|Bid||630.80 x 1100|
|Ask||633.29 x 800|
|Day's range||589.17 - 635.57|
|52-week range||113.55 - 1,315.00|
|Beta (5Y monthly)||1.42|
|PE ratio (TTM)||N/A|
|Earnings date||26 Jul 2021 - 30 Jul 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||690.00|
(Bloomberg) -- MicroStrategy Inc.’s latest plan to buy Bitcoin is helping investors who funded the company’s crypto maneuver last week.The software developer that’s turning into a corporate shell for Bitcoin purchases said Monday that it plans to sell up to $1 billion of new equity. The proceeds can be used to buy Bitcoin.Junk bonds the company issued a week ago rallied in the aftermath. That debt, which will also fund purchases of the digital coin, specifies in the fine print that most Bitcoin
Shares of MicroStrategy (MSTR) rises 16% as it announced the completion of its offering of senior secured notes worth $500 million. The net proceeds will be utilized for purchase of bitcoin.
MicroStrategy (MSTR) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.