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Yahoo
4 days ago
- Business
- Yahoo
Vanguard Is Now the Top Investor in MicroStrategy Stock. Should You Buy MSTR Too?
In a surprising turn of events, Vanguard has emerged as the largest institutional shareholder of MicroStrategy (MSTR), holding 20.5 million shares worth approximately $9.26 billion, representing 8.55% ownership of the company. This development marks a shift for the world's second-largest asset manager, which previously dismissed Bitcoin (BTCUSD) as 'an immature asset class.' The investment positions Vanguard as the top holder in MicroStrategy, the world's largest publicly listed corporate Bitcoin holder, with 601,550 Bitcoin valued at $74 billion. More News from Barchart Is Palantir Stock a Buy Above $150? Coinbase Stock Just Hit a New 52-Week High. How Much Higher Can Crypto Week Take COIN? This Bullish Catalyst for Nvidia Stock Is Coming in September Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. Vanguard has previously criticized Bitcoin, with executives calling the cryptocurrency 'speculative' and warning that it could create portfolio 'havoc.' While competitors like BlackRock (BLK) and Fidelity launched spot Bitcoin ETFs in January 2024, Vanguard notably abstained from the crypto rush. The firm maintained its stance even as Bitcoin reached an all-time high of $123,000 earlier this month. Additionally, Vanguard CEO Salim Ramji recently reaffirmed that the company doesn't make bets on 'speculative assets,' such as Bitcoin. This quiet accumulation of MicroStrategy shares suggests Vanguard may be gaining indirect Bitcoin exposure while maintaining its public skepticism toward direct cryptocurrency investments, highlighting the complex dynamics between traditional asset managers and digital assets. Is MSTR Stock a Good Buy Right Now? Strategy, formerly known as MicroStrategy, has become the poster child for Bitcoin treasury companies. Over the last five years, MSTR stock has surged more than 3,700%, outpacing the nearly 1,200% returns of Bitcoin. This remarkable outperformance stems from Strategy's aggressive Bitcoin accumulation strategy, which began in August 2020. Strategy now holds more than 600,000 BTC on its balance sheet, making it the world's largest corporate Bitcoin holder by a wide margin. Executive Chairman Michael Saylor has transformed the software company into what he calls 'the world's first Bitcoin treasury company.' Strategy's success has sparked a wave of imitators. Even failing businesses are pivoting to Bitcoin treasury strategies, hoping to revitalize their stock prices through exposure to cryptocurrency. However, this approach carries significant risks. For instance, Strategy employs debt and leverage to acquire Bitcoin, creating what some analysts describe as an ultra-leveraged Bitcoin fund. This approach only works when Bitcoin prices rise, interest rates remain manageable, and market sentiment stays positive. Is MSTR Stock Overvalued Right Now? Out of the 13 analysts covering MSTR stock, 11 recommend 'Strong Buy,' one recommends 'Moderate Buy,' and one recommends 'Strong Sell.' The average MSTR stock price target is $543.62, 27% above the current price. With Bitcoin currently priced near $120,000 acquiring meaningful positions becomes increasingly expensive, which will create a cycle of dilutive stock offerings. While Strategy has delivered exceptional returns, investors should consider whether direct Bitcoin exposure through spot ETFs might offer similar upside with fewer operational risks and complications. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Time of India
5 days ago
- Business
- Time of India
Coinbase stock hits new yearly high at $415 as Bitcoin tops $122K — Is this just the start of a bigger Crypto Week rally?
