Latest news with #MicroStrategy
Globe and Mail
8 hours ago
- Business
- Globe and Mail
Meta, Amazon and Microsoft Shareholders All Overwhelmingly Reject Strategic Bitcoin Reserve
In the latest blow to Bitcoin maximalists, Meta Platforms (META) shareholders have delivered a decisive rebuke to the idea of adding Bitcoin (BTCUSD) to the company's treasury, with more than 99% voting against a proposal to even assess such a move. This landslide rejection stands in stark contrast to the high-profile strategies of firms like MicroStrategy (MSTR), Trump Media (DJT), and GameStop (GME), and raises critical questions about the prevailing narrative that U.S. corporations are eager to adopt Bitcoin as a reserve asset. Meta's Bitcoin Proposal: The Details and the Vote At Meta's 2025 annual shareholder meeting, a resolution was introduced by Ethan Peck of the National Center for Public Policy Research, urging the company to consider converting part of its $72 billion cash pile into Bitcoin. Proponents argued that Bitcoin's fixed supply and outperformance of bonds in recent years made it a superior long-term store of value, especially amid concerns about inflation and declining bond yields. Despite vocal support from some Bitcoin advocates — including public lobbying from Strive Asset Management CEO Matt Cole at the Bitcoin 2025 conference — the proposal received less than 0.1% support, with 4.98 billion shares voted against and just 3.9 million in favor. The initiative was a very deep last among 14 proposals on Meta's ballot, and the board had already recommended against it, citing robust existing treasury management practices and no compelling reason to consider Bitcoin at this time. MicroStrategy's Outlier Approach The result at Meta highlights just how much of an outlier MicroStrategy remains in the corporate world. Led by Michael Saylor, MicroStrategy has aggressively accumulated Bitcoin as a primary treasury asset, often touting it as a superior alternative to cash and bonds. This approach has attracted significant media attention and inspired a narrative that other major corporations might soon follow suit. Don't Miss: Think it's too late to invest in the booming AI sector? This one's still under the radar How This Startup is Disrupting the $4.83 Trillion Wealth Engine That's Been Hidden From Everyday Investors for Over 93 Years However, the Meta vote — and similar rejections at Microsoft (MSFT) and Amazon (AMZN) — suggests that such a strategy is far from mainstream among large U.S. blue-chip companies. While MicroStrategy's Bitcoin-centric approach has been profitable and headline-grabbing, it is not representative of broader corporate sentiment. Why the Pushback? Several factors help explain why Meta's shareholders and board were so firmly opposed: Volatility and Risk: Bitcoin remains highly volatile compared to traditional treasury assets. For companies with massive cash reserves and global operations, this unpredictability is a major deterrent. Regulatory Uncertainty: The lack of clear, consistent regulation around digital assets adds another layer of risk for public companies. While it has improved in 2025, uncertainty still remains. Core Business Focus: Shareholders and boards of major tech firms like Meta prioritize stability and predictability, especially in a rapidly evolving industry. Diverting attention and resources to speculative assets is seen as a distraction from core business objectives. Shareholder Conservatism: The overwhelming vote against the proposal reflects a broader preference among institutional investors for traditional, proven treasury management practices. The Bigger Picture: Bitcoin Treasuries Remain the Exception, Not the Rule Meta's resounding rejection means that, despite the vocal advocacy from some corners of the crypto world, the idea of widespread corporate Bitcoin treasuries is more hype than reality. The narrative that U.S. tech giants are on the verge of following MicroStrategy's lead is not supported by shareholder sentiment or boardroom decision-making at the largest firms. While some companies may continue to experiment at the margins, the overwhelming trend among major corporations is to stick with conservative, traditional treasury strategies—at least until regulatory clarity improves and digital assets demonstrate a more stable risk profile. Conclusion Meta's shareholder vote is a clear signal: for now, the world's largest corporations are not rushing to adopt Bitcoin as a core treasury asset. The MicroStrategy playbook remains an outlier, and the narrative of a corporate Bitcoin gold rush is, at best, premature. Instead, blue-chip companies are prioritizing stability, regulatory compliance, and their core business missions over speculative crypto bets.
