Stocks and Investing
Stocks and Investing
Wed, December 4, 2024
[ 03:01 AM ] - Thomas Matters
[ 02:31 AM ] - Thomas Matters
[ 02:01 AM ] - Thomas Matters
[ 12:01 AM ] - Thomas Matters
[ 12:01 AM ] - Thomas Matters
Tue, December 3, 2024
[ 11:31 PM ] - Thomas Matters
[ 11:31 PM ] - Thomas Matters
[ 09:31 PM ] - Thomas Matters
[ 08:31 PM ] - Thomas Matters
Michael Saylor's MicroStrategy Has Quintupled This Year. Now, a Formerly Bullish Analyst Thinks Its Time to Short the Stock.
- Michael Saylor's company MicroStrategy ( MSTR -1.85%) has arguably been the best-performing stock in the market this year, even outperforming many of the artificial intelligence darlings that have fueled the bull market. MicroStrategy is up roughly 518% this year.
The article from The Motley Fool discusses the remarkable performance of MicroStrategy, led by Michael Saylor, whose stock has quintupled in value over the past year. This surge is largely attributed to the company's significant investment in Bitcoin, which has seen a substantial increase in value. MicroStrategy has been aggressively acquiring Bitcoin, viewing it as a hedge against inflation and a store of value. The article highlights that as of the latest report, MicroStrategy holds over 174,530 Bitcoins, making it one of the largest corporate holders of the cryptocurrency. This strategy has paid off handsomely for shareholders, with the stock price reflecting the rising value of Bitcoin. However, the article also cautions investors about the volatility of Bitcoin and the risks associated with such a concentrated investment strategy, suggesting that while the returns have been impressive, the approach carries significant risk.
Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/03/michael-saylors-microstrategy-has-quintupled-this/ ]
Read the Full The Motley Fool Article at:
[ https://www.fool.com/investing/2024/12/03/michael-saylors-microstrategy-has-quintupled-this/ ]
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[ 02:31 PM ] - Thomas Matters