Coinbase stock just reached a new 52-week high, climbing to $415.96 on July 17, riding the wave of a booming crypto market led by Bitcoin's sharp rise above $122,000. This milestone comes as Bitcoin continues its explosive run, more than doubling in value over the past year, fueled by growing investor interest, favorable political winds, and regulatory developments during what's now being called 'Crypto Week'. With Coinbase holding a market cap of $101 billion, investors are asking: Can COIN go even higher? Why is coinbase stock soaring right now? The surge in Coinbase stock (COIN) is closely tied to the Bitcoin rally, which has gathered intense momentum over recent weeks. Bitcoin (BTCUSD) trading above $122,000 marks a historic phase for the cryptocurrency market. Investors are watching closely as the U.S. House of Representatives prepares to debate crypto-friendly legislation, which could reshape the U.S. into a major regulatory hub for digital assets. Explore courses from Top Institutes in Select a Course Category Design Thinking Finance Public Policy Degree MBA Product Management Data Science Data Analytics others Leadership Data Science Digital Marketing Management healthcare Project Management Healthcare Operations Management PGDM MCA CXO Artificial Intelligence Cybersecurity Technology Others Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details Meanwhile, U.S.-listed Bitcoin ETFs saw over $2.7 billion in inflows last week alone, their strongest performance since launch in 2024. The crypto market is also benefiting from growing confidence in the Republican-led policy agenda, with many betting on President Donald Trump's return to power as a net positive for crypto. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Specialist Down Jackets for Ultralight Adventures Trek Kit India Learn More Undo What is Coinbase's current financial performance? Coinbase continues to show strong financial numbers. In Q1 2025, the company reported: $2.03 billion in total revenue, up 24% year-over-year, though slightly below analyst expectations of $2.11 billion Transaction revenue rose 17.2% to $1.3 billion, with: Consumer trading volume up 39% YOY to $78 billion Institutional trading volume up 23% YOY to $315 billion Subscriptions and services revenue grew 37% to $698.1 million, driven by stablecoin interest and Coinbase One Adjusted EPS stood at $1.94, slightly above the consensus estimate of $1.93 but down 23% from a year ago Adjusted EBITDA hit $929.9 million, though it declined by 8.3% YOY Coinbase ended the quarter with $8.1 billion in cash Despite higher costs, these numbers underline the company's resilience and ability to grow in a volatile market. Live Events How does the deribit acquisition change coinbase's future? One major game-changer for Coinbase this year is its $2.9 billion acquisition of Deribit, a leading global crypto options exchange. Deribit brings: Over $30 billion in open interest More than $1 trillion in non-U.S. trading volume in 2024 This deal positions Coinbase as a dominant force in crypto derivatives, giving it a stronger foothold in the global market. It also helps Coinbase diversify beyond just spot trading, opening doors to new revenue streams and deeper institutional engagement. What are analysts saying about coin stock now? Wall Street analysts remain bullish on Coinbase. Among the 30 analysts tracking the stock: 13 rate it a 'Strong Buy' 1 suggests a 'Moderate Buy' 14 recommend 'Hold' 2 advise 'Strong Sell' The average price target is currently $309.16, which is already below the current stock price of over $415. But several top analysts see more upside: Oppenheimer's Owen Lau : $395 target JMP Securities' Devin Ryan : $400 target Benchmark's Mark Palmer : $421 target Bernstein : Street-high target of $510 , implying another 24% upside from current levels Bernstein even calls Coinbase 'the most misunderstood company in crypto', believing market sentiment hasn't fully priced in its long-term value. Will coinbase earnings continue to rise or fall? Looking ahead, Q2 2025 could be mixed. Coinbase forecasts subscription and services revenue between $600 million and $680 million. However, analysts expect: EPS to drop 21% YOY to $0.84 for Q2 Full-year EPS to land at $4.90 , down 35% from last year But a 26% rebound in fiscal 2026, with EPS forecasted at $6.18 So, while short-term earnings may dip, the long-term outlook remains positive, especially if Bitcoin stays on an upward path. How much higher can coinbase stock go during crypto week? The excitement around Crypto Week, with pending U.S. regulatory reforms and rising crypto adoption, has created a near-perfect setup for Coinbase. If Bitcoin momentum continues, and institutional money keeps flowing into crypto ETFs, Coinbase stock could see another breakout. With a growing suite of services, strong brand recognition, and expanding global footprint via Deribit, Coinbase is well-positioned to ride the crypto wave. Though valuation remains high — trading at 79x forward earnings and 15x sales — bullish sentiment and solid fundamentals might justify the premium. For now, all eyes are on Bitcoin's next move, and whether this surge has more fuel in the tank. Coinbase has firmly secured its place at the heart of the crypto economy. While the stock's rapid rise may trigger some caution, the ongoing crypto boom — backed by political tailwinds and increasing institutional demand — suggests that COIN still has room to run. Investors should watch closely how Crypto Week shapes up, because it may set the tone for Coinbase's next big move. FAQs: Q1: Why did Coinbase stock hit a new 52-week high? Coinbase stock rose on strong Bitcoin prices, ETF inflows, and pro-crypto political news. Q2: What does the Deribit deal mean for Coinbase stock? It makes Coinbase a leader in global crypto derivatives with expanded institutional reach.
