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MicroStrategy Stock Split Slammed By Bitcoin-Critic Peter Schiff: 'This Really Smacks Of Desperation'

04-20

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@DiAngel:Investor hence will hold for dividends

04-20

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@SPACE ROCKET:$MicroStrategy(MSTR)$ $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$ As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91. No biggie upward movement if you ask me 🤷‍♀️🤷‍♂️ Now, let's look at how irrational the market is LOL ❓️❗️❓️❗️ Miner stocks are surprisingly high. As if there is no better time in future to buy in LOL. The amount of Bitcoins that these companies mine would be HALVED for goodness sake, NOT DOUBLED ehh!! Their profitability would be HALVED if the price of Bitcoin do not rise doubly high. That being sai

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11:13","market":"us","language":"en","title":"MicroStrategy Stock Split Slammed By Bitcoin-Critic Peter Schiff: 'This Really Smacks Of Desperation'","url":"https://stock-news.laohu8.com/highlight/detail?id=2450326161","media":"Benzinga","summary":"Economist and Bitcoin (CRYPTO: BTC) critic Peter Schiff expressed doubts about MicroStrategy Inc.’s (NASDAQ:MSTR) decision to split its stock amidst a bear market, labeling the move as an act of despe","content":"<html><body><div itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https://schema.org/Article\"><div><div><div><div><div role=\"status\"><div></div><div></div><div></div><div></div><div></div><div></div><div></div><span>Loading...</span></div><div><div role=\"status\"><div></div><div></div><div></div><div></div><span>Loading...</span></div></div></div></div><p>Economist and <strong>Bitcoin </strong><span>BTC/USD</span> critic <strong>Peter Schiff</strong> expressed doubts about <strong>MicroStrategy Inc.’s</strong> <span>MSTR</span> decision to split its stock amidst a bear market, labeling the move as an act of desperation</p><p><strong>What Happened</strong>: Schiff took to X to share his views on the Virginia-based company announcing a 10-for-1 stock split Thursday. “I don’t think I’ve ever seen a company announce a stock split when its shares were solidly in a bear market, down 35% from the high. This really smacks of desperation. MSTR looks very vulnerable for a major drop,” he wrote.</p><figure><div>\n</div></figure><p><strong>See Also: Trump Vice President Pick Coming ‘Any Time’: Betting Odds Show New Favorite Emerging</strong></p><p>Like other companies, MicroStrategy took the decision with the intention of making its shares more accessible to investors and employees, potentially broadening its shareholder base. </p><div><div></div></div><p>For the curious, a stock split increases the number of shares by reducing the value of the stock while keeping the firm’s market cap unchanged.</p><p><strong>Why It Matters</strong>: This skepticism comes in the wake of Schiff’s recent criticism of Bitcoin, which he referred to as a “fraud,” in response to a supportive post by MicroStrategy co-founder <strong>Michael Saylor</strong>, a known advocate of the world’s largest digital asset. </p><p>MicroStrategy, which calls itself the world’s first Bitcoin development company, is an industry leader in incorporating the digital asset into its corporate reserve strategy. As of this writing, the software company holds a little over 1% of Bitcoin’s total circulating supply, worth $12.9 billion, according to bitcointreasuries.net. </p><p><strong>Price Action</strong>: At the time of writing, Bitcoin was exchanging hands at $57,277.50, down 0.98% in the last 24 hours, according to data from Benzinga Pro. </p><p>Shares of MicroStrategy closed 4.05% higher at $1.358.56 during Thursday’s regular session. The stock has slumped 20% over the last month, likely due to Bitcoin’s correction.</p><p><em>Photo Courtesy: Shutterstock.com</em></p><p><strong>Read Next: </strong></p><ul>\n<li><strong>Crypto Markets Entangled With $100B In Illicit Funds Since 2019: Report</strong></li>\n</ul><p><strong><em>Disclaimer:</em></strong><em> This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.