Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  MicroStrategy Incorporated    MSTR

MICROSTRATEGY INCORPORATED

(MSTR)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

MicroStrategy bitcoin holding valued at $4.38 bln after latest buy

03/01/2021 | 08:34am EDT

March 1 (Reuters) - Major bitcoin corporate backer MicroStrategy Inc said on Monday it bought another 328 bitcoin for about $15 million in cash, swelling its holdings of the cryptocurrency and sending the company's shares 7% higher in premarket trading.

The company, whose Chief Executive Officer Michael Saylor is one of the most vocal proponents of bitcoin, bought the cryptocurrency at an average price of about $45,710 each.

MicroStrategy, the world's largest publicly-traded business intelligence company, owns close to 90,859 bitcoin, which were acquired at an aggregate purchase price of about $2.19 billion and an average purchase price of around $24,063 per bitcoin, it said on Monday. https://bit.ly/2Mz4yj9

The company's bitcoin holdings are valued at about $4.38 billion, according to a Reuters calculation.

MicroStrategy spent last year steadily amassing bitcoin after making its first investment in August.

The company had bought another 19,452 bitcoin last week, worth around $1.03 billion.

MicroStrategy's latest shopping spree comes as major firms including BNY Mellon, asset manager BlackRock Inc and credit card giant Mastercard Inc, backed certain cryptocurrencies, with Tesla Inc investing $1.5 billion in bitcoin.

Bitcoin rose nearly 6% on Monday as risk assets rallied after last week's bond rout cooled. (Reporting by Noor Zainab Hussain in Bengaluru; Editing by Krishna Chandra Eluri)


© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BITCOIN - EURO 0.44% 48897.25 Real-time Quote.107.14%
BITCOIN - UNITED STATES DOLLAR 0.23% 58126.64 Real-time Quote.101.20%
BLACKROCK, INC. 0.97% 808.35 Delayed Quote.10.96%
MASTERCARD 0.62% 380.08 Delayed Quote.5.83%
MICROSTRATEGY INCORPORATED 3.03% 711 Delayed Quote.82.99%
TESLA, INC. -0.99% 677.02 Delayed Quote.-4.06%
All news about MICROSTRATEGY INCORPORATED
04/09MICROSTRATEGY INCORPORATED  : Canaccord Genuity Starts MicroStrategy at Buy With..
MT
04/05MICROSTRATEGY INC  : Other Events (form 8-K)
AQ
04/01MICROSTRATEGY INCORPORATED  : BTIG Starts MicroStrategy at Buy With $850 Price T..
MT
04/01MICROSTRATEGY INCORPORATED  : Jefferies Starts MicroStrategy at Hold With $700 P..
MT
03/29MICROSTRATEGY INCORPORATED  : Significant Insider Selling Reported in Shares of ..
MT
03/26MICROSTRATEGY INCORPORATED  : Insider Sale at MicroStrategy (MSTR) Deemed Signif..
MT
03/26INSIDER TRENDS : Insider Adds to Selling Trend at MicroStrategy
MT
03/12MICROSTRATEGY INC  : Other Events (form 8-K)
AQ
03/09Bitcoin surges higher, narrows gap to record high
RE
03/08MICROSTRATEGY INCORPORATED  : Rush to bitcoin? Not so fast, say keepers of corpo..
RE
More news
Financials (USD)
Sales 2021 437 M - -
Net income 2021 22,4 M - -
Net Debt 2021 - - -
P/E ratio 2021 228x
Yield 2021 -
Capitalization 6 816 M 6 816 M -
Capi. / Sales 2021 15,6x
Capi. / Sales 2022 13,1x
Nbr of Employees 1 997
Free-Float 30,9%
Chart MICROSTRATEGY INCORPORATED
Duration : Period :
MicroStrategy Incorporated Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends MICROSTRATEGY INCORPORATED
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 698,75 $
Last Close Price 711,00 $
Spread / Highest target 29,4%
Spread / Average Target -1,72%
Spread / Lowest Target -54,3%
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
Sector and Competitors
1st jan.Capitalization (M$)
MICROSTRATEGY INCORPORATED82.99%6 816
ORACLE CORPORATION16.37%217 938
SAP SE4.74%157 417
INTUIT INC.8.28%114 358
SERVICENOW, INC.-3.71%103 933
DOCUSIGN, INC.-4.20%41 122