Home MicroStrategy (MSTR) Stock Added 30% Over The Week For Riskier But Lucrative...

MicroStrategy (MSTR) Stock Added 30% Over The Week For Riskier But Lucrative Side Investments

Wednesday was not a positive day for the shares of MicroStrategy Incorporated (MSTR) as the stock price fell 0.83% on the day to conclude at $321.32, but the stock remains gaining over the past week adding nearly 30% to its value.

The positive boost since last week came on the heels of a favorable statement from Citron Research manager Andrew Left, who I better known for his short-selling strategy. MicroStrategy is a provider of business analytics and remote employee management software, but the analyst did not consider the business of the company.

5 Stocks Under $10 That Are Poised to Take Off

Investing in stocks under $10 could significantly increase the returns on your portfolio, especially if you pick the right stocks! Within this report you will find 5 top stocks that offer investors huge upside potential and the best bang for their buck.

Add them to your watchlist before they take off!

Get the Top 5 Stocks Now!

Sponsored

Analyst’s remarks were not specifically relevant to the business of MicroStrategy as he only noted that MicroStrategy can now be a destination for those who do not want to purchase bitcoins, but want to engage in this cryptocurrency’s investments. The analysis made the company more attractive destination for investors, not for all but some of them.

MicroStrategy purchased 38,250 Bitcoins in the third quarter, investing $425 million. This is a very big investment for this sort of risky investment, but they are successful so far the cost of purchased bitcoins has already reached $729 million. If Bitcoin increases to $50,000 per coin, MicroStrategy shares will hit $700, according to Andrew Left.

If this occurs at all it is unlikely that bitcoin can easily achieve a high value. In addition, there are several examples of virtual cryptocurrency exchange centers stealing funds. However, MicroStrategy will still have a company designing and selling software and services for enterprise analytics and mobile workers, even in this situation.

Buying bitcoins is a huge challenge for MicroStrategy Incorporated (MSTR), as it has invested a large portion of its cash reserve on cryptocurrencies. Yet investing in a public company that owns cryptocurrencies is clearly a less risky scenario for investors who choose to invest in bitcoins than actively engaging in an unregulated market for cryptocurrencies.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Why Iconix Brand Group Inc (ICON) stock turnaround in the after-hours on Thursday?

Iconix Brand Group Inc (ICON) shares started the Thursday, June 17, 2021, trading be losing 1.87% and close the normal trading session at $3.14...

ISun Inc. (ISUN) stock surged during current market trading. Here’s the update

ISun Inc. (NASDAQ: ISUN) stock gained by 19.51% in the current market trading. iSun, based in Burlington, Vermont, is a company built on ideals...

The Trade Desk Inc. (TTD) stock plunged during pre-market. Here’s to know why?

The Trade Desk Inc. (NASDAQ: TTD) stock gained by 0.76% at last close whereas the TTD stock price declines by 90.03% in the pre-market...

Synaptogenix Inc. (SNPX) stock soars during after-hour trading. Why so?

Synaptogenix Inc. (NASDAQ: SNPX) stock gained by 6.33% at last close while the SNPX stock price rises further by 13.48% in the after-hours trading...

CureVac Inc. (CVAC) stock soar during pre-market trading. Here’s what you should know?

CureVac Inc. (NASDAQ: CVAC) stock declined by 38.99% at the last close while the CVAC stock price gains by 11.34% in the pre-market trading...

Anpac Bio-Medical Science Inc. (ANPC) stock soars during pre-market trading. Here’s the update

Anpac Bio-Medical Science Inc. (NASDAQ: ANPC) stock gained by 0.46% at last close while the ANPC stock price surged by 22.40% in the pre-market...

VivoPower International Inc. (VVPR) stock soars during pre-market trading. What’s driving it high?

VivoPower International Inc. (NASDAQ: VVPR) stock gained by 1.13% at last close while the VVPR stock price surged during pre-market trading by 1.54%. VivoPower...

Related News

Is Check Cap Ltd (CHEK) Stock a buy now?

Things have started to change for Check Cap since the NASDAQ compliance re-gain extension.  The clinical-stage medical diagnostics company...

NIO Stock Skyrocketing After 121% YOY Growth in Vehicle Deliveries


NIO Inc. (NIO) stock is skyrocketing in the premarket after it has released its full-year 2020 delivery results, as well as their...

Here is What you should know about Hoth Therapeutics, Inc. (HOTH) Stock

Hoth Therapeutics, Inc. (HOTH) a biotech Stock trading under $3 just went 46% high on massive volume. HOTH reported this morning that...

What does Guardion Health Sciences (GHSI) Stock hold for Investors in 2021?

This year has illustrated a new pathway for the health sector and health companies are cashing in on this opportunity.

Here is Why American Battery Metals (ABML) is the Penny Stock to Watch for 2021

American Battery Metals Corporation (ABML) (soon to be called 'ABTC' or American Battery Technology Company) is a leading innovator in the field of clean...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get Notified Of Insider Trades, Analyst Upgrades & Downgrades, Earnings Updates & Best Stocks To Trade Every Single Morning

100% free. stop anytime no spam