</em></p></div></div>Market News and Data brought to you by Benzinga APIs<p>© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</p></div></body></html>","source":"Benzinga","collect":0,"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>MicroStrategy Stock Split Slammed By Bitcoin-Critic Peter Schiff: 'This Really Smacks Of Desperation'</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\">\nMicroStrategy Stock Split Slammed By Bitcoin-Critic Peter Schiff: 'This Really Smacks Of Desperation'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-12 11:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/07/39742567/microstrategy-stock-split-slammed-by-bitcoin-critic-peter-schiff-this-really-smacks-of-des><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Loading...Loading...Economist and Bitcoin BTC/USD critic Peter Schiff expressed doubts about MicroStrategy Inc.’s MSTR decision to split its stock amidst a bear market, labeling the move as an act of ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/07/39742567/microstrategy-stock-split-slammed-by-bitcoin-critic-peter-schiff-this-really-smacks-of-des\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://www.benzinga.com/files/images/story/2024/07/11/MicroStratey-Bitcoin-Shutterstock.jpeg","relate_stocks":{"MSTR":"MicroStrategy"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/07/39742567/microstrategy-stock-split-slammed-by-bitcoin-critic-peter-schiff-this-really-smacks-of-des","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2450326161","content_text":"Loading...Loading...Economist and Bitcoin BTC/USD critic Peter Schiff expressed doubts about MicroStrategy Inc.’s MSTR decision to split its stock amidst a bear market, labeling the move as an act of desperationWhat Happened: Schiff took to X to share his views on the Virginia-based company announcing a 10-for-1 stock split Thursday. “I don’t think I’ve ever seen a company announce a stock split when its shares were solidly in a bear market, down 35% from the high. This really smacks of desperation. MSTR looks very vulnerable for a major drop,” he wrote.\nSee Also: Trump Vice President Pick Coming ‘Any Time’: Betting Odds Show New Favorite EmergingLike other companies, MicroStrategy took the decision with the intention of making its shares more accessible to investors and employees, potentially broadening its shareholder base. For the curious, a stock split increases the number of shares by reducing the value of the stock while keeping the firm’s market cap unchanged.Why It Matters: This skepticism comes in the wake of Schiff’s recent criticism of Bitcoin, which he referred to as a “fraud,” in response to a supportive post by MicroStrategy co-founder Michael Saylor, a known advocate of the world’s largest digital asset. MicroStrategy, which calls itself the world’s first Bitcoin development company, is an industry leader in incorporating the digital asset into its corporate reserve strategy. As of this writing, the software company holds a little over 1% of Bitcoin’s total circulating supply, worth $12.9 billion, according to bitcointreasuries.net. Price Action: At the time of writing, Bitcoin was exchanging hands at $57,277.50, down 0.98% in the last 24 hours, according to data from Benzinga Pro. Shares of MicroStrategy closed 4.05% higher at $1.358.56 during Thursday’s regular session. The stock has slumped 20% over the last month, likely due to Bitcoin’s correction.Photo Courtesy: Shutterstock.comRead Next: \nCrypto Markets Entangled With $100B In Illicit Funds Since 2019: Report\nDisclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","news_type":1},"isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":297036591702288,"gmtCreate":1713547385991,"gmtModify":1713548605299,"author":{"id":"4163066397693232","authorId":"4163066397693232","name":"qo_op","avatar":"https://community-static.tradeup.com/news/77295a87c7380122787f2aed48dda36c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4163066397693232","authorIdStr":"4163066397693232"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297036591702288","repostId":"297017180868904","repostType":1,"repost":{"id":297017180868904,"gmtCreate":1713542749391,"gmtModify":1713542753435,"author":{"id":"4100833454173050","authorId":"4100833454173050","name":"DiAngel","avatar":"https://community-static.tradeup.com/news/f7c2ee91188421bf874cdbc97fb77886","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100833454173050","authorIdStr":"4100833454173050"},"themes":[],"htmlText":"Investor hence will hold for dividends","listText":"Investor hence will hold for dividends","text":"Investor hence will hold for dividends","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297017180868904","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":297036049264896,"gmtCreate":1713547340167,"gmtModify":1713548603756,"author":{"id":"4163066397693232","authorId":"4163066397693232","name":"qo_op","avatar":"https://community-static.tradeup.com/news/77295a87c7380122787f2aed48dda36c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4163066397693232","authorIdStr":"4163066397693232"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297036049264896","repostId":"297019537518760","repostType":1,"repost":{"id":297019537518760,"gmtCreate":1713543221853,"gmtModify":1713857033537,"author":{"id":"4093561479903300","authorId":"4093561479903300","name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4093561479903300","authorIdStr":"4093561479903300"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$ </a>&nbsp;<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/MARA\">$Marathon Digital Holdings Inc(MARA)$ </a>&nbsp;<a href=\"https://ttm.financial/S/CLSK\">$CleanSpark, Inc.