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MarketScreener Homepage  >  Equities  >  Nasdaq  >  MicroStrategy Incorporated    MSTR

MICROSTRATEGY INCORPORATED

(MSTR)
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MicroStrategy Incorporated : CEO says Bitcoin will subsume gold market cap

02/23/2021 | 10:05am EST

(Reuters) - Microstrategy Chief Executive Michael Saylor told CNBC on Tuesday that Bitcoin is going to subsume the entire gold market cap.

"There's $10 trillion dollars worth of gold in there, $1 trillion in bitcoin. The bitcoin is going to flip gold and it's going to subsume the entire gold market cap," he said in the CNBC interview. "Then it's going to subsume negative yielding sovereign debt and other monetary indexes until it grows to $100 trillion dollars."

Saylor also told CNBC that Bitcoin is not for spending and not really a currency and that it's for saving.

MicroStrategy is a major corporate backer of the digital currency, and is engaged in an almost $1 billion convertible note offering with proceeds going to buying bitcoin.

(Reporting By Sinéad Carew; Editing by Alden Bentley and Chizu Nomiyama)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
GOLD -0.07% 1706.61 Delayed Quote.-10.44%
MICROSTRATEGY INCORPORATED -3.94% 620.24 Delayed Quote.59.63%
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Financials (USD)
Sales 2021 - - -
Net income 2021 - - -
Net Debt 2021 - - -
P/E ratio 2021 102x
Yield 2021 -
Capitalization 5 946 M 5 946 M -
Capi. / Sales 2021 -
Capi. / Sales 2022 -
Nbr of Employees 1 997
Free-Float 30,9%
Chart MICROSTRATEGY INCORPORATED
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MicroStrategy Incorporated Technical Analysis Chart | MarketScreener
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Technical analysis trends MICROSTRATEGY INCORPORATED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
 
Mean consensus SELL
Number of Analysts 1
Average target price 325,00 $
Last Close Price 620,24 $
Spread / Highest target -47,6%
Spread / Average Target -47,6%
Spread / Lowest Target -47,6%
EPS Revisions
Managers and Directors
NameTitle
Michael J. Saylor Chairman & Chief Executive Officer
Phong Q. Le President & Chief Financial Officer
Timothy Edwin Lang Chief Technology Officer & Senior Executive VP
Jarrod M. Patten Independent Director
Carl J. Rickertsen Independent Director
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