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Twenty One Boosting Bitcoin Holdings; CEO Jack Mallers Sees $150K BTC Incoming
Twenty One Boosting Bitcoin Holdings; CEO Jack Mallers Sees $150K BTC Incoming

Yahoo

time5 hours ago

  • Business
  • Yahoo

Twenty One Boosting Bitcoin Holdings; CEO Jack Mallers Sees $150K BTC Incoming

Twenty One Capital, the bitcoin (BTC) treasury firm backed by Tether and Softbank, plans to add 5,800 BTC to its reserves ahead of a public listing through its merger with Cantor Equity Partners, the firm said Tuesday. The contribution, led by Tether as part of an existing arrangement, would bring Twenty One's total holdings to more than 43,500 BTC, over $5 billion at current prices, positioning it as the third-largest corporate Bitcoin treasury behind MicroStrategy and Tesla. Twenty One CEO Jack Mallers, who also leads bitcoin-focused payments app Strike, tied the accumulation strategy to Bitcoin's fixed supply, calling it "the scarcest thing" during a Tuesday interview with Bloomberg TV. He said price increases could accelerate as institutional and sovereign buyers compete for limited supply. "If you want more bitcoin, you don't go to the bitcoin factory. You have to go up in price,' he said. "Is there enough bitcoin for me at 120, 000? No, okay. 130k, 140k, 150k?" Mallers suggested that growing demand from ETFs and possibly nation-states could force rapid price discovery. "Bitcoin is inelastic to demand," he said, adding that market participants will "find the supply they're looking for, they're just going to have to get it at a higher price." The company will also introduce a "Bitcoin Per Share" metric to let investors track holdings directly rather than through earnings. Tether and Bitfinex will remain majority owners of Twenty One after the listing, with SoftBank holding a minority stake. Shares are expected to trade under the ticker "XXI" upon deal completion, pending regulatory and shareholder approvals. The firm says all holdings will be auditable in real time via on-chain proof of 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

MicroStrategy Rises 131% in a Year: Buy, Sell or Hold the MSTR Stock?
MicroStrategy Rises 131% in a Year: Buy, Sell or Hold the MSTR Stock?

Yahoo

time5 days ago

  • Business
  • Yahoo

MicroStrategy Rises 131% in a Year: Buy, Sell or Hold the MSTR Stock?

MicroStrategy MSTR, doing business as 'Strategy,' shares have appreciated 131% in the trailing 12 months, outperforming both the Zacks Computer - Software industry and Zacks Computer and Technology sector that have returned 22.2% and 22.8%, is the world's largest bitcoin treasury company, holding 607,770 Bitcoins as of July 20, 2025. In July, Strategy acquired 6,220 Bitcoins for $739.8 million. MARA Holdings MARA, Riot Platform RIOT and Tesla TSLA are other well-known companies that hold bitcoins in their respective balance sheets. As of March 31, MARA Holdings and Riot Platforms had 47,531 and 19,223 bitcoins, respectively, while Tesla had 11,509 bitcoins at the end of the second quarter of shares have outperformed Tesla and Riot Platform, shares of which have jumped 42.7% and 26.3% respectively, in the past year. MARA Holdings shares have dropped 21.9% over the same time frame. MSTR Stock's Performance Image Source: Zacks Investment Research MSTR stock is currently trading above the 200-day moving average, indicating a bullish trend. MSTR Stock Trades Above 50-Day and 200-Day SMAs Image Source: Zacks Investment Research MSTR Benefits From Growing Bitcoin Holding Strategy benefits from the Trump administration's announcement of the establishment of a strategic bitcoin reserve. Bitcoin, the most popular cryptocurrency, has been soaring due to increasing acceptance as a non-sovereign asset, as well as higher institutional and corporate adoption. The passing of the GENIUS Act on July 17 provides a legal background to stablecoins. Other pending regulations — The CLARITY Act and The Anti-CBDC Surveillance State Act — bode well for cryptocurrency enthusiasts. However, bitcoin's volatility is a headwind for MSTR. 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).Strategy estimates to generate net proceeds of $2.474 billion from the initial public offering of 28,011,111 shares of Variable Rate Series A Perpetual Stretch Preferred Stock (the 'STRC Stock'), at a public offering price of $90 per 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. Strategy 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. Infusion of AI Features Aids MSTR's Prospects Strategy is expanding AI capabilities with the general availability of Mosaic, an AI-powered Universal Intelligence Layer. This launch aligns with the company's shift toward cloud-first, subscription-based services. Strategy 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. Mosaic complements this growth by allowing customers to integrate data from over 200 sources, automate semantic modeling and deliver AI-ready insights across tools like Power BI, Tableau and 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. Strategy 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. Earnings Estimates Revision Trend Steady for MSTR For second-quarter 2025, the Zacks Consensus Estimate for MSTR's loss has been steady at 12 cents per share over the past 30 days. The company reported a loss of 76 cents in the year-ago quarter. MicroStrategy Incorporated Price and Consensus MicroStrategy Incorporated price-consensus-chart | MicroStrategy Incorporated Quote For 2025, the Zacks Consensus Estimate for MSTR's loss has been steady at $15.73 per share over the past 30 days. The company reported a loss of $6.72 per share in 2024. Here's Why MSTR Stock is a Hold Now Strategy shares are overvalued, as suggested by the Value Score of F. In terms of Price/Book, Strategy is trading at 3.0X compared with Mara Holdings' 1.63X and Riot Platforms' 1.78X, suggesting a premium valuation. MSTR Vs. MARA Valuation Image Source: Zacks Investment Research MSTR Vs. RIOT Valuation Image Source: Zacks Investment Research Strategy 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 Tesla, Inc. (TSLA) : Free Stock Analysis Report MicroStrategy Incorporated (MSTR) : Free Stock Analysis Report Marathon Digital Holdings, Inc. (MARA) : Free Stock Analysis Report Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research

