"Bitcoin shadow stock" MSTR is extremely popular. Fund managers are calling it a "unique monster," while the etf is restricted in trading.
The fund manager of MSTR ETF MSTU, Tuttle, has always purchased derivative contracts through brokers. When he needed an exposure worth 0.1 billion US dollars, the three companies he collaborated with could only provide a total of 20 million US dollars. He had to turn to buying call options, and recently sometimes needs a 0.5 billion US dollar exposure.
Failed to break through $0.1 million, bitcoin dropped below $0.093 million, while MSTR is still favored by two institutions on Wall Street.
Bitcoin saw strong profit-taking sentiment, continuing the weekend's decline. On the news front, Besant was nominated by the usa Treasury Secretary. Investors expect him to prioritize economic and market stability, leading to a decline in the US dollar and bitcoin, and a rise in US bonds.
U.S. stocks closed higher with all three major indices rising. The Dow, S&P, and Russell 2000 all hit record highs, while nvidia fell more than 4% against the market; bitcoin fell below $93,000, while microstrategy dropped more than 4%.
Funds continue to flow out of the technology sector, rotating into cyclical stocks. The Dow rose more than 400 points, while the Russell small cap stocks rose by 2.5% at one point. The S&P hit a new intraday high before narrowing its gains. Nvidia dropped over 4% to a three-week low, Tesla fell by nearly 4%, Nio dropped by 3.6%, but Alibaba rose by nearly 3%.
Is the future US Secretary of Commerce a new helper for cryptos? His company was exposed to holding Tether, advancing the bitcoin lending project
Financial services company Cantor, founded and led by Lutnick, reached an agreement last year to hold 5% of Tether's equity, worth as much as $0.6 billion at the time; Tether is facing investigations by the US Department of Justice for violating sanctions and money laundering regulations, with its boss stating that Lutnick will try to use his political influence to resolve the threats facing Tether; Cantor is also considering accepting Tether's support for its initial $2 billion Bitcoin collateral loan project.
10 Information Technology Stocks With Whale Alerts In Today's Session
Dow, S&P, and Nasdaq Advance While Yields Slide at the Start of the Holiday Shortened Week
Salesforce To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Monday
Barclays Maintains Overweight on MicroStrategy, Raises Price Target to $515
US stock market outlook: Dow futures hit a record high! Cryptocurrency concept stocks strengthen pre-market, MARA rises over 5%; Palantir rises 4% pre-market, opening momentum at a record high! Wade Bush raises target price.
Macy's performance announcement has been delayed, and it fell 8% before the market opened; Rocket Lab surged over 8% before the market opened, completing two rocket launches in a short period of time.
MicroStrategy Acquired 55.5K Bitcoins For $5.4B At $97,862 Each; Total Holdings Reach 386.7K Bitcoins Valued At $21.9B
MicroStrategy Analyst Ratings
MicroStrategy Shares Rise In Monday Pre-Market As Michael Saylor Reveals MSTR Generating $500M Daily Amid Bitcoin's Surge
MSTR CEO talks about being shorted: Citron doesn't understand where MSTR's premium over bitcoin comes from.
MSTR's director Michael Saylor stated that the company is making profits through volatile trades while also leveraging through ATM operations, so as long as bitcoin continues to rise, the company can still make money, which is an important profit point often overlooked by short sellers. "Based on an 80% bitcoin price difference, $3 billion in ATM financing can bring about $125 in earnings per share over 10 years."
Options Hot Review | Cryptos Concept Stocks Rally! MARA options call rate exceeds 70%; super micro computer rebounds nearly 80% within the week! call orders are being eagerly snapped up.
After nvidia released its financial report, there was a top reversal, while the call ratio for options remains above 60%; microstrategy was hit by short sellers! The implied volatility level rose to 100%.
How did the most supportive usa Congress of cryptos "sell out"?
By injecting over $0.245 billion in funds, supporting nearly 300 cryptos supporters in both houses of Congress, and weakening the opposition, cryptos are quietly expanding their political influence in the coming years.
Latest cryptos news | Market sentiment has declined somewhat, with bitcoin hovering around $98,000; the usa bitcoin spot etf had a net inflow of $3.38 billion last week, setting a historical record.
According to foreign media reports, cboe global markets announced today that it plans to launch the first batch of cash-settled index options related to the spot price of bitcoin starting from December 2nd (Monday).
Are MicroStrategy's Shares Worth Only $105? Investment Adviser Gary Black Weighs In
The nominee for the Secretary of Commerce nominated by Trump is also a cryptocurrency enthusiast, reportedly will promote bitcoin lending projects
① The Secretary of Commerce nominee Howard Lutnick, appointed by Trump, has always hoped to popularize cryptos, and his company is reportedly planning to offer dollar loans to customers secured by bitcoin; ② He will collaborate with the stablecoin company Tether, with an initial project scale of 2 billion dollars and a final goal of hundreds of billions of dollars.
Robert Kiyosaki: 'Trump Will Make America Richer Again By Being The First Bitcoin President'
Super Micro Computer, Snowflake And MicroStrategy Are Among Top 10 Large-Cap Gainers Last Week (Nov 18-Nov 22): Are The Others In Your Portfolio?