(CLSK)$ </a>&nbsp; As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91. No biggie upward&nbsp;movement if you ask me 🤷‍♀️🤷‍♂️ Now, let's look at how irrational the market is LOL ❓️❗️❓️❗️ Miner stocks are surprisingly high. As if there is no better time in future to buy in LOL. The amount of Bitcoins that these companies mine would be HALVED&nbsp;for goodness sake, NOT DOUBLED&nbsp;ehh!! Their profitability would be HALVED if the price of Bitcoin do not rise doubly high. That being sai","listText":"<a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$ </a>&nbsp;<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/MARA\">$Marathon Digital Holdings Inc(MARA)$ </a>&nbsp;<a href=\"https://ttm.financial/S/CLSK\">$CleanSpark, Inc.(CLSK)$ </a>&nbsp; As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91. No biggie upward&nbsp;movement if you ask me 🤷‍♀️🤷‍♂️ Now, let's look at how irrational the market is LOL ❓️❗️❓️❗️ Miner stocks are surprisingly high. As if there is no better time in future to buy in LOL. The amount of Bitcoins that these companies mine would be HALVED&nbsp;for goodness sake, NOT DOUBLED&nbsp;ehh!! Their profitability would be HALVED if the price of Bitcoin do not rise doubly high. That being sai","text":"$MicroStrategy(MSTR)$ $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$ As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91. No biggie upward movement if you ask me 🤷‍♀️🤷‍♂️ Now, let's look at how irrational the market is LOL ❓️❗️❓️❗️ Miner stocks are surprisingly high. As if there is no better time in future to buy in LOL. The amount of Bitcoins that these companies mine would be HALVED for goodness sake, NOT DOUBLED ehh!! Their profitability would be HALVED if the price of Bitcoin do not rise doubly high. That being sai","images":[{"img":"https://community-static.tradeup.com/news/6f9e39eeef3687a1ff5ee540197b3b12","width":"1440","height":"1247"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297019537518760","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":326664407777536,"gmtCreate":1720785418051,"gmtModify":1720792563328,"author":{"id":"4163066397693232","authorId":"4163066397693232","name":"qo_op","avatar":"https://community-static.tradeup.com/news/77295a87c7380122787f2aed48dda36c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4163066397693232","authorIdStr":"4163066397693232"},"themes":[],"htmlText":"d","listText":"d","text":"d","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/326664407777536","repostId":"2450326161","repostType":2,"repost":{"id":"2450326161","kind":"highlight","pubTimestamp":1720753997,"share":"https://ttm.financial/m/news/2450326161?lang=&edition=fundamental","pubTime":"2024-07-12 11:13","market":"us","language":"en","title":"MicroStrategy Stock Split Slammed By Bitcoin-Critic Peter Schiff: 'This Really Smacks Of Desperation'","url":"https://stock-news.laohu8.com/highlight/detail?id=2450326161","media":"Benzinga","summary":"Economist and Bitcoin (CRYPTO: BTC) critic Peter Schiff expressed doubts about MicroStrategy Inc.’s (NASDAQ:MSTR) decision to split its stock amidst a bear market, labeling the move as an act of despe","content":"<html><body><div itemprop=\"articleBody\" itemscope=\"\" itemtype=\"https://schema.org/Article\"><div><div><div><div><div role=\"status\"><div></div><div></div><div></div><div></div><div></div><div></div><div></div><span>Loading...</span></div><div><div role=\"status\"><div></div><div></div><div></div><div></div><span>Loading...</span></div></div></div></div><p>Economist and <strong>Bitcoin </strong><span>BTC/USD</span> critic <strong>Peter Schiff</strong> expressed doubts about <strong>MicroStrategy Inc.’s</strong> <span>MSTR</span> decision to split its stock amidst a bear market, labeling the move as an act of desperation</p><p><strong>What Happened</strong>: Schiff took to X to share his views on the Virginia-based company announcing a 10-for-1 stock split Thursday. “I don’t think I’ve ever seen a company announce a stock split when its shares were solidly in a bear market, down 35% from the high. This really smacks of desperation. MSTR looks very vulnerable for a major drop,” he wrote.</p><figure><div>\n</div></figure><p><strong>See Also: Trump Vice President Pick Coming ‘Any Time’: Betting Odds Show New Favorite Emerging</strong></p><p>Like other companies, MicroStrategy took the decision with the intention of making its shares more accessible to investors and employees, potentially broadening its shareholder base. </p><div><div></div></div><p>For the curious, a stock split increases the number of shares by reducing the value of the stock while keeping the firm’s market cap unchanged.