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$MSTR.US$ 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?
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ARK funds buys 2.2 million of Robinbood Markets $HOOD.US$ 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 $TWTR.US$
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 $NIU.US$
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 $COIN.US$
Sell PRLB Proto Labs Inc 74,818
Sell TSLA Tesla Inc 57,106 $TSLA.US$
Sell LMT Lockheed Martin Corp 24,259 $LMT.US$
Sell SE Sea Ltd 19,440 $SE.US$
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 $TWTR.US$
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 $NIU.US$
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 $COIN.US$
Sell PRLB Proto Labs Inc 74,818
Sell TSLA Tesla Inc 57,106 $TSLA.US$
Sell LMT Lockheed Martin Corp 24,259 $LMT.US$
Sell SE Sea Ltd 19,440 $SE.US$
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