Yahoo
15-07-2025
- Business
- Yahoo
Crypto Week Is Here. Should You Buy MicroStrategy Stock?
MicroStrategy (MSTR) shares closed higher on Monday following SEC filings that confirmed the Virginia-headquartered firm has loaded up on another 4,225 Bitcoin (BTCUSD). MSTR spent nearly $43 billion to increase its overall BTC holdings to 601,550 between July 7 and July 13. The Bitcoin-proxy made the purchase using proceeds from at-the-market offerings. Palantir Just Launched Warp Speed for Warships. Does That Make PLTR Stock a Buy? This Analyst Just Doubled His Price Target on AMD Stock How High Can Nvidia Stock Go as Jensen Huang Heads to China? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. MicroStrategy stock has been in a sharp uptrend over the past three months, and is currently up some 96% versus its year-to-date low. MSTR shares are inching up also because U.S. lawmakers are set to debate three major pro-crypto bills: the CLARITY Act, the GENIUS Act, and the Anti-CBDC Surveillance State Act between July 14 and July 18. The so-called 'crypto week' in the House of Representavies may prove a major tailwind for MicroStrategy as it could legitimize cryptocurrencies, potentially attracting institutional capital and reinforcing the company's BTC-centric strategy. Investors' optimism is already being reflected in the price of Bitcoin that rallied past $120,000 on Monday – momentum that may soon translate into further upside for MicroStrategy stock. BTIG analysts are convinced that MicroStrategy shares have more room to the upside despite their monster rally since the first week of April. According to the investment firm, the annual 'Strategy World' conference showcased the firm's deep commitment to BTC and shareholder value creation. Additionally, it sees untapped upside in MicroStrategy's fixed-income instruments STRK and STRF, which could further enhance equity value through financial engineering. In its latest research note, BTIG explained that the market is underestimating the strategic potential of MicroStrategy's debt and investment vehicles as well. Its analysts expect MSTR stock to hit $620 over the next few months as MicroStrategy is no longer just a software firm, but a Bitcoin-native financial entity with asymmetric upside. Investors could take heart in the fact that, much like BTIG, the majority of other Wall Street firms also believe it's not yet too late to invest in MicroStrategy stock. The consensus rating on MSTR shares currently sits at 'Strong Buy' with the mean target of $535 indicating potential upside of another 19% from current levels. On the date of publication, Wajeeh Khan did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
14-07-2025
- Business
- Yahoo
Bitcoin Price Sets Another Record as it Tops $122,000
Bitcoin surged past $120,000, continuing its run to new heights. Congress is preparing to discuss three crypto-friendly bills this week that could boost digital assets. The excitement around Bitcoin is also boosting ether, as well as shares of crypto-tied firms like Strategy, MARA Holdings and Riot (BTCUSD) traded above $120,000, continuing its run to new heights as more companies are building stockpiles of the token and as Congress prepares to discuss three crypto-friendly bills this week that could give digital assets increased legitimacy. Bitcoin is was recently a bit off recent record highs above $122,000 but still above $121,000. Its gains this year are around 30%, well above the rise of the S&P 500. Crypto-tied stocks also rose in premarket trading. Shares of software maker Strategy (MSTR), the company that has popularized the bitcoin treasury strategy, are up about 3%. Shares of crypto miners MARA Holdings (MARA) and Riot Platforms (RIOT) are gaining 4.5% and 4%, respectively. Coinbase Global (COIN) was up 1.5%. Crypto will be a topic to watch in Washington in the coming days, with the House of Representatives dubbing this "Crypto Week." A vote on the GENIUS Act, which would enable private companies to issue stablecoins— digital tokens that are backed by state currencies like the dollar—is expected. So are votes on the Digital Asset Market Clarity Act, which would establish a framework for cryptocurrency regulation, and the CBDC Anti-Surveillance State Act. That latter act would prevent the Federal Reserve from issuing a central bank digital currency. The rise of bitcoin is buoying other cryptocurrencies, with ether (ETHUSD), the second-largest, trading above $3,000. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
14-07-2025
- Business
- Yahoo
Bitcoin price hits all-time high as 'crypto week' begins
Bitcoin's (BTC-USD) price headed to fresh heights against the US dollar on Monday as the US looks ahead to a potentially big week of legislative change for the crypto industry with key votes on the agenda. Bitcoin was changing hands above the $122,000 mark on Monday morning, up 3.3%, having hit all-time highs earlier. Year-on-year the cryptocurrency's price has more than doubled following the election of US president Donald Trump. Trump has carved out a reputation as being a digital asset-friendly president, having spoken at a bitcoin conference in the run-up to his election and his family launching their own crypto business and affiliated token — the ethics of which are up for debate. 'Donald Trump has talked about making America the crypto capital of the world, and now the market is hoping those words become reality," said Dan Coatsworth, investment analyst at AJ Bell. Read more: FTSE 100 LIVE: FTSE up and European markets dip amid fresh Trump tariff threats 'The crypto's price movement implies that investors and traders are expecting something significant during Crypto Week, as bitcoin has now risen by nearly 10% in just five days. This implies some FOMO (fear of missing out), a trend we've seen plenty of times in the past when bitcoin hit the headlines. 'Crypto believers are convinced digital assets are the future of finance. While there is certainly momentum in terms of investor, government and corporate interest, it is not a slam dunk. There are still more questions than answers.' This week, a number of important laws are set to be voted on by lawmakers in the US. Investment platform AJ Bell explains: The Clarity Act — aka The Digital Asset Market Clarity Act. This aims to establish a regulatory framework for digital assets including cryptocurrencies. The Genius Act — aka The Guiding and Establishing National Innovation for US Stablecoins Act. This aims to create the first federal regulatory framework for payment stablecoins, which are cryptocurrencies whose prices are pegged to another currency. The US Senate last month approved the bill, an event that is already considered to be a major milestone in the evolution of crypto. While the Act is still subject to consideration by the House of Representatives, crypto fans are hopeful it will sail through. The Act is significant as it is designed to enable private companies to issue stablecoins, and Amazon and Walmart have already indicated a desire to be among the first issuers. The CBDC Act — aka The Anti-CBDC Surveillance State Act. This aims to stop the Federal Reserve from issuing a central bank digital currency. Bitcoin's price action also buoyed the rest of the market, with ethereum (ETH-USD), the second largest cryptocurrency, rising above the $3,000 mark, up 2.8% on Monday. Exchange-listed stocks were higher, too. Crypto fund Strategy Incorporated (MSTR) (formerly known as MicroStrategy) and crypto exchange Coinbase (COIN) also rallied in premarket trading. Read more: Trending tickers: Lionsgate, Nio, Boeing, AstraZeneca and Fresnillo Pound hits three-week low as Bank of England governor hints at interest rate cut Chinese EVs take off in the UK as BYD closes in on TeslaSign in to access your portfolio