</p><p><strong>Why It Matters</strong>: This skepticism comes in the wake of Schiff’s recent criticism of Bitcoin, which he referred to as a “fraud,” in response to a supportive post by MicroStrategy co-founder <strong>Michael Saylor</strong>, a known advocate of the world’s largest digital asset. </p><p>MicroStrategy, which calls itself the world’s first Bitcoin development company, is an industry leader in incorporating the digital asset into its corporate reserve strategy. As of this writing, the software company holds a little over 1% of Bitcoin’s total circulating supply, worth $12.9 billion, according to bitcointreasuries.net. </p><p><strong>Price Action</strong>: At the time of writing, Bitcoin was exchanging hands at $57,277.50, down 0.98% in the last 24 hours, according to data from Benzinga Pro. </p><p>Shares of MicroStrategy closed 4.05% higher at $1.358.56 during Thursday’s regular session. The stock has slumped 20% over the last month, likely due to Bitcoin’s correction.</p><p><em>Photo Courtesy: Shutterstock.com</em></p><p><strong>Read Next: </strong></p><ul>\n<li><strong>Crypto Markets Entangled With $100B In Illicit Funds Since 2019: Report</strong></li>\n</ul><p><strong><em>Disclaimer:</em></strong><em> This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.</em></p></div></div>Market News and Data brought to you by Benzinga APIs<p>© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.</p></div></body></html>","source":"Benzinga","collect":0,"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>MicroStrategy Stock Split Slammed By Bitcoin-Critic Peter Schiff: 'This Really Smacks Of Desperation'</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\">\nMicroStrategy Stock Split Slammed By Bitcoin-Critic Peter Schiff: 'This Really Smacks Of Desperation'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-12 11:13 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/cryptocurrency/24/07/39742567/microstrategy-stock-split-slammed-by-bitcoin-critic-peter-schiff-this-really-smacks-of-des><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Loading...Loading...Economist and Bitcoin BTC/USD critic Peter Schiff expressed doubts about MicroStrategy Inc.’s MSTR decision to split its stock amidst a bear market, labeling the move as an act of ...</p>\n\n<a href=\"https://www.benzinga.com/markets/cryptocurrency/24/07/39742567/microstrategy-stock-split-slammed-by-bitcoin-critic-peter-schiff-this-really-smacks-of-des\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"https://www.benzinga.com/files/images/story/2024/07/11/MicroStratey-Bitcoin-Shutterstock.jpeg","relate_stocks":{"MSTR":"MicroStrategy"},"source_url":"https://www.benzinga.com/markets/cryptocurrency/24/07/39742567/microstrategy-stock-split-slammed-by-bitcoin-critic-peter-schiff-this-really-smacks-of-des","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2450326161","content_text":"Loading...Loading...Economist and Bitcoin BTC/USD critic Peter Schiff expressed doubts about MicroStrategy Inc.’s MSTR decision to split its stock amidst a bear market, labeling the move as an act of desperationWhat Happened: Schiff took to X to share his views on the Virginia-based company announcing a 10-for-1 stock split Thursday. “I don’t think I’ve ever seen a company announce a stock split when its shares were solidly in a bear market, down 35% from the high. This really smacks of desperation. MSTR looks very vulnerable for a major drop,” he wrote.\nSee Also: Trump Vice President Pick Coming ‘Any Time’: Betting Odds Show New Favorite EmergingLike other companies, MicroStrategy took the decision with the intention of making its shares more accessible to investors and employees, potentially broadening its shareholder base. For the curious, a stock split increases the number of shares by reducing the value of the stock while keeping the firm’s market cap unchanged.Why It Matters: This skepticism comes in the wake of Schiff’s recent criticism of Bitcoin, which he referred to as a “fraud,” in response to a supportive post by MicroStrategy co-founder Michael Saylor, a known advocate of the world’s largest digital asset. MicroStrategy, which calls itself the world’s first Bitcoin development company, is an industry leader in incorporating the digital asset into its corporate reserve strategy. As of this writing, the software company holds a little over 1% of Bitcoin’s total circulating supply, worth $12.9 billion, according to bitcointreasuries.net. Price Action: At the time of writing, Bitcoin was exchanging hands at $57,277.50, down 0.98% in the last 24 hours, according to data from Benzinga Pro. Shares of MicroStrategy closed 4.05% higher at $1.358.56 during Thursday’s regular session. The stock has slumped 20% over the last month, likely due to Bitcoin’s correction.Photo Courtesy: Shutterstock.comRead Next: \nCrypto Markets