To The Moon

-- Anthony Scaramucci, founder and managing partner of the hedge fund SkyBridge Capital, says that all the hand-wringing about the massive Bitcoin purchases and debt being taken on by Michael Saylor’s MicroStrategy Inc. is overblown.The dot-com-era software maker turned Bitcoin proxy - whose shares are held in a fund SkyBridge sub advises - has mesmerized Wall Street this year with a more than 400% share surge while gobbling up billions of dollars of Bitcoin financed through the sale of stock and convertible debt. That has also given rise to concern that if Bitcoin’s price were to drop, MicroStrategy could have trouble repaying its debt, and may need to offload its coin holdings, depressing Bitcoin price further.

In the