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☆ Cramer's Lighting Round: Texas Roadhouse is 'still a buy'
▼ + stars: | 2024-10-17 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon Evolv's year-to-date stock performance. Stock Chart Icon Stock chart icon NIO's year-to-date stock performance. Stock Chart Icon Stock chart icon Texas Roadhouse's year-to-date stock performance. Stock Chart Icon Stock chart icon MicroStrategy's year-to-date stock performance. Stock Chart Icon Stock chart icon Iron Mountain's year-to-date stock performance.

Persons: You've Organizations: Texas

☆ Why bitcoin has 12% upside in the weeks before the election, Standard Chartered says
▼ + stars: | 2024-10-15 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

Bitcoin could hit a fresh all-time high ahead of the presidential election, Standard Chartered says. Standard Chartered estimates bitcoin could hit $73,800 in the next few weeks. In new research, head of digital asset research Geoff Kendrick estimated that the token could hit $73,800 before November's US presidential election, a 12% gain from current levels. Second, SAB 121 exemptions go hand-in-hand with MicroStrategy's announced plan to become a "bitcoin bank," offering bitcoin capital market instruments down the road. In Kendrick's mind, the outcome of the presidential election is secondary to these bullish forces, with both Trump and Harris victories boding well for the token.

Persons: Bitcoin, —, Geoff Kendrick, Kendrick, bitcoin, MicroStrategy, Geoffrey Kendrick, BNY Mellon, MicroStrategy's, Harris, Donald Trump Organizations: Chartered, Service, MicroStrategy, Standard, SAB, bitcoin, Kendrick, Trump, Republican, White Locations: lockstep

While "boring" bitcoin has been chopping sideways since March, bitcoin proxy MicroStrategy is trading at its highest level relative to the flagship crypto since 2019. Wolfe Research managing director Rob Ginsberg said he "loves [MicroStrategy's] chances to get out and continue climbing," but that the stock is overbought in the near term. "On a relative basis vs. BTC, the stock is at its highest level since 2019," Ginsberg added. Bitcoin is up 41% for the year, while MicroStrategy has gained 193%. MicroStrategy, which tends to be a high beta play on the cryptocurrency, is expected to follow.

Persons: Rob Ginsberg, MARA, MSTR, Ginsberg, Price, Wolfe, MicroStrategy, bitcoin, — CNBC's Michael Bloom Organizations: Wolfe Research, BTC Locations: pullbacks, MSTR, bitcoin

☆ MicroStrategy stock pops 8% after company ups bitcoin holdings to $14.6 billion
▼ + stars: | 2024-09-13 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: 1 min

MicroStrategy shares jumped more than 8% on Friday after founder Michael Saylor said the company purchased another $1.1 billion worth of bitcoin. The stock jumped 24% for the week and is now up 124% this year. MicroStrategy's stash of 244,800 bitcoins is worth $14.6 billion. Founded in 1989, MicroStategy has a business in enterprise software and cloud-based services, but its value is now almost entirely tied to its bitcoin ownership, effectively making the company a proxy for the world's biggest cryptocurrency. It is the biggest corporate holder of the asset, according to Bitcoin Treasuries.

Persons: Michael Saylor, Saylor, MicroStategy, Bitcoin

☆ Now possible to discuss nation-states holding crypto on the balance sheet: MicroStrategy's Saylor
▼ + stars: | 2024-08-06 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNow possible to discuss nation-states holding crypto on the balance sheet: MicroStrategy's SaylorMichael Saylor, MicroStrategy co-founder and executive chairman, joins 'Squawk on the Street' to discuss the next breakout catalyst for Bitcoin, if a strategic reserve of Bitcoin is a good idea, and much more.

Persons: Michael Saylor, MicroStrategy

☆ Crypto stocks like Coinbase and MicroStrategy soar, mirroring rally in bitcoin
▼ + stars: | 2024-07-15 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +2 min

The Securities And Exchange Commission has filed a lawsuit against cryptocurrency exchange Coinbase for allegedly violating securities laws by acting as an exchange, a broker and a clearing agency without registering with the Securities and Exchange Commission. (Photo Illustration by Justin Sullivan/Getty Images)Coinbase , MicroStrategy and Riot Platforms surged Monday as investors piled into crypto companies following bitcoin's rally to a two-week high. Bitcoin is up about 6% in the past 24 hours, trading at around $63,500 as of early Monday afternoon. Bitcoin accounted for 33% of trading volume on the platform in the first quarter, by far the biggest amount for any cryptocurrency. On Thursday, the company announced a 10-for-1 stock split, in order "to make MicroStrategy's stock more accessible to investors and employees."

Persons: Justin Sullivan, Donald Trump, Trump, Bitcoin, bitcoin Organizations: Securities, Exchange, Securities and Exchange Commission, Republican, Marathon, Miners Locations: CALIFORNIA, San Anselmo , California, Nashville , Tennessee, U.S

☆ MicroStrategy sets 10-for-1 stock split four months after bitcoin peak
▼ + stars: | 2024-07-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +1 min

The company said the shares will be split into class A common stock and class B common stock "to make MicroStrategy's stock more accessible to investors and employees." The stock will begin trading on a post-split basis Aug. 8. This February, the company said it would shift its company focus and brand to bitcoin development. Bernstein recently said MicroStrategy is "building the world's largest bitcoin company" and has about 80% upside. MicroStrategy stock is up 106% this year, compared to bitcoin's 38% gain; and 216% in the past 12 months, compared to bitcoin's 91% advance.

Persons: MicroStrategy, Bernstein

☆ Stocks making the biggest moves midday: Delta Air Lines, SoundHound AI, WD-40, Tesla and more
▼ + stars: | 2024-07-11 | by ( Sean Conlon | ) www.cnbc.com time to read: +4 min

Check out the companies making headlines in midday trading: Delta Air Lines — The stock fell almost 5% after the airline issued a sales growth forecast for the third quarter that came in below expectations. The company also reported an almost 30% decrease in net income for the second quarter compared to a year ago. Shares of major airline stocks American Airlines and United Airlines also fell around 4.7% and 3.7%, respectively, following the results. WD-40 reported total net sales of $155 million in the fiscal third quarter, up 9% from the year-ago period. Semiconductor names — Investors took a few chips off the table on Thursday, selling high-flying semiconductor stocks.

Persons: QuantumScape, Conagra, Lantheus, Tesla, Horton, —, Alex Harring, Samantha Subin, Yun Li, Lisa Kailai Han, Pia Singh, Tanaya Macheel, Darla Mercado Organizations: Delta Air Lines, American Airlines and United Airlines, Costco, Peugeot, Opel, Vauxhall, Lantheus Holdings, Medicare, Services, PepsiCo, Revenue, Bloomberg News, Bloomberg, Industries, Builders, Semiconductor, —, VanEck Semiconductor, Nvidia Locations: U.S, Canada, Europe

☆ Bitcoin billionaire Michael Saylor settles DC tax fraud case for $40 million
▼ + stars: | 2024-06-03 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

Billionaire bitcoin investor Michael Saylor and the company he founded, MicroStrategy , will pay $40 million to settle a tax fraud lawsuit brought by the Washington D.C. Attorney General, the AG's office announced Monday. The D.C. attorney general charged both Saylor and MicroStrategy with tax evasion, claiming that the company helped its founder disguise his D.C. residency so that he could avoid paying higher income taxes. MicroStrategy also allegedly failed to pay the corporate taxes required for a company employing D.C. residents, of which Saylor was only one of several. The original suit against Saylor was brought in 2022 by former D.C. attorney general Karl Racine. From 2006 to 2008, Saylor bought three luxury D.C. condos that he later renovated into a single complex that he called the "Trigate."

Persons: Michael Saylor, Saylor, Brian Schwalb, MicroStrategy, Karl Racine, Adams Morgan, James, Tony Stark Organizations: Washington D.C, Nasdaq, Forbes, District of Columbia Locations: District, Columbia, Florida, Virginia, Washington, Georgetown, Potomac, Saylor, Georgetown's, Adams

☆ Stocks making the biggest moves midday: GameStop, U.S. Cellular, Nvidia, Norwegian Cruise Line and more
▼ + stars: | 2024-05-28 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

Check out the companies making the biggest moves midday: GameStop — Shares jumped nearly 23% following the video game retailer's announcement on Friday that it made about $933 million from a stock sale. U.S. Cellular — Shares added 7% after the telecom company announced T-Mobile will acquire its wireless operations and 30% of spectrum assets for $4.4 billion. T-Mobile was up less than 1%, while Telephone and Data Systems , which owns 84% of U.S. Cellular, slipped 2%. Norwegian Cruise Line — The cruise stock rose 3% after an upgrade to buy from neutral at Mizuho. Zscaler — The cybersecurity company shed nearly 4% following a downgrade at Wells Fargo to equal weight from overweight.

