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$MicroStrategy (MSTR.US)$ 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 $1.1 billion.
Mooers, what do you think?
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$Apple (AAPL.US)$ Apple's car system CarPlay has been used by millions of motorists to control music, obtain driving directions and make phone calls, and the company is also seeking to expand its influence in the automotive field. Apple is developing a technology that can use Apple mobile phones to control functions such as air conditioning, speedometer, radio, and seats in the car. This technology is called "IronHeart" internally. It is still in the early stages and requires cooperation with automakers. This business implies that even if Apple does not produce its own cars, it can still rely on the auto industry to make a profit.
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$A-LIVING (03319.HK)$ hi all, just wondering if in the case where Evergrande were to collapse , how will this affect Evergrande property management services if not taking into account the recent purchase of 51% stake in Evergrande property management services by Hopson?
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$Apple (AAPL.US)$ might be a good buying opportunity. double digit gross margins
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