Poll of the day: Do you think resident doctors are fairly paid for the work they do?
Poll of the day: Do you think resident doctors are fairly paid for the work they do?

The Independent

time7 days ago

  • Health
  • The Independent

Poll of the day: Do you think resident doctors are fairly paid for the work they do?

Junior doctors are staging a walkout – but are they right to demand more pay? Talks between the British Medical Association (BMA) and the government have broken down, triggering a five-day strike starting on Friday and the threat of monthly walkouts until a deal is reached. The government has already awarded a 5.4 per cent pay rise this year, bringing salaries for foundation doctors to between £38,831 and £44,439, and up to £73,992 for those in specialist training. But the BMA argues this still falls short of where pay should be, after more than a decade of real-terms decline. It is calling for pay to rise to between £47,308 and £54,274 for foundation doctors, and up to £90,989 at the top end of specialist training – a 29 per cent increase phased in over time. Health Secretary Wes Streeting has called the strike 'completely unjustified' and says the current pay offer is fair. But the BMA insists current salaries don't reflect the demands of the job or the debt many junior doctors carry from medical school. The NHS Confederation warns that each 0.1 per cent pay rise across the service costs an extra £125 million a year, and with 75,000 junior doctors in England, meeting the BMA's request could run into the billions. So, are junior doctors being underpaid – or is their demand simply unaffordable?

Strategy vs. Riot Platforms: Which Bitcoin-Focused Stock Has an Edge?
Strategy vs. Riot Platforms: Which Bitcoin-Focused Stock Has an Edge?

Yahoo

time23-07-2025

  • Business
  • Yahoo

Strategy vs. Riot Platforms: Which Bitcoin-Focused Stock Has an Edge?

