MicroStrategy Stock Has Gained 452% In First Year On Corporate Bitcoin Standard

2021-8-13 04:00

One year since adopting a corporate Bitcoin standard, MicroStrategy's stock has exploded as the bitcoin price has risen 306%.

The below is from a recent edition of the Deep Dive, Bitcoin Magazine's premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

“This is not a speculation, nor a hedge. It is a deliberate corporate strategy to adopt the Bitcoin Standard.”

These were the words of CEO Michael Saylor following the announcement of MicroStrategy’s move to adopt a corporate bitcoin standard. First announced one year ago yesterday, on August 11, 2020, the move was the first of its kind and was a significant step in the history of bitcoin.

Looking back after one year, MicroStrategy stock has gained 452.92%, while the price of bitcoin has increased by 306.66%. One of the reasons for the outperformance in MSTR shares is the speculative attacks executed, by leveraging up the company balance sheet to acquire more bitcoin. 

MSTR And BTC One-Year Performance MSTR Denominated In BTC

In The Daily Dive #005, "Writing The Corporate Bitcoin Accumulation Playbook", we covered the various ways that MicroStrategy has used its access to public capital markets to acquire more bitcoin:

08/11/20 - MicroStrategy Adopts Bitcoin As Primary Treasury Reserve Asset08/11/20 - MicroStrategy Announces Commencement Of Modified Dutch Auction Tender Offer To Purchase Up To $250 Million Of Its Class A Common Stock12/07/20 - MicroStrategy Announces Proposed Private Offering Of $400 Million Of Convertible Senior Notes12/11/20 - MicroStrategy Completes $650 Million Offering Of 0.750% Convertible Senior Notes Due 202512/21/20 - MicroStrategy Announces Over $1B In Total Bitcoin Purchases in 202002/16/21 - MicroStrategy Announces Proposed Private Offering Of $600 Million Of Convertible Senior Notes02/20/21 - MicroStrategy Completes $1.05 Billion Offering Of Convertible Senior Notes Due 2027 At 0% Coupon And 50% Conversion Premium With Bitcoin Use Of Proceeds02/24/21 - MicroStrategy Acquires Additional 19,452 Bitcoins For $1.026 Billion06/07/21 - MicroStrategy Announces Proposed Private Offering Of $400 Million Of Senior Secured Notes06/14/21 - MicroStrategy Completes $500 Million Offering Of 6.125% Senior Secured Notes Due 2028 With Bitcoin Use Of Proceeds06/14/21 - MicroStrategy Launches “At the Market” Securities Offering For Flexibility To Sell Up To $1 Billion Of Its Class A Common Stock Over Time

Saylor and MicroStrategy took a lot of heat in particular for the latest $500 million junk bond debt raise and subsequent bitcoin purchase, when the odds remain incredibly in favor of Saylor and MicroStrategy. 

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 65639.16 (+0.16%)
Объем 24H $29.723b
Изменеия 24h: -0.28 %, 7d: 4.34 %
Cегодня L: $65194.83 - H: $65690.13
Капитализация $1293.05b Rank 1
Цена в час новости $ 44832.54 (46.41%)

bitcoin corporate microstrategy stock year standard exploded

Источник: bitcoinmagazine.com

bitcoin corporate → Результатов: 126


Фото:

Current Bitcoin Whale Population Looks Exactly Like September 2017, Just As BTC Ascended To $20K

Over the last few days, bitcoin’s price action has been quite dramatic. On June 15, the bellwether cryptocurrency tumbled below $9k alongside the US stock market which also took a dive. A few hours later, however, the cryptocurrency rebounded to as high as $9,500 after the Fed announced it will begin purchasing individual corporate debt. […]

2020-6-17 14:26


Фото:

Dubai Launching Crypto Valley in Tax-Free Zone

A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, events, […] The post Dubai Launching Crypto Valley in Tax-Free Zone appeared first on Bitcoin News.

2020-1-27 19:30


Фото:

Dubai Launching Crypto Valley in Tax-Free Zone – No Personal or Corporate Income Tax

A Dubai government authority has announced that it is launching a crypto valley in the country’s free zone where there is no personal or corporate income tax. With the help of its partners from the Swiss crypto valley, Dubai will offer a variety of services such as incubation for startups, coworking facilities, blockchain training, education, […] The post Dubai Launching Crypto Valley in Tax-Free Zone – No Personal or Corporate Income Tax appeared first on Bitcoin News.

2020-1-27 19:30


Фото:

Bitcoin Is a Weapon for Free Speech in the Face of Government and Corporate Censorship

The latest skirmishes in the bruising trade war between the U.S. and China have led to the unlikely politicization of the NBA. But how did the views of a basketball executive become such a political football? And what does China’s ideological commitment to censorship say about the value of free speech and of free speech […] The post Bitcoin Is a Weapon for Free Speech in the Face of Government and Corporate Censorship appeared first on Bitcoin News.

2019-10-15 17:30


Фото:

Dubai Unveils Ethereum and Hyperledger-Powered Business Registry Platform

Dubai authorities have announced the launch of a Unified Business Registry Platform (UBRP) built on Hyperledger fabric and the Ethereum enterprise blockchain. The primary objective of the UBRP is to introduce a better regulation model and enable license issuers to seamlessly manage their trade licenses and corporate registries, reports Saudi Gazette on October 7, 2019.

2019-10-9 01:00


On The Way To New Highs: Corporate America Falls Head Over Heels For Bitcoin

While the US government has shown its intense dislike and mistrust for Bitcoin, Corporate America is smitten with the cryptocurrency and has fallen head over heels for it. Square which is one of the largest payments processing firms on earth has a division for cryptocurrencies and a Bitcoin lover is heading it! Jack Dorsey who […] The post On The Way To New Highs: Corporate America Falls Head Over Heels For Bitcoin appeared first on ZyCrypto.

2019-8-3 14:11


Фото:

Bitcoin Still Legal In India; Crypto Regulation in Works

Bitcoin will remain legal in India while the government works on regulations, a minister has said in new positive comments on the fate of the industry. Finance Minister: Bitcoin Regulations Coming Responding to a request for clarity on the state’s view of cryptocurrency, Anurag Thakur, India’s Minister of State for Finance & Corporate Affairs, firmly denied any token was illegal.

2019-7-19 10:59


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru