关于加密货币相关公司股票情况 - 股票市场大多关注加密货币 多数投资者认为比特币价格上涨相关加密货币公司股票都会上涨这一想法存在缺陷[1] - MicroStrategy公司股票单日暴跌18.2% 市值缩水超25%[2] - Coinbase公司股票在比特币创新高当日下跌超7.6%[3] MicroStrategy公司股票下跌原因 - 公司CEO Michael Saylor将自由现金流再投资到比特币持有上 过去这种做法使资产负债表受益[4] - 市场担心Saylor被过去成功蒙蔽 公司持续稀释股东权益 此次将募资30亿购买比特币[5] - 投资者需权衡被稀释股权换取比特币资产负债表杠杆的利弊 过去12个月股票上涨705% 但目前分析师目标价为331.1美元 较当前股价可能下跌14.6%[6] - Saylor在比特币历史高位募资购买比特币 可能收益不再可观[7] Coinbase公司情况 - 不同于MicroStrategy通过资产负债表押注比特币 Coinbase优势在于无论比特币价格如何都会表现良好 至少华尔街目标价背后可能是这种想法[8] - Needham & Company重申Coinbase“买入”评级 之前目标价290美元 现在因市场活动和对比特币关注增加 目标价应为375美元 较当前需上涨28%才能证明新观点正确[9][10] - Coinbase的CEO Brian Armstrong可能成为美国新政府监管加密货币事务的候选人 若被任命将有助于Coinbase成为全球金融市场的重要参与者[11][12] - 随着比特币被华尔街更广泛接受 监管必然跟进 Coinbase将发挥作用[14] MicroStrategy与其他股票对比 - 分析师推荐五只股票优于MicroStrategy 目前MicroStrategy虽有“买入”评级 但不在分析师悄悄推荐给客户的五只股票之列[15][16]

核心观点 - Citron Research的Andrew Left认为MicroStrategy公司股票近期走势不会太好并做空该公司股票Doug Kass也有类似观点尽管Left仍看好比特币走势MicroStrategy公司股票近期因比特币策略上涨但有人认为其过热 [1][3] 相关要点总结 - Andrew Left周四宣布做空MicroStrategy公司股票尽管他仍看好比特币走势他认为MicroStrategy公司股票交易量已完全脱离比特币基本面 [1][2] - Left的公司在2020年MicroStrategy公司股票每股低于250美元（拆股前）时看好该公司当时预测股价可达700美元如今股价已涨至5000美元（调整后）所以他做空该公司股票并表示尊重MicroStrategy公司相关人员但认为股票过热 [3] - Seabreeze Capital Partners的Doug Kass周四上午从533.78美元开始做空MicroStrategy公司股票截至撰写本文时他已经回补了至少75%的初始空头头寸他分别在468美元和429.10美元回补了一半和四分之一的初始空头头寸 [3] - MicroStrategy公司最近几周股价加速上涨因为公司继续执行积累数十亿美元比特币的战略10月底公司宣布计划在未来三年筹集420亿美元继续购买比特币截至11月17日公司共持有331200枚比特币平均购买价格约为每枚49874美元 [4] - 周四上午MicroStrategy公司股票在盘前交易中高于540美元在开盘时回落Left宣布做空后继续走低根据Benzinga Pro的数据在发布时该公司股票上涨0.8%至477.95美元 [5]

Bubbles Always BurstHistory is littered with the memories of epic bubbles in various markets worldwide. “Tulip Mania” took the Netherlands by storm in the 17th century when tulip bulb prices exploded to extraordinary heights before crashing down to earth. In the early 1980s, the billionaire Hunt brothers, believing that inflation would run rampant, attempted to corner the market in silver by acquiring roughly 30% of the privately held silver. Silver prices soared before suffering a rapid order 50% drawdown. ...

