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On July 31, MicroStrategy (MSTR) published explicit forward guidance, “We will not issue MSTR below 2.5x mNAV except to pay interest and dividends.” Fast forward to this morning, and founder Michael Saylor has modified that guidance entirely, allowing dilution of MicroStrategy shareholders “when otherwise deemed advantageous to the company.” That remarkable about-face leaned heavily on the boilerplate disclaimer in its Q2 earnings that states, “Actual results may differ materially from these forward-looking statements.” MicroStrategy is the world’s largest bitcoin treasury company, holding $73 billion worth of BTC. Unlike most companies, investors primarily value its common stock not on a traditional earnings multiple but, instead, on a multiple to Net Asset Value or ‘mNAV.’ Over time, the company has sold various forms of debt and dividend-yielding preferred shares to raise cash to buy bitcoin. These non-dilutive sales accrete bitcoin holdings for MSTR shareholders and ra...

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MicroStrategy Bitcoin buy signals emerged once again on June 22 as Michael Saylor posted a cryptic Bitcoin chart with “Nothing Stops This Orange.” This follows Saylor’s familiar pattern of social media hints before major MicroStrategy Bitcoin buy announcements. The company, at the time of writing, holds 592,100 BTC worth over $60 billion, which represents approximately 2.8% of Bitcoin’s total supply right now. MicroStrategy portfolio tracker showing $60.36 billion holdings – Source: saylortracker.com Also Read: Metaplanet Buys Another 1,111 Bitcoin Worth $111M; BTC Eyes $117K MicroStrategy Bitcoin Buy Sparks Forecast of $21M and Holdings Surge Source: CryptoSlate The latest MicroStrategy Bitcoin buy speculation also coincides with Saylor’s boldest prediction yet. At BTC Prague 2025, he declared that Bitcoin will hit $21 million by 2046, which is an upgrade from his previous $13 million forecast for 2045. Saylor said: “I think we’re going...

Japanese MicroStrategy rival MetaPlanet has outperformed Michael Saylor’s bitcoin (BTC) acquisition company by 317% year-to-date. Since January 1, 2025, MicroStrategy has rallied 27% while MetaPlanet has surged 430%. Assuming an equal $1,000 investment in both companies at the start of the year, the MetaPlanet position would be 317% larger today: $5,300 versus the $1,270 MicroStrategy position. Although both companies have announced plans to pay dividends to preferred shareholders, neither pays them to common shareholders. Comparing performance based on stock prices alone is, therefore, appropriate. Year to date, MicroStrategy has increased its BTC holdings 33% from 446,400 to today’s 592,100. Starting with a far smaller treasury, MetaPlanet made notable strides to catch up. In 2025, MetaPlanet rapidly increased its BTC holdings by 467% from 1,761 to today’s 10,000 . Historically, MetaPlanet benefited from a unique position in capital markets, long enjoying a near-...

With the price of bitcoin down 10% and global crypto markets losing half a trillion dollars since the start of the year, investors are questioning the mainstream narrative that institutional demand would drive up the price of bitcoin. This year, giant companies like Tether, MicroStrategy, and Blackrock have been gobbling up tens of thousands of bitcoin, yet their efforts have not stopped its declining price. Once upon a time, tether (USDT) supposedly pumped the price of bitcoin. In years past, according to researchers like John Griffin and Amin Shams, the minting of the world’s most popular, intermittently backed, stablecoin empowered market manipulators to induce demand for bitcoin. Despite the uncertainty of this theory, the idea of Tether’s power has remained popular. Similarly, institutional demand was supposed to propel bitcoin to new heights . “The institutions are coming” meme dominated discussions among many bitcoin investors over the years who predict...

The cryptocurrency community has been looking deeply into the Bitcoin (BTC) market as the asset has been exhibiting volatility. During the final week of January, the king coin was seen slipping below the $100,000 mark. Amidst this, CNBC’s Mad Money host dropped a bullish notion about the world’s largest cryptocurrency, sending most of its investors into panic mode. Also Read: Tuttle Capital Targets SEC Approval for XRP, Cardano, Chainlink, Polkadot, and Bonk ETFs “You Should Own Bitcoin” Source: Watcher Guru During his recent segment on the Mad Money show, Cramer was seen urging the community to hold BTC. Speaking to a caller on his show he said, “If you want to own Bitcoin, (you) own Bitcoin. I own Bitcoin, you should own Bitcoin. Bitcoin is a great thing to have in your portfolio.” JUST IN: Jim Cramer says "you should own Bitcoin, Bitcoin is a great thing to have in your portfolio." pic.twitter.com/HQFhRg4bpa — Watcher.Guru (@WatcherGuru) January 28, 2025 While...