Persons: Agios, vorasidenib, —, Duolingo Max, Semler, Elon, Zscaler, Airbnb, Eli Lilly, Macheel, Pia Singh, Hakyung Kim, Jesse Pound Organizations: GameStop, . Illinois, U.S, Cellular, Mobile, Telephone, Data Systems, U.S . Cellular, . Food, Drug, Pharmaceuticals, Royalty Pharma, Nvidia, Cruise, Mizuho, Sarepta Therapeutics, RBC Capital Markets, RBC, Sea, Reuters, —, Energy Capital Partners, Wedbush, FDA Locations: U.S, Norwegian, Wells

☆ Med tech stock Semler Scientific takes bitcoin play from MicroStrategy's book, surges 30%
▼ + stars: | 2024-05-28 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

"Our bitcoin treasury strategy and purchase of bitcoin underscore our belief that bitcoin is a reliable store of value and a compelling investment," Eric Semler, Semler's chairman, said in a statement. The stock soared 30% Tuesday, while bitcoin traded lower by about 2%, according to Coin Metrics. Semler, which has a market capitalization of about $210 million, is down more than 30% this year. Semler Scientific , a little-known medical technology company, saw its shares surge Tuesday after it said it has adopted bitcoin as its primary treasury reserve asset, taking a page out of MicroStrategy's playbook. This February, the company said it would shift its company focus and brand to bitcoin development.

Persons: Eric Semler, bitcoin, MicroStrategy, Semler Organizations: Metrics, Semler

☆ Cramer's Lightning Round: Don't buy MicroStrategy
▼ + stars: | 2024-05-13 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Stock Chart Icon Stock chart icon AllianceBernstein's year-to-date stock performance. Stock Chart Icon Stock chart icon Confluent's year-to-date stock performance. Stock Chart Icon Stock chart icon MicroStrategy's year-to-date stock performance. Stock Chart Icon Stock chart icon AeroVironment's year-to-date stock performance. Stock Chart Icon Stock chart icon Albemarle's year-to-date stock performance.

Persons: I'm, We've, AeroVironment, Sterling Organizations: Sterling Infrastructure

☆ Bitcoin evangelist Michael Saylor has made $370 million from MicroStrategy stock sales this year
▼ + stars: | 2024-04-19 | by ( Ari Levy | ) www.cnbc.com time to read: +2 min

Michael Saylor, chairman and chief executive officer at MicroStrategy, during an interview at the Bitcoin 2023 conference in Miami Beach, Florida, US, on Thursday, May 18, 2023. MicroStrategy founder and bitcoin evangelist Michael Saylor entered into a stock-sale plan with his company last summer that allowed him to unload up to 400,000 shares in the first four months of 2024. With the plan more than 90% of the way to completion, Saylor has netted about $370 million from this year's stock sales, thanks to the stratospheric rise in value of MicroStrategy, which is effectively a bitcoin holding company. Saylor is the largest MicroStrategy shareholder, with Class B holdings worth about $2.3 billion. At the end of 2023, Saylor owned another 400,000 Class A shares due to an option he received in 2014.

Persons: Michael Saylor, Saylor, MicroStrategy, unexercised Organizations: CNBC Locations: Miami Beach , Florida

☆ MicroStrategy's debt-fueled bitcoin purchases helping drive froth, raising risk of downturn, JPMorgan says
▼ + stars: | 2024-03-19 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

"In our mind, these debt-funded bitcoin purchases add froth to the current crypto rally by raising the risk of severe deleveraging in a potential downturn in the future," he added. MicroStrategy raised $604 million from the sale of converts on March 18, and another $800 million on March 8 . The latest purchases mark an acceleration from the fourth quarter pace, when MicroStrategy bought more than $1 billion of bitcoin. Originally launched as an enterprise business software company, Microstrategy has been buying bitcoin and holding them on its balance sheet since 2020. It largely trades as a proxy for the price of bitcoin, and in February of this year leaned into that, rebranding itself a Bitcoin development company.

Persons: JPMorgan's Marko Kolanovic, MicroStrategy, Microstrategy, Kolanovic, bitcoin, — CNBC's Michael Bloom Organizations: Momentum Locations: bitcoin, cryptocurrencies

☆ MicroStrategy shares up 180% this year after debt sale to buy more bitcoin spurs latest rally
▼ + stars: | 2024-03-13 | by ( Ari Levy | ) www.cnbc.com time to read: +3 min

Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022. Saylor told CNBC's "Squawk Box" on Monday that bitcoin is going to "eat gold." "The price of bitcoin is going to have to adjust up in order to meet that investor demand," Saylor said. MicroStrategy said in the release that it "used the net proceeds from the sale of the notes to acquire additional bitcoin." As of Monday, Canaccord's analysis showed that MicroStrategy's equity value premium over its bitcoin holdings was 86%.

