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Stocks Sink As Bond Yields Soar, Nvidia Eyes Worst Day In 4 Months, Bitcoin Tumbles To $97,000: What's Driving Markets Tuesday?
Bitcoin Set to Double by Year-end as 'Infinity Age' of Crypto Begins - Bernstein
Decoding MicroStrategy's Options Activity: What's the Big Picture?
The cryptocurrency Industry is facing profit squeezes, and USA mining companies are "making ends meet".
It is estimated that in the third quarter of last year, the Average Cost of producing Bitcoin for all miners listed in the USA was $55,950 per coin, a 13% increase from the previous quarter, with an Average Cost of $106,000 including depreciation and stock-based compensation costs. Bitcoin is currently priced at $101,439.1. This means that if the price of Bitcoin does not rise, it may lead to many miners shutting down their machines or going bankrupt.
MicroStrategy $650 Target Reiterated By Analyst With High Accuracy — Michael Saylor-Linked Company's Preferred Stock Offerings Will Attract Insurance Companies, Banks
Why is MSTR in such a hurry to seize the premium?
While MSTR sells its company stocks, it is also heavily investing in Bitcoin. Analysis suggests that by selling stocks at 2-3 times net asset value, MSTR is effectively purchasing Bitcoin at a significant discount.
