DeFi News Daily Official TheBitTimes.com

Citi has assigned a ”Buy” rating to Michael Saylor’s struggling Bitcoin treasury firm Strategy, forecasting 61% upside over the next 12 months based on Bitcoin hitting the bank’s $181,000 price target. Strategy is a ‘’leveraged proxy’’ for Bitcoin’s performance, the Wall Street investment bank said in an Oct. 21 research note. It set a $485 price target for Strategy shares, assuming Bitcoin hits its 12-month price forecast and the company maintains its typical premium to net asset value. But its analysts warned that while the stock offers outsized upside in bull markets, it also magnifies downside losses. A 25% pullback in BTC, they warned, could swing Strategy’s NAV from a 35% premium to a discount and cut the stock’s value by as much as 61%. “The stock presents significant risks due to its positioning as a leveraged proxy for Bitcoin,” Citi analysts said. ”Its value is nearly 100% tied to the someti...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

Strategy BTC rally underperformance continues right now as Michael Saylor conceals Bitcoin addresses worth $14 billion. The Strategy BTC rally disconnect from Bitcoin’s surge past $111,000 raises investor concerns about transparency and also regulatory risks affecting the cryptocurrency giant’s market position at the time of writing. Strategy’s performance lag comparison – Source: Strategy Why Strategy’s BTC Rally Lag Fuels Regulatory Uncertainty And Market Risks Source: Strategy The Strategy BTC rally lag stems from mounting transparency concerns as Saylor refuses proof of reserves disclosure. While Bitcoin halving countdown approaches and cryptocurrency markets surge, regulatory uncertainty clouds Strategy’s $14 billion Bitcoin holdings right now, impacting the BTC rally strategy. Also Read: Class Action Lawsuit Filed Against Michael Saylor’s Strategy Over Bitcoin Saylor’s Transparency Stance Creates Market Discord Source: Strategy Strategy ho...

In two legal filings, MicroStrategy (now doing business as Strategy) has revealed that the company paused bitcoin (BTC) purchases last week. Moreover, it reminded common MSTR shareholders that they don’t have an ownership interest in any BTC the company holds. The Michael Saylor-founded company owned 528,185 BTC, acquired for an average price of $67,458, as of March 30. It still owned that exact amount yesterday. Strategy’s latest regulatory filing indicates that its so-called At The Market or “ATM” program paused entirely last week. The company sold zero shares of Class A common stock or Series A Perpetual Strike Preferred Stock last week. MicroStrategy bought 2.6% of circulating bitcoin at $67,458 apiece Read more: MicroStrategy invents a new way to dilute shareholders with STRK Further, multiple announcements by the company, which mirror disclaimers by other companies like Riot, disclaim that MSTR stock doesn’t confer any “ownership interest in the ...

Continuing the company’s acquisition strategy that has proven to be fruitful to this point, Michael Saylor’s MicroStrategy has purchased another $243 million worth of Bitcoin. Indeed, the business intelligence firm has added another 2,530 BTC to its growing stash of the leading cryptocurrency. Since August of 2020, the company has adopted a Bitcoin buying strategy. The asset’s unprecedented performance last year saw the move do wonders for MicroStrategy (MSTR) stock, surging to an all-time high of $473 in November of last year. With BTC expected to have another dominant year in 2025, the company has shown no signs of slowing down its buying habits. JUST IN: Michael Saylor's MicroStrategy buys another 2,530 Bitcoin worth $243 million. — Watcher.Guru (@WatcherGuru) January 13, 2025 Also Read: MicroStrategy: MSTR a New Wall Street Favorite As it Outperforms Bitcoin MicroStrategy Does It Again: MSTR Buys $243 Million in Bitcoin as Holding Reach $450,000 BTC For the final f...

The Bitcoin price has plunged 3% in the last 24 hours to trade at $104,193 as of 3:05 a.m. EST on a 12% jump in trading volume to $95 billion. This plunge in the Bitcoin price comes as MicroStrategy co-founder and executive chairman Michael Saylor says that the incoming president, Donald Trump, is serious about setting up a strategic Bitcoin reserve. Michael Saylor just says, “I think Trump is serious about a National #Bitcoin Reserve.” IT’S HAPPENING!!! 🚀pic.twitter.com/8xqnykmSss — Vivek⚡️ (@Vivek4real_) December 16, 2024 Saylor added that all the capital outside the US and all the 20th-century antiquated capital is going to flow into digital assets and the Bitcoin network. “The logical thing for the US is to buy it now and own the future,” he said. Bitcoin Price Slumps Along The Parabolic Curve Bitcoin (BTC) is currently trading at $ 103,976,  reflecting a  2.03% decline or a drop of $ 2,155 points from th...