Business Upturn
12 hours ago
- Business
- Business Upturn
PAIRMiner Launches $150 Cloud Mining Incentive as Institutional Bitcoin Holdings Reach Historic Levels
Amid a surge in institutional Bitcoin investments, PAIRMiner introduces a free cloud mining offer to make crypto access easier for everyday users . Image by PAIRMiner LOS ANGELES, May 31, 2025 (GLOBE NEWSWIRE) — Cloud mining platform PAIRMiner today announced the launch of a $150 cloud computing power incentive for new users , a move aimed at expanding access to cryptocurrency mining as Bitcoin adoption accelerates globally. The announcement comes as major institutional investors continue to increase their exposure to Bitcoin. Recent reports indicate that large-scale accumulations—such as the one attributed to MicroStrategy founder Michael Saylor's firm—have pushed institutional Bitcoin holdings to record highs, signaling strong confidence in the long-term value of the cryptocurrency. In this context, PAIRMiner's new user incentive seeks to lower the barriers to entry for everyday individuals looking to participate in crypto mining without the need for technical equipment or expertise. 'We believe the future of cryptocurrency should be inclusive,' said a spokesperson for PAIRMiner. 'By providing an accessible, hardware-free mining solution, we're helping more people benefit from the evolving digital asset economy.' New users who register on will receive $150 in free cloud computing power, allowing them to begin mining immediately. Users can earn cryptocurrency through daily automatic settlements and have the option to reinvest or withdraw once their cumulative profits reach $150. PAIRMiner is registered under FCA oversight and supports multiple leading cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC). The platform also features a referral program that rewards users for expanding the network, aligning with its community-focused growth model. Choose a suitable mining contract and start to get a stable daily income. With Bitcoin prices hitting new highs and global institutions expanding their crypto portfolios, PAIRMiner aims to bridge the gap between professional mining and everyday participation. About PAIRMiner Founded in 2009, PAIRMiner is a cloud-based cryptocurrency mining platform committed to making digital asset earning more accessible. The company leverages advanced infrastructure and user-friendly tools to provide secure, low-barrier mining services globally. PAIRMiner operates under financial regulatory supervision and supports multiple mainstream cryptocurrencies. Media Contact:HeindrovaPAIRMiner [email protected]
Yahoo
a day ago
- Business
- Yahoo
Saylor has a shocking backup plan if Strategy stock crashes below $1
Saylor has a shocking backup plan if Strategy stock crashes below $1 originally appeared on TheStreet. At the Bitcoin conference in Las Vegas, Strategy's Executive Chairman, Michael Saylor, addressed concerns surrounding the company's market performance, specifically where there was speculation on what would happen if its multiple to net asset value (mNAV) dropped below 1 (which occurred in a prior bear cycle). Saylor drew a stark contrast between Strategy and the Grayscale Bitcoin Trust (GBTC), stating that while GBTC was a closed-end trust without any capital structure flexibility, Strategy operated as a fluid business. "For any company to fall below one mNAV, shareholders have lost faith in the management," he said, as per Coindesk reports. He explained that if the stock price of Strategy fell low enough, the company could sell some of its financial products, such as STRK and STRF, to raise money, and then use that money to buy its stock. This would improve the stock price and communicate to investors that the company is strong and in control. "To create value, you need option value. The more options, the greater the value," Saylor explained. Saylor emphasized Strategy's access to three capital markets from ATM, which he termed the foundation of the company. 'What makes our company a monster,' he concluded, 'is having multi-channel liquidity and operational flexibility.' Saylor's conclusion about Strategy's flexibility to navigate future volatility. Yesterday, on May 29, MicroStrategy shares remained stable, indicating that MicroStrategy's shareholders are confident in Bitcoin's long-term potential as a cryptocurrency, given that MicroStrategy's investment strategy centers on holding Bitcoin. Bitcoin fell approximately 1.65% over 24 hours to approximately $106,009, while MicroStrategy shares incrementally gained approximately 0.64% to $366.57. Bitcoin is currently trading at $105,262.05, down about 1.60% as Kraken's price indicates, and MicroStrategy's stock is currently also down about 1.69%, nearly the same amount that Bitcoin declined in the last 24 hours. Saylor has a shocking backup plan if Strategy stock crashes below $1 first appeared on TheStreet on May 30, 2025 This story was originally reported by TheStreet on May 30, 2025, where it first appeared. 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
a day ago
- Business
- Yahoo
MicroStrategy Rises 28% Year to Date: Buy, Sell or Hold the Stock?