Entangled With $100B In Illicit Funds Since 2019: Report\nDisclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","news_type":1},"isVote":1,"tweetType":1,"viewCount":63,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":297036591702288,"gmtCreate":1713547385991,"gmtModify":1713548605299,"author":{"id":"4163066397693232","authorId":"4163066397693232","name":"qo_op","avatar":"https://community-static.tradeup.com/news/77295a87c7380122787f2aed48dda36c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4163066397693232","authorIdStr":"4163066397693232"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297036591702288","repostId":"297017180868904","repostType":1,"repost":{"id":297017180868904,"gmtCreate":1713542749391,"gmtModify":1713542753435,"author":{"id":"4100833454173050","authorId":"4100833454173050","name":"DiAngel","avatar":"https://community-static.tradeup.com/news/f7c2ee91188421bf874cdbc97fb77886","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4100833454173050","authorIdStr":"4100833454173050"},"themes":[],"htmlText":"Investor hence will hold for dividends","listText":"Investor hence will hold for dividends","text":"Investor hence will hold for dividends","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297017180868904","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":297036049264896,"gmtCreate":1713547340167,"gmtModify":1713548603756,"author":{"id":"4163066397693232","authorId":"4163066397693232","name":"qo_op","avatar":"https://community-static.tradeup.com/news/77295a87c7380122787f2aed48dda36c","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4163066397693232","authorIdStr":"4163066397693232"},"themes":[],"htmlText":"Great ariticle, would you like to share it?","listText":"Great ariticle, would you like to share it?","text":"Great ariticle, would you like to share it?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297036049264896","repostId":"297019537518760","repostType":1,"repost":{"id":297019537518760,"gmtCreate":1713543221853,"gmtModify":1713857033537,"author":{"id":"4093561479903300","authorId":"4093561479903300","name":"SPACE ROCKET","avatar":"https://community-static.tradeup.com/news/67ecba742430a57a532b690885139baa","crmLevel":9,"crmLevelSwitch":1,"followedFlag":false,"idStr":"4093561479903300","authorIdStr":"4093561479903300"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$ </a>&nbsp;<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/MARA\">$Marathon Digital Holdings Inc(MARA)$ </a>&nbsp;<a href=\"https://ttm.financial/S/CLSK\">$CleanSpark, Inc.(CLSK)$ </a>&nbsp; As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91. No biggie upward&nbsp;movement if you ask me 🤷‍♀️🤷‍♂️ Now, let's look at how irrational the market is LOL ❓️❗️❓️❗️ Miner stocks are surprisingly high. As if there is no better time in future to buy in LOL. The amount of Bitcoins that these companies mine would be HALVED&nbsp;for goodness sake, NOT DOUBLED&nbsp;ehh!! Their profitability would be HALVED if the price of Bitcoin do not rise doubly high. That being sai","listText":"<a href=\"https://ttm.financial/S/MSTR\">$MicroStrategy(MSTR)$ </a>&nbsp;<a href=\"https://ttm.financial/S/COIN\">$Coinbase Global, Inc.(COIN)$&nbsp;</a>&nbsp;<a href=\"https://ttm.financial/S/MARA\">$Marathon Digital Holdings Inc(MARA)$ </a>&nbsp;<a href=\"https://ttm.financial/S/CLSK\">$CleanSpark, Inc.(CLSK)$ </a>&nbsp; As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91. No biggie upward&nbsp;movement if you ask me 🤷‍♀️🤷‍♂️ Now, let's look at how irrational the market is LOL ❓️❗️❓️❗️ Miner stocks are surprisingly high. As if there is no better time in future to buy in LOL. The amount of Bitcoins that these companies mine would be HALVED&nbsp;for goodness sake, NOT DOUBLED&nbsp;ehh!! Their profitability would be HALVED if the price of Bitcoin do not rise doubly high. That being sai","text":"$MicroStrategy(MSTR)$ $Coinbase Global, Inc.(COIN)$ $Marathon Digital Holdings Inc(MARA)$ $CleanSpark, Inc.(CLSK)$ As of 12.30 pm EST, Bitcoin prices are as such : USD $63, 771.91. No biggie upward movement if you ask me 🤷‍♀️🤷‍♂️ Now, let's look at how irrational the market is LOL ❓️❗️❓️❗️ Miner stocks are surprisingly high. As if there is no better time in future to buy in LOL. The amount of Bitcoins that these companies mine would be HALVED for goodness sake, NOT DOUBLED ehh!! Their profitability would be HALVED if the price of Bitcoin do not rise doubly high. That being sai","images":[{"img":"https://community-static.tradeup.com/news/6f9e39eeef3687a1ff5ee540197b3b12","width":"1440","height":"1247"}],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/297019537518760","isVote":1,"tweetType":1,"viewCount":0,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":2,"langContent":"EN","totalScore":0},"isVote":1,"tweetType":1,"viewCount":434,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}