Bitcoin Tops $107K, MicroStrategy Buys More

Investopedia12-17

Key Takeaways Bitcoin hit a new all-time high of more than $107,000 Monday, after rising above $106,000 for the first-time a day prior.MicroStrategy announced yet another purchase of $1.5 billion ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492645900?lang=en_US&edition=fundamental","thumbnail":"https://www.investopedia.com/thmb/08AqMJIt8UmWUOs7J9zs2NCIj4s=/4000x2700/filters:no_upscale():max_bytes(150000):strip_icc()/NewsImages-PackageonWhatToExpect4-final-a9df5736859141919dffe9772eca6b98.png","is_english":true,"pubTime":"2024-12-17 01:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492645900","market":"sg","top_or_hot":-1,"title":"Bitcoin Tops $107K, MicroStrategy Buys More","media":"Investopedia","content":"<div>\n<p>Key Takeaways\nBitcoin hit a new all-time high of more than $107,000 Monday, after rising above $106,000 for the first-time a day prior.MicroStrategy announced yet another purchase of $1.5 billion ...</p>\n\n<a href=\"https://www.investopedia.com/bitcoin-hits-usd107k-as-microstrategy-buys-more-8761875\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bitcoin Tops $107K, MicroStrategy Buys More</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBitcoin Tops $107K, MicroStrategy Buys More\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-17 01:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/bitcoin-hits-usd107k-as-microstrategy-buys-more-8761875><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Key Takeaways\nBitcoin hit a new all-time high of more than $107,000 Monday, after rising above $106,000 for the first-time a day prior.MicroStrategy announced yet another purchase of $1.5 billion ...</p>\n\n<a href=\"https://www.investopedia.com/bitcoin-hits-usd107k-as-microstrategy-buys-more-8761875\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4601","symbol_name":"加密货币现货ETF","start_time":0,"source_url":"https://www.investopedia.com/bitcoin-hits-usd107k-as-microstrategy-buys-more-8761875","article_id":"2492645900","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/08AqMJIt8UmWUOs7J9zs2NCIj4s=/4000x2700/filters:no_upscale():max_bytes(150000):strip_icc()/NewsImages-PackageonWhatToExpect4-final-a9df5736859141919dffe9772eca6b98.png"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492645900","pubTimestamp":1734371860,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Bitcoin  prices shattered another record, rising above $107,000 with growing optimism around reports that President-elect Donald Trump may be considering establishing a bitcoin strategic reserve.The largest cryptocurrency by market cap broke the $107,000 price barrier Monday, after crossing $106,000 for first time in late trading Sunday. Meanwhile, MicroStrategy , which calls itself a bitcoin treasury company, announced yet another $1.5 billion bitcoin purchase.The company now owns 439,000 bitcoins, worth approximately $47 billion at current prices. And its bet on bitcoin has had a big impact on its stock. MicroStrategy's market cap has grown from roughly $1.1 billion in August 2020 when it first adopted its bitcoin strategy to close to $100 billion now.However, that could change for MicroStrategy come January 2025. Current accounting rules do not allow companies like MicroStrategy to record bitcoin on their books at fair value. Instead they are forced to take an impairment loss if bit","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"83042":"华夏比特币-R","BK4601":"加密货币现货ETF","BK4516":"特朗普概念","MSTR.AU":"MORNINGSTAR INTL SHARES ACT","BK4023":"应用软件","BK4593":"纳斯达克ETF","09439":"嘉实比特币-U","BK4534":"瑞士信贷持仓","BK1611":"加密货币现货ETF","BK4594":"比特币ETF概念","BK4585":"ETF&股票定投概念","BK4595":"比特币概念","09008":"博时比特币-U","MSTR":"MicroStrategy","03042":"华夏比特币","03008":"博时比特币","BK4550":"红杉资本持仓","BK4588":"碎股","03439":"嘉实比特币","BK4561":"索罗斯持仓","09042":"华夏比特币-U","BK4581":"高盛持仓","QQQ":"纳指100ETF","BK4596":"哈里斯概念","BK4600":"加密货币概念"},"translate_title":"比特币股价突破10.7万美元，MicroStrategy买入更多","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"83042":0.6,"03042":1,"QQQ":1,"MSTR.AU":1,"MSTR":1,"09439":1,"03008":1,"03439":1,"09008":1,"09042":1,"NQmain":0.69},"content_text":"Key Takeaways\nBitcoin hit a new all-time high of more than $107,000 Monday, after rising above $106,000 for the first-time a day prior.MicroStrategy announced yet another purchase of $1.5 billion worth of bitcoin last week.MicroStrategy shares may have room to run after its Nasdaq 100 inclusion, but some analysts think getting into the S&P 500 may prove harder.\n Bitcoin (BTCUSD) prices shattered another record, rising above $107,000 with growing optimism around reports that President-elect Donald Trump may be considering establishing a bitcoin strategic reserve.\n\n\n The largest cryptocurrency by market cap broke the $107,000 price barrier Monday, after crossing $106,000 for first time in late trading Sunday. Meanwhile, MicroStrategy (MSTR), which calls itself a bitcoin treasury company, announced yet another $1.5 billion bitcoin purchase.\n\n\n MicroStrategy shares were up more than 5% in recent trading Monday, and have gained over 527% year-to-date.\n\n\n  Bitcoin Prices, Nasdaq 100 Inclusion Prop MSTR Shares  \n MicroStrategy bought 15,350 bitcoins during the week ending December 15, for an average price of roughly $100,386 per bitcoin, the company reported. This purchase was financed by selling MicroStrategy shares.\n\n\n The company now owns 439,000 bitcoins, worth approximately $47 billion at current prices. And its bet on bitcoin has had a big impact on its stock. MicroStrategy's market cap has grown from roughly $1.1 billion in August 2020 when it first adopted its bitcoin strategy to close to $100 billion now.\n\n\n The exponential growth in MicroStrategy shares this year has been bolstered by rising bitcoin prices. Bitcoin rallied early this year due to demand from the newly launched spot bitcoin exchange-traded funds (ETFs), then the bitcoin halving and finally the reelection of Trump and hope of a more crypto-friendly administration.\n\n\n But MicroStrategy shares may have more room to run. Its inclusion in the Nasdaq 100 index starting next week would imply many funds and ETFs—such as the Invesco QQQ Trust (QQQ)—purchasing the stock to align their portfolios to the index.\n\n\n However, the next milestone of becoming a part of the S&P 500 index may prove to be difficult, according to Bloomberg analysts James Seyffart and Eric Balchunas. While companies need to have a market capitalization of at least $18 billion, the S&P has complete discretion about deciding which companies make the cut.\n\n\n The biggest issue for MicroStrategy could be its profitability. The company has not turned a profit in the past few quarters, the analysts said.\n\n\n However, that could change for MicroStrategy come January 2025. Current accounting rules do not allow companies like MicroStrategy to record bitcoin on their books at fair value. Instead they are forced to take an impairment loss if bitcoin prices fall while not taking any gains from rising bitcoin prices into account. Those impairments would drag down the company's profits. New rules by Financial Accounting Standards Board (FASB) allow for capturing some of that upside from rising bitcoin prices.\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"2","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492645900"}