JakeJin
commented on
$MicroStrategy (MSTR.US)$ adds almost 9,000 Bitcoins to its holdings in third quarter.
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, 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?
59
14
JakeJin
commented on
$Waterdrop (WDH.US)$ This scam company, listed down by half.
Translated
1
2
$TuSimple (TSP.US)$ Another scam company.
Translated
JakeJin
voted
This week, we will broadcast the earnings conference calls of Chinese energy vehicle star NIO $NIO Inc (NIO.US)$ , sports-first streaming media FuboTV $FuboTV (FUBO.US)$ and contributor to diabetes treatment Senseonics Holdings $Senseonics (SENS.US)$ !
Schedule:
NIO: 03/01/2021 8:00 pm EST
FuboTV: 03/02/2021 5:30 pm EST
Senseonics Holdings: 03/04/2021 04:30 pm EST
Earnings Preveiw
1. NIO
EV makers have reported beat earnings in Q4 earnings season, which indicate a growing market size in the EV industry. In Q4, NIO gained more momentum and actively promoted its market expansion plan. The market generally expects its Q4 revenue to be US$1.01 billion, an increase of 148% from US$4 million in the same period in 2019. Does the good news in the earnings results indicate...
Schedule:
NIO: 03/01/2021 8:00 pm EST
FuboTV: 03/02/2021 5:30 pm EST
Senseonics Holdings: 03/04/2021 04:30 pm EST
Earnings Preveiw
1. NIO
EV makers have reported beat earnings in Q4 earnings season, which indicate a growing market size in the EV industry. In Q4, NIO gained more momentum and actively promoted its market expansion plan. The market generally expects its Q4 revenue to be US$1.01 billion, an increase of 148% from US$4 million in the same period in 2019. Does the good news in the earnings results indicate...
16
7
JakeJin : A very smart company. The company's stock price should be closely linked to Bitcoin. However, the company has operating expenses.