Persons: Michael Saylor, Saylor, CNBC's, bitcoin, MicroStrategy, Canaccord, MicroStategy Organizations: MicroStrategy, BTC, CNBC Locations: Miami, bitcoin

☆ Bitcoin has 'all the great attributes & none of the defects' of gold: MicroStrategy's Michael Saylor
▼ + stars: | 2024-03-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin has 'all the great attributes & none of the defects' of gold: MicroStrategy's Michael SaylorMichael Saylor, MicroStrategy executive chairman, joins 'Squawk Box' to discuss the latest bitcoin rally, impact of spot bitcoin ETFs on his company, why bitcoin should be considered 'digital property', growth outlook, and more.

Persons: Michael Saylor Michael Saylor

Michael Saylor, chairman and CEO of MicroStrategy, speaks during the Bitcoin 2022 conference in Miami on April 7, 2022. While the long-term safety of bitcoin may still be up for debate, Saylor's strategy has been a hugely lucrative one, particularly this week. Add it up and Saylor is about $700 million richer than he was on Sunday. Between Saylor's MicroStrategy control and his bitcoin, his holdings climbed to $2.96 billion in value on Wednesday from $2.27 billion at the start of the week. The company said on Monday that it acquired an additional 3,000 bitcoins for a total of $155 million between Feb. 15 and Feb. 25.

Persons: Michael Saylor, MicroStrategy's Michael Saylor, Saylor, MicroStrategy, Andrew Kang, bitcoin Organizations: MicroStrategy Locations: Miami, bitcoin

☆ Bitcoin firm MicroStrategy pops 27% in two days as company's crypto stake hits $11 billion
▼ + stars: | 2024-02-27 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +4 min

In this article MSTR Follow your favorite stocks CREATE FREE ACCOUNTMicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency conference held at the Mana Convention Center in Wynwood on June 04, 2021 in Miami, Florida. MicroStrategy, along with its subsidiaries, now owns about 193,000 bitcoins worth $11 billion. watch nowInvestors have been increasingly bullish on the bitcoin trade following the SEC's approval of multiple spot bitcoin exchange-traded funds last month. "Institutional capital is still getting up to speed with bitcoin ETFs. For example, MicroStrategy has the ability to acquire bitcoin using proceeds from debt and equity issuances, the firm said.

Persons: Michael Saylor, Joe Raedle, MicroStategy, Andrew King, bitcoin, Bitcoin, Ryan Rasmussen, —, MicroStrategy, Cowen, CNBC's Dylan Butts, Ari Levy Organizations: Mana Convention, Getty, Bitwise Asset Management, Research, Benchmark Locations: Wynwood, Miami , Florida, bitcoin, Bitcoin

☆ We are big bitcoin bulls, says MicroStrategy's Michael Saylor
▼ + stars: | 2023-11-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are big bitcoin bulls, says MicroStrategy's Michael SaylorMichael Saylor, MicroStrategy founder and executive chairman, joins 'Squawk on the Street' to discuss the company's Bitcoin holdings, whether MicroStrategy's business gets overshadowed by their cryptocurrency portfolio, and more.

Persons: MicroStrategy's Michael Saylor Michael Saylor

☆ MicroStrategy purchased another $150 million in bitcoin since August as prices tumbled
▼ + stars: | 2023-09-26 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

AdvertisementAdvertisementSoftware firm MicroStrategy spent $147.3 million on bitcoin purchases over the past two months, using stock sales to help finance the investment, an SEC filing shows. To finance the $150 million bitcoin acquisition, 403,362 company shares were sold. A previous filing from that month indicated that MicroStrategy could sell up to $750 million in stock to fund its bitcoin expansion. In the same timeframe, Microstrategy stock has fallen 20%. Earlier in the year, a 72% rally in bitcoin helped MicroStrategy achieve its first profitable quarter in over two years.