Microstrategy (MSTR 10.05%) continues its incredible run as the company sells more debt and equity to buy more Bitcoin (BTC 2.13%). Shares were up as much as 16% in trading on Wednesday and are up 12.5% near the end of trading on Wall Street.On Monday, the company announced it had acquired 51,780 Bitcoin for approximately $4.6 billion at an average price of $88,627. On Wednesday, the company announced the pricing of $2.6 billion of 0% convertible senior notes due in 2029. The notes could convert into cash o ...

Key TakeawaysMicroStrategy shares surged again Wednesday, lifted by bitcoin's recent record-high.The technology company is the largest corporate holder of bitcoin, with about $31 billion worth in its portfolio.MicroStrategy stock is up nearly 700% this year, even outperforming bitcoin itself. MicroStrategy (MSTR) shares rocketed higher again Wednesday, as the largest corporate holder of bitcoin reaps the benefits of record high prices for the cryptocurrency.  The price of bitcoin hit a record of more than $ ...

The board of Acurx Pharmaceuticals approved Wednesday the purchase of up to $1 million in bitcoin to hold as a treasury reserve asset. Shares of the the company were last lower by more than 6% after spiking about 8% in premarket trading."As demand for bitcoin grows, and so does its acceptance as a major and primary asset class, we believe that bitcoin will serve as a strong treasury reserve asset for cash not needed over the next 12 to 18 months" CEO David P. Luci said in a statement."Its limited supply and ...

Key TakeawaysMicroStrategy shares could remain in focus on Tuesday after soaring 13% to a new record high following news the software analytics company had purchased an additional $4.6 billion of bitcoin. Gains in the stock have accelerated since breaking out above a rectangle formation, with share turnover registering its highest level last week since going public in 1998.A bars pattern, which takes the stock’s trend higher from October 2023 to March this year and repositions it from the rectangle formatio ...

公司投资比特币情况 - 公司是比特币最大的企业持有者且不断增持 [1] - 公司计划筹集420亿美元购买更多比特币 其中一半资金来自固定收益证券另一半来自股权 预计需三年筹集完所有资金 截至11月11日公司拥有超27.9万枚比特币 较年初的18.9万枚有所增加 [3][4] 公司投资比特币的风险 - 公司筹集资金购买比特币是高风险策略 若比特币价值下降投资者可能对公司股票看跌 2022年比特币下跌65%时公司股票下跌74% [5][6] - 公司如今更像比特币控股公司 近期企业软件销售额下降超10% 重点在增持比特币而非拓展核心业务 公司易受比特币估值变化影响 上季度净亏损3.4亿美元 超营收（1.16亿美元）两倍 主要因数字资产减值损失达4.12亿美元 [7][8] 对比直接投资比特币 - 若看好比特币 直接持有数字资产或交易所交易基金可能比持有公司股票更好 公司估值表明其更像数字货币而非典型股票 其预期市盈率超1200% 按营收算股票估值也很荒谬 是过去12个月销售额的145倍以上 [9][10] 公司最新筹资举措的影响 - 公司最新筹资购买比特币的举措风险很高 无助于改善公司基本面 只会让公司比现在更具风险和投机性 [11]

Michael Saylor is a perennial crypto bull.Bitcoin (BTC 3.44%), the world's largest cryptocurrency, has been on a great run this year and has roughly doubled -- well ahead of the bull market and hitting new all-time highs. The token has benefited from the creation of spot Bitcoin exchange-traded funds (ETFs), lower interest rates, and a growing view that the token could be a hedge against inflation.However, Bitcoin may just be getting started, according to MicroStrategy Executive Chaiman and billionaire inve ...

Though many technology and cryptocurrency stocks have achieved massive success in 2024, with MicroStrategy (NASDAQ: MSTR) being a prime example as it is up 420.42% year-to-date (YTD), few have matched the feat accomplished by one nano-cap Bitcoin (BTC) miner.BTC Digital Ltd. (NASDAQ: BTCT) entered an incredible surge during the November 12 session and rallied 316.67% within a single session from its previous closing price of $2.52 to $10.50. At one point on Tuesday, the rally appeared even more remarkable a ...