MicroStrategy MSTR shares have appreciated 27.9% year to date (YTD), outperforming the Zacks Computer Software industry's rise of 5.9% and the broader Zacks Computer and Technology sector's fall of 1.7%.MicroStrategy is the world's largest Bitcoin treasury company holding 553.555 bitcoins as of April 27, 2025, representing 2.6% of all bitcoins in existence. As of April 28, more than 70 publicly listed companies, including the likes of Marathon Digital MARA, Semler Scientific SMLR and KULR Technology KULR hold 720,728 bitcoins worth $68.5 shares have outperformed Marathon Digital, Semler Scientific and KULR Technology shares, YTD. Marathon Digital, Semler Scientific and KULR Technology shares fell 12.9%, 25.8% and 67.9%, respectively, over the timeframe. Image Source: Zacks Investment Research The stock is currently trading above the 50-day and 200-day moving averages, indicating a bullish trend. Image Source: Zacks Investment Research However, bitcoin's volatility is a headwind for MSTR. Bitcoin is now trading above $105,891, much higher than the $76,000 it registered in early April. As of May 25, 2025, MSTR holds 580,250 bitcoins for a total purchase cost of $40.61 billion at an average price of roughly $69,979. The company benefits from the Trump administration's announcement of the establishment of a strategic Bitcoin reserve. Growing recognition of bitcoin as an asset class has attracted institutional interest, setting the stage for deeper integration of bitcoin into the U.S. financial system. These developments bode well for MicroStrategy's prospectsMSTR benefits from increasing bitcoin yield, 13.7% year to date (as of April 28, 2025), keeping the company on track to reach full year target of 15%, which is now raised to 25% and bitcoin dollar gain target to $15 billion (up from initial target of $10 billion). Bitcoin gains in dollar terms were $4.1 billion in the first quarter of 2025 and $5.8 billion as of April 28, 2025. The company's disciplined approach to capital raising through preferred equity offerings — Strike (8% convertible preferred is trading with an effective yield of roughly 9%) and Strife (10% fixed coupon perpetual preferred) — is a key catalyst. As of April 28, 2025, MSTR raised $6.6 billion through equity offerings and $3.4 billion through fixed income ($2 billion from convertible notes, $0.7 billion each through Strike and Strife).MicroStrategy has issued $20.9 billion in equities and $6.4 billion in fixed income securities as part of its 21/21 plan since Oct. 30, 2024. The company has $14.6 million remaining under fixed income securities and $0.1 million under equities as part of the existing plan. MicroStrategy currently plans to raise $42 billion through equity issuance and $42 billion through fixed income securities by the end of 2027. Under the current plan, the company has $21.1 billion in equity and $35.6 billion in fixed income securities remaining to be issued. MicroStrategy is benefiting from growing software subscription revenues that surged 62% year over year to $37.1 million and accounted for 33% of first-quarter 2025 total revenues. Subscription billings grew 38% year over year to $24.5 million. The company benefits from continuing cloud demand with its flagship Strategy One that powers some of the largest analytics deployments in the world. Strategy One supports varied industries, including retail, banking, technology, manufacturing, insurance, consulting, healthcare, telecommunications, and the public sector. MicroStrategy is leveraging generative AI to automate and accelerate the deployment of AI-enabled applications across rich partner base that includes the likes of Amazon Web Services, Microsoft, STACKIT, and Google is a growth driver. For second-quarter 2025, the Zacks Consensus Estimate for MSTR's loss has been steady at 12 cents per share over the past week. The company reported a loss of 76 cents in the year-ago quarter. MicroStrategy Incorporated price-consensus-chart | MicroStrategy Incorporated Quote For 2025, the Zacks Consensus Estimate for MSTR's loss has been steady at 41 cents per share over the past week. The company reported a loss of $6.72 per share in 2024. MicroStrategy shares are overvalued, as suggested by the Value Score of F. In terms of Price/Book, MicroStrategy is trading at 3.06X compared with Marathon Digital's 1.38X and Semler Scientific's 2.38X, suggesting a premium valuation. Image Source: Zacks Investment Research Image Source: Zacks Investment Research MicroStrategy benefits from its growing bitcoin holdings and increasing subscription revenues. However, challenging macroeconomic conditions and uncertainty about tariffs increase volatility in bitcoin trading. Stretched valuation is a currently has a Zacks Rank #3 (Hold), which implies that investors should wait for a better entry point to accumulate the stock. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report MicroStrategy Incorporated (MSTR) : Free Stock Analysis Report Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
GameStop Corp. (GME) Slides as Investors React to $500 Million Bitcoin Purchase
GameStop Corp. (NYSE:GME) announced on Wednesday that it has officially purchased 4,710 bitcoins, valued at over $512 million, marking the company's first move into cryptocurrency. The purchase mirrors a strategy popularized by MicroStrategy and represents the video game retailer's shift toward digital asset investment. The acquisition was made at an average price of $108,837 per bitcoin. GameStop Corp. (NYSE:GME) had initially signaled its interest in adding crypto to its balance sheet earlier this year, with CNBC reporting the plan in February. The company later confirmed in March that there was no cap on how much bitcoin it might acquire. Despite the scale of the investment, GameStop Corp. (NYSE:GME) shares fell by 10.9% on Wednesday. This decline came after the company revealed it would be moving away from its traditional video game retail business to focus more on cryptocurrencies. According to a March SEC filing, GameStop aims to raise $1.3 billion through convertible notes as part of the shift. The filing noted that the strategy is designed to maintain liquidity for daily operations while seeking higher investment returns. Vitaliy Shtyrkin, chief product officer at crypto payment processor B2BINPAY, believes that Bitcoin might not be the perfect solution GameStop expects. He pointed out that Bitcoin's well-known price swings, which attract Strategy investors, bring additional risks for GameStop's investors. He also noted that the company's stock is already struggling due to falling video game sales. He made the following comment: "Bitcoin is exciting for a loyal investor base, but it distracts from core fundamentals: if crypto prices drop, GameStop may easily end up in a double-bind." GME has surged by nearly 2% since the start of 2025. While we acknowledge the potential of GME to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than GME and that has 100x upside potential, check out our report about this cheapest AI stock. READ MORE: and Disclosure. None. 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