Persons: MicroStrategy, —, Michael Saylor Organizations: SEC, Service, Bloomberg Locations: bitcoin

☆ Inside Prague's Institute of Crypto Anarchy — where they're plotting to bring down the dollar
▼ + stars: | 2023-08-06 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +19 min

Today, that union of minds finds refuge in Prague in a retrofitted factory building called Paralelní Polis, or "parallel world." The dark stucco of Polis' Prague headquarters is an outlier among the ornate, brightly-colored buildings that tower over it. ETHPrague 2023 was held at Paralelní Polis in the Czech Republic Pavel SinaglThe 'parallel world' concept is sticky. The Vienna branch goes so far as to self-describe as a living example of how "the Paralelní Polis cryptoliberation virus is spreading." The most popular Czech bitcoin YouTuber boasts 90k subscribers, while the annual Czech-only bitcoin conference called Chaincamp attracts around 2000 visitors, even during the bear market."

Persons: Czech Republic Pavel Sinagl, Ztohoven —, Ztohoven, provocateurs, Václav Benda, Dan Ligocký, Ligocký, William Lobkowicz, ethereum, Vitalik Buterin, Ethereum, Pavel Sinagl, Prague MacKenzie Sigalos, Holy, William, Ileana Lobkowicz, Josef Tětek, Tětek, isn't, biohacking, —, Carl Menger, Friedrich Hayek, BTCPrague, Michael Saylor, Satoshi cryptographer, Adam Back, Saifedean Ammous, bitcoin, Gary Gensler, bitcoin maximalist, Vaclav, — Matěj Žák, Jan Čapek, Christoph Kassas, YouTuber Jakub Vejmola, Jameson Lopp, Stephan Livera, Robert Breedlove, Stani Kulechov, Ondrej Polak, Czech Republic Pavel Sinagl Ligocky Organizations: Paralelní, CNBC, European Union, Polis, of Cryptoanarchy, Austrian, Securities, Exchange, Czech Craft, U.S, Treasury, Casa, Ethereum Foundation, Czech Blockchain Association, optimist Locations: Paralelní Polis, Czech Republic, Czech Republic Pavel Sinagl PRAGUE, Czech, Bohemian, Prague, It's, Polis, Polis —, Lobkowicz, Nazi, Vienna, Barcelona, Bratislava, Slovakia, Košice, Austrian, ., Alza, Bohemia, Europe, Old Town, Holešovice

☆ MicroStrategy's Michael Saylor: We are glad we adopted Bitcoin
▼ + stars: | 2023-08-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicroStrategy's Michael Saylor: We are glad we adopted BitcoinMichael Saylor, MicroStrategy executive chairman, joins 'Squawk on the Street' to discuss the company's latest earnings, his take on Bitcoin, and the overall crypto industry.

Persons: Michael Saylor

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMicroStrategy's Michael Saylor says bitcoin is emerging as a 'safe haven' in crypto spaceCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, MicroStrategy reports buying thousands of bitcoin in Q2, GameStop winds down its crypto wallet, and Ripple delivers its latest XRP market report.

Persons: Michael Saylor, bitcoin, explainers Organizations: CNBC, GameStop

☆ TD Cowen analyst just made a risky buy call on a bitcoin play
▼ + stars: | 2023-07-26 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +2 min

Investors looking for ways to bet on crypto should look closer at a software company with a unique balance sheet, according to TD Cowen. We see MSTR as an attractive vehicle for investors looking to gain Bitcoin exposure," the note said. But Microstrategy's shares are down more than 40% since November 2021, which is when bitcoin hit its record high. The potential positive catalysts for MicroStrategy's stock includes some boosts for bitcoin more broadly, such as the approval of a spot bitcoin ETF and an upcoming halving, according to the note. MicroStrategy is also pushing for accounting rule changes related to bitcoin that could improve its reported numbers.

Persons: TD Cowen, Lance Vitanza, bitcoin, MicroStrategy, Michael Saylor, — Organizations: Street

☆ US stocks whipsaw as the Fed pauses tightening but eyes further hikes later
▼ + stars: | 2023-06-14 | by ( Filip De Mott | ) www.businessinsider.com time to read: +2 min

Stocks finished mixed after a volatile session that saw big swings after the Fed meeting. Policymakers kept rates steady but indicated that two more increases could come later this year. Fed Chairman Jerome Powell also said rate cuts would be more appropriate "a couple of years out." Central bankers kept rates steady at 5%-5.25% but indicated in their "dot plot" projections that two more increases could come later this year, a more hawkish signal than what Wall Street anticipated. Meanwhile, policymakers will assess incoming data, including credit conditions that may have a role in tightening macroeconomic conditions, he added.

Persons: Stocks, Jerome Powell, —, Elon Musk's, Goldman Sachs, Wells, Ken Griffin, Bitcoin, MicroStrategy's Michael Saylor Organizations: Service, Federal, JPMorgan, Citi Locations: Wells Fargo

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