Strategy MSTR and Riot Platforms RIOT are two well-known Bitcoin-focused stocks. While Strategy is the world's largest bitcoin treasury company, holding 607,770 bitcoins as of July 20, 2025, Riot Platforms offers infrastructure to mine the most popular cryptocurrency, has been soaring due to increasing acceptance as a non-sovereign asset, as well as higher institutional and corporate adoption. Bitcoin surpassed $120,000 this month, benefiting from an improving regulatory environment. The passing of the GENIUS Act on July 17 has been a key catalyst for digital assets and cryptocurrencies. The Act provides a legal background to stablecoins, which are privately issued digital money, and requires stablecoin tokens' value to be equivalent to $1, always. Other pending regulations — The CLARITY Act and The Anti-CBDC Surveillance State Act — bode well for Bitcoin enthusiasts. The liberal policies of U.S. President Donald Trump have been a key catalyst in driving adoption of Bitcoin and other cryptocurrencies. An executive order by President Trump, which directed a working group to study and propose changes to cryptocurrency regulations, bodes well for crypto enthusiasts. In March, President Trump announced the creation of a crypto reserve, including Bitcoin, Ethereum, XRP, Solana and Cardano, which augurs well for cryptocurrency-focused stocks, including Strategy and Riot Strategy or Riot Platforms, which has an edge now? The Case for MSTR Stock Strategy benefits from increasing bitcoin yield, 13.7% as of April 28, 2025, keeping the company on track to reach the full-year target of 15%, which is now raised to 25%, and the bitcoin dollar gain target to $15 billion (up from the initial target of $10 billion). 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, and $0.7 billion each through Strike and Strife).Strategy 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. Strategy is benefiting from growing software subscription revenues. The company benefits from continuing cloud demand with its flagship Strategy One, which 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. Strategy is leveraging generative AI to automate and accelerate the deployment of AI-enabled applications across enterprises. The Case for RIOT Stock Riot Platforms is a vertically-integrated Bitcoin mining company offering comprehensive and critical infrastructure to mine Bitcoin. The company has been exploring the feasibility of developing a portion of RIOT's power capacity for AI and High Performance Computing (HPC) uses. Riot Platforms' plans to spend $155.8 million between the second-quarter and fourth-quarter 2025 timeframe to develop Corsicana Phase II, Corsicana Land Acquisition & Water Access, Kentucky Infrastructure and Kentucky Miner first-quarter 2025, Riot's Bitcoin mining operations achieved greater than 88% uptime, a significant year-over-year increase. The company produced 1,530 Bitcoin in the reported quarter. As of March 31, RIOT held 19,223 Bitcoin, up 8% sequentially. Moreover, Bitcoin yield was 7% year-to-date. The company now targets a full-year hash rate growth target of 22% (7% growth in first-quarter 2025).Riot Platforms' Engineering division is benefiting from the E4A acquisition. Improving supply chains is bringing material costs down, driving margins. MSTR's Earnings Estimate Revisions Steady, RIOT's Improves The Zacks Consensus Estimate for MSTR's 2025 loss is pegged at $15.73 per share, unchanged over the past 30 days. The company reported a loss of $6.72 per share in 2024. MicroStrategy Incorporated Price and Consensus MicroStrategy Incorporated price-consensus-chart | MicroStrategy Incorporated Quote The consensus mark for Riot Platforms' 2025 loss has improved four cents to $1.44 per share over the past 30 days. The company reported earnings of 34 cents per share in 2024. Riot Platforms, Inc. Price and Consensus Riot Platforms, Inc. price-consensus-chart | Riot Platforms, Inc. Quote Stock Performance and Valuation: MSTR Vs. RIOT Year to date, Strategy shares have appreciated 47.2%, while Riot Platforms have returned 37.3%. MSTR Outperforms RIOT Image Source: Zacks Investment Research In terms of Price/Book, Strategy shares are trading at 3.63X, a premium compared with Riot Platforms' 1.7X. Valuation: RIOT is Cheaper Than MSTR Image Source: Zacks Investment Research Both Strategy and Riot Platforms are overvalued, as suggested by the Value Score of F. Conclusion Strategy benefits from its policy to hold Bitcoin on its balance sheet. However, RIOT's significant dependence on Bitcoin makes it a riskier stock due to growing volatility. Strategy's diversified business model (though software is a very small part of the business) offers some relief to investors in this a Zacks Rank #3 (Hold) company, has an edge compared with Riot Platforms, which currently has a Zacks Rank #4 (Sell).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 Riot Platforms, Inc. (RIOT) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research 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

MicroStrategy 'Stretch'-ed it too far with new product launch
MicroStrategy 'Stretch'-ed it too far with new product launch

Yahoo

time22-07-2025

  • Business
  • Yahoo

MicroStrategy 'Stretch'-ed it too far with new product launch

MicroStrategy 'Stretch'-ed it too far with new product launch originally appeared on TheStreet. MicroStrategy, now renamed Strategy, made a fresh IPO of 5 million shares of its newest perpetual preferred stock: $STRC, aka 'Stretch," on July 21. The offering, led by chief executive Phong Le and executive chairman Michael Saylor, is being sold as a strategic complement to their growing suite of Bitcoin-linked investment products. But the news is already stirring debate online. Crypto commentator RunnerXBT said, "stretch investors bout to have their a**es, stretched," which reflects the more general cynicism on social media that Strategy may be overexposing itself to a bullish Bitcoin by offering more complex is Stretch different from Strategy's other products? In a live investor presentation, Strategy makes it known that Stretch is intended to set a target price of $100 per share. Phong Le outlined in detail three important modes to aid in this: A variable dividend rate, An at-the-market (ATM) issuance, and A unique call option feature. Since August 2020, when the firm adopted a Bitcoin standard, it has generated some eye-popping returns — claiming a 104% annualized return, compared to just 59% for Bitcoin itself, and 172% over the past 12 months. Strategy has generated $21 billion in digital asset value to date in the second quarter of 2025, with Saylor stating that the company's success makes its balance sheet as strong as that of Meta and Apple. According to Strategy execs, they're 'pretty excited" about the new $STRC product and point to the monthly dividend structure — a differentiator versus instruments such as Strike or Strife. "It's not a quarterly dividend, it's a monthly dividend," said Michael Saylor, adding that potential buyers, when taking on risk, favored "regular free cash flow." The dividend will be paid monthly, with a record date on the 15th of each month and a payout on the last day of the month. At $95, Stretch could be funded at a 9.5% annual rate, and at $90, Strategy's early guidance indicated a 10% rate. Still, critics are wondering whether the introduction of yet another favorite instrument — after Strike, Strife, and Stride — constitutes brilliance or brand fatigue. With investors in fierce agreement and drawing seemingly opposed conclusions, all eyes now are on whether Stretch will snap or hold. MicroStrategy 'Stretch'-ed it too far with new product launch first appeared on TheStreet on Jul 21, 2025 This story was originally reported by TheStreet on Jul 21, 2025, where it first appeared.

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