1. Federal Reserve Sets Interest Rate Ceiling at 4.50% link The Federal Reserve announced its rate decision, setting the upper limit at 4.50%, in line with expectations and lower than the previous rate of 4.75%. According to the Fed’s statement, recent data indicates steady economic growth, a cooling labor market, a rise in unemployment though still at low levels, and inflation nearing but slightly above target. The committee will continue reducing the balance sheet, with the decision receiving majority support. Beth Hammack dissented, advocating to maintain rates at 4.5%-4.75%. During the press conference, Chair Jerome Powell stated that the Fed is not permitted to own Bitcoin and has no intention to change the law. The dot plot revealed a reduction in next year’s rate cut projections from four to two. Powell emphasized a more cautious approach to future rate adjustments, contingent on further progress in reducing inflation. He noted it could take one to two years to reach the inflati...

As bitcoin (BTC) surpassed $100,000 and hit an all-time high on December 4, many MicroStrategy (MSTR) investors were hoping for their bags to levitate. Unfortunately, their shares — along with those of the company’s CEO Michael Saylor — dipped considerably the following morning. MicroStrategy is a BTC acquisition company that is primarily valued on a multiple of its BTC holdings. Its shares trade independently of BTC in the market based on sentiment, supply, and demand. MSTR closed at $406 on Wednesday but fell another 4.8% by Thursday. That close logged an embarrassing 28% retracement from the company’s $543 all-time high on the same day that BTC achieved its own peak. Granted, that decline roughly matched BTC’s decline over the same period. However, price tracking doesn’t reassure investors who hope for MSTR’s outperformance. MicroStrategy is supposed to, in the minds of many investors who knowingly bought its shares at a premium m...

Despite widespread acknowledgment that MicroStrategy has issued a tremendous amount of debt to acquire most of its bitcoin, some star-struck novices believe that billionaire CEO Michael Saylor has no liquidation risk on this debt. Although the nuances of the term ‘liquidation’ are important, there are people who honestly believe that MicroStrategy cannot default on its debt no matter how low the price of bitcoin goes. That is not true. There is no free lunch on Wall Street. Lenders to MicroStrategy do have a risk of default. Specifically, they are loaning USD to MicroStrategy and expect USD or USD-equivalent repayment. Even lenders in recent series who waived all interest payments expect to receive their principal back at maturity. To be clear, no lenders have agreed to accept repayment in bitcoin, and no lenders have agreed to denominate their principal repayment in bitcoin. They lent USD and expect the USD, or its equivalent or extra amount of MSTR shares, upon loan ...

MicroStrategy (MSTR) shares soared to their highest level since March on Oct. 8, and Bernstein estimates there’s still another 51% upside potential. Despite Bitcoin’s recent dip, MicroStrategy’s stock has defied the trend, outperforming both the broader market and Bitcoin itself. The MSTR price rose 3.3% yesterday to $192.20, has surged almost 20% in the past week, and almost 54% over the past month. Bernstein analysts believe the outperformance with Bitcoin can continue, and project a potential rise to $290, driven by the company’s substantial Bitcoin holdings and long-term optimism for the crypto market. MicroStrategy Stock Rises While Bitcoin Falls Being the largest corporate holder of BTC, MicroStrategy’s share price often echoes the movements of the pioneering crypto. However, the recent increase in MSTR’s price has deviated from this trend. While the S&P 500 dropped 1% on Monday, BTC also saw its price slide from $64K to $62.8K within a...

Bitcoin price is closely linked to several financial assets but the reasons for correlation with certain precious metals and stocks can be quite different. The financial media often points out Bitcoin’s (BTC) correlation to big tech. “Bitcoin is trading like a tech stock” is a common narrative alongside BTC's often acute inverse-relationship with the United States dollar. But are these correlations set in stone, and can they be useful for predicting future price moves? Let's take a closer look at several reports analyzing the relationship between Bitcoin and various asset types.  Bitcoin's historic correlations vary across timeframes A report published in October 2022 by the Multidisciplinary Digital Publishing Institute arrived at several key conclusions regarding Bitcoin’s correlations with traditional financial assets, including: The extreme volatility of the Bitcoin market means that long-term correlations are stronger than short-term correlations; The “positive linka...