Market Brief

New

Daily market recaps with key events, stock movements, and global influences

MicroStrategy Plans Large Bitcoin Purchase with $57 Billion Capital Backed by Benchmark, Bernstein Buy Ratings

Image Viewer

Listen to this article
Stocks
Markets
Business

MicroStrategy Plans Large Bitcoin Purchase with $57 Billion Capital Backed by Benchmark, Bernstein Buy Ratings

Authors
  • Cointelegraph
  • Quinten | 048.eth
  • Satoshi Flipper

8 posts GPT (4.1 mini)

Published

MicroStrategy Inc. (MSTR), a major Bitcoin reserve company, is preparing to increase its Bitcoin holdings further. Research analysts from Benchmark and Bernstein have reiterated buy ratings on MicroStrategy, setting high price targets. The company reportedly has $57 billion in authorized capital available to acquire additional Bitcoin.
Founder Michael Saylor has indicated plans for a substantial Bitcoin purchase in the coming week, emphasizing a shift in asset allocation. MicroStrategy's strategy includes issuing stock shares akin to NFTs, using the proceeds from these equity offerings to fund Bitcoin acquisitions. This approach has drawn attention within the crypto community and financial analysts alike.

More breaking stories on DeepNewz — updated live.

HODL15Capital 🇺🇸
HODL15Capital 🇺🇸Twitter verified badge
@HODL15Capital

$57 Billion! @Strategy has $57 billion of authorized dry powder to buy more Bitcoin 👇 $MSTR, $STRK, $STRF https://t.co/fZPPgql0Ut

Here is a summary of $MSTR's ATM strategy for the NFT/crypto audience: - MSTR stock shares are like NFTs, except you actually own equity in the company - Saylor "drops more NFTs" and they sell out at immediately every single time - He uses the funds from that drop to buy

Alessandro Ottaviani
Alessandro OttavianiTwitter verified badge
@AlexOttaBTC

Another (big) Bitcoin purchase from MSTR this week 🚀🚀🚀 https://t.co/xzuqXOWqL7

Tweet media
Quinten | 048.eth
Quinten | 048.ethTwitter verified badge
@QuintenFrancois

Strategy is about to buy more Bitcoin https://t.co/577fQzRmsa

Tweet media
The_Real_Fly
The_Real_FlyTwitter verified badge
@The_Real_Fly

Pretty insane financial advice $BTC $MSTR https://t.co/LXZwBlFtFg

Associated Financial Markets

Related Prediction Markets

Sources

    Alessandro Ottaviani
    Alessandro OttavianiTwitter verified badge
    @AlexOttaBTC

    Another (big) Bitcoin purchase from MSTR this week 🚀🚀🚀 https://t.co/xzuqXOWqL7

    Tweet media
    Cointelegraph
    CointelegraphTwitter verified badge
    @Cointelegraph

    🔥 JUST IN: Michael Saylor says, "Too much blue, not enough orange." How much $BTC is he loading up next week? https://t.co/T0XXDplDb2

    Tweet media
    Satoshi Flipper
    Satoshi FlipperTwitter verified badge
    @SatoshiFlipper

    Buying more $BTC LFG 🚀🚀 https://t.co/PNpGL3BaCX

    Tweet media