarter, bringing its total to 114,042.
At current prices: 114,042 BTC = $61,900 * 114,042 ≈ $7.05 billion
MicroStrategy's market cap ≈ $7.50 billion
The company's bitcoin holdings are worth just over $7 billion, while its entire market capitalization is roughly $7.5 billion...![]()
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Does that mean MicroStrategy stock is almost equivalent to Bitcoin ETF?![]()
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On Thursday, MicroStrategy CEO Michael Saylor also retweeted a previous tweet of his from Oct. 28, 2020 revealing that he personally owned 17,732 bitcoin that he purchased for an average price of just under $10,000. He added the comment that "you do not sell your #bitcoin," implying that he still owned all those coins. At current prices, they would be worth roughly $1.1 billion.![]()
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Mooers, what do you think?![]()
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MicroStrategy, the business-intelligence software company that holds so much bitcoin on its balance sheet, has become something of a proxy for the world's biggest cryptocurrency. The company said it added almost 9,000 bitcoins to its holdings in the the third quarter, bringing its total to 114,042.
At current prices: 114,042 BTC = $61,900 * 114,042 ≈ $7.05 billion
MicroStrategy's market cap ≈ $7.50 billion
The company's bitcoin holdings are worth just over $7 billion, while its entire market capitalization is roughly $7.5 billion...
Does that mean MicroStrategy stock is almost equivalent to Bitcoin ETF?
On Thursday, MicroStrategy CEO Michael Saylor also retweeted a previous tweet of his from Oct. 28, 2020 revealing that he personally owned 17,732 bitcoin that he purchased for an average price of just under $10,000. He added the comment that "you do not sell your #bitcoin," implying that he still owned all those coins. At current prices, they would be worth roughly $1.1 billion.
Mooers, what do you think?
![MicroStrategy stock ≈ Bitcoin ETF?](https://ussnsimg.moomoo.com/7281685355497610695.jpg/thumb)
![MicroStrategy stock ≈ Bitcoin ETF?](https://ussnsimg.moomoo.com/7831087402218862284.jpg/thumb)
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ARK funds buys 2.2 million of Robinbood Markets $Robinhood (HOOD.US)$ shares.
ARK BUYS:
Ticker Name Size
Buy HOOD Robinhood Markets Inc 2,240,680
Buy ACHR Archer Aviation Inc 1,703,847
Buy TWTR Twitter Inc 1,107,223 $Twitter (Delisted) (TWTR.US)$
Buy PACB Pacific Biosciences Of California Inc 522,914
Buy NNDM Nano Dimension Ltd 444,136
Buy EXAS Exact Sciences Corp 83,000
Buy NIU Niu Technologies 73,343 $Niu Technologies (NIU.US)$
Buy BLDE Blade Air Mobility Inc 71,105
Buy NTLA Intellia Therapeutics Inc 56,989
Buy SKLZ Skillz Inc 53,340
ARK SELLS:
Action Ticker Name Size
Sell PTON Peloton Interactive Inc 448,621
Sell COIN Coinbase Global Inc 106,531 $Coinbase (COIN.US)$
Sell PRLB Proto Labs Inc 74,818
Sell TSLA Tesla Inc 57,106 $Tesla (TSLA.US)$
Sell LMT Lockheed Martin Corp 24,259 $Lockheed Martin (LMT.US)$
Sell SE Sea Ltd 19,440 $Sea (SE.US)$
ARK BUYS:
Ticker Name Size
Buy HOOD Robinhood Markets Inc 2,240,680
Buy ACHR Archer Aviation Inc 1,703,847
Buy TWTR Twitter Inc 1,107,223 $Twitter (Delisted) (TWTR.US)$
Buy PACB Pacific Biosciences Of California Inc 522,914
Buy NNDM Nano Dimension Ltd 444,136
Buy EXAS Exact Sciences Corp 83,000
Buy NIU Niu Technologies 73,343 $Niu Technologies (NIU.US)$
Buy BLDE Blade Air Mobility Inc 71,105
Buy NTLA Intellia Therapeutics Inc 56,989
Buy SKLZ Skillz Inc 53,340
ARK SELLS:
Action Ticker Name Size
Sell PTON Peloton Interactive Inc 448,621
Sell COIN Coinbase Global Inc 106,531 $Coinbase (COIN.US)$
Sell PRLB Proto Labs Inc 74,818
Sell TSLA Tesla Inc 57,106 $Tesla (TSLA.US)$
Sell LMT Lockheed Martin Corp 24,259 $Lockheed Martin (LMT.US)$
Sell SE Sea Ltd 19,440 $Sea (SE.US)$
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