MicroStrategy Shares down 25% As Sale of Risk Assets Grows

MicroStrategy Shares down 25% As Sale of Risk Assets Grows
фото показано с : invezz.com

2022-6-18 02:43

MicroStrategy Incorporated (NASDAQ: MSTR) shares dropped 25% as cryptocurrency-related stocks slipped in premarket trading as the world’s largest cryptocurrency, Bitcoin, dipped to its lowest level in the past 18 months. The losses were a result of the growing selloff in risk assets and after a cryptocurrency lender stopped withdrawals.

MicroStrategy leads in sector-wide decline in crypto-related stocks

Over the past two years, MicroStrategy has accumulated over 129,000 Bitcoin (BTC) tokens. As a result, MicroStrategy led the selloff, followed by other cryptocurrency equities like Riot Blockchain Inc., Coinbase Global Inc., and Marathon Digital Holdings Inc., which witnessed huge declines of around 14%. On the other hand, the MVIS CryptoCompare Digital Assets 100 Index, that measures the 100 biggest digital assets dropped around 14%.

Bitcoin dropped sharply when cryptocurrency lender Celsius Network Ltd. announced it was halting withdrawals, transfers, and swaps on its network. In addition, concerns about the long-term viability of the company’s high payouts have emerged over the last few weeks after the crash of the TerraUSD (UST) virtual currency, which guaranteed depositors rates of up to 20%.

Crash of Terra/Luna  in May affected market confidence

The possibility of increasing interest rates, a likely downturn, and the crash of the Terra/Luna network in May impacted hard on market confidence, and crypto equities have been under siege for months. The CoinShares Blockchain Global Equity Index, which covers 49 companies with cryptocurrency holdings from all over the world, has lost over 37% thus far, putting it on course for perhaps the worst yearly performance on record.

Although risk assets as a whole are down this morning, the fast decrease in Bitcoin prices has exacerbated the decline in cryptocurrency stocks. As it declined for the 7th day in succession, the world’s largest virtual currency fell by 13% and plunged just below the $24,000 barrier.

The post MicroStrategy Shares down 25% As Sale of Risk Assets Grows appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

KuCoin Shares (KCS) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $9.9109
Капитализация $0 Rank 99999
Цена в час новости $ 11.06 (-100%)

microstrategy shares cryptocurrency largest bitcoin world months

Источник: invezz.com

microstrategy shares → Результатов: 39


Фото:

“Eventually, Bitcoin Will Become A $100 Trillion Asset Class,” MicroStrategy’s Saylor Shares Key Catalyst

MicroStrategy CEO Michael Saylor does not see the Bitcoin bullish run settling any time soon until the asset realizes a $100 Trillion market capitalization threshold. Speaking on Wednesday, the billionaire who has become a key influencer in the crypto market with his Bitcoin gambits, expressed his confidence in Bitcoin’s continued rally which he believes is […]

2021-12-1 18:14


Фото:

Michael Saylor shares his sentiments on Shiba Inu and crypto regulation

Michael Saylor, MicroStrategy’s CEO, has nothing to say regarding the battle between Dogecoin (DOGE/USD) and Shiba Inu (SHIB/USD). He shared his neutral opinion on the meme coins during an interview on October 30, saying he does not have an opinion on one dog-themed coin over the other, adding that he stays in his lane, which […] The post Michael Saylor shares his sentiments on Shiba Inu and crypto regulation appeared first on Invezz.

2021-11-3 17:04


Are Coinbase shares an indirect way for institutions to invest in Bitcoin and other cryptos

The flow of institutional investment into the Bitcoin and cryptocurrency industry was a welcome change that marked the previous year. With industry behemoths like Microstrategy and Tesla going bullishThe post Are Coinbase shares an indirect way for institutions to invest in Bitcoin and other cryptos appeared first on AMBCrypto.

2021-8-26 04:00


Фото:

Capital International Buys Nearly 1 Million Shares of Bitcoin-Focused Microstrategy

Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins. Capital International Investors (CII) informed the SEC in a filing dated July 12 that it has purchased shares of Microstrategy’s Class A common stock (MSTR). The filing states: […]

2021-7-12 03:00


Morgan Stanley Increases its Stake In BTC HOLDer MicroStrategy to 10.9%

Banking giant Morgan Stanley has jumped on the Bitcoin bandwagon via MicroStrategy Inc. by increasing its stake in the company to more than 10% late last year. According to a filing with the US Securities and Exchange Commission (SEC) on Friday, the investment management arm of the bank held 792,627 shares of MicroStrategy by the […] The post Morgan Stanley Increases its Stake In BTC HOLDer MicroStrategy to 10.9% first appeared on BitcoinExchangeGuide.

2021-1-9 18:03


Фото:

MicroStrategy Targets $400 Million In Capital Raise, Intends To Use Proceeds To Buy More Bitcoin

Business intelligence firm MicroStrategy is looking to boost its war chest with a capital raise. The company revealed on Monday that it is planning to sell $400 million in convertible senior notes — debt securities that can be converted into the issuing company’s shares — to “qualified institutional buyers” only in a private sale. MicroStrategy […]

2020-12-8 15:04


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

How to create a cryptocurrency: ultimate guide

How to create a cryptocurrency coin? Think creating your own coin is rocket science? It’s not! With the right tools and a bit of guidance, anyone can get started and launch their very own cryptocurrency.  In this article, we’ll walk…

Cookie DAO launches platform to track performance of AI agents

Cookie DAO has introduced Cookie. fun, a platform that tracks AI agents’ performance in real-time across blockchain activity and social media. The platform offers both human and AI investors a clear way to evaluate on-chain and market metrics for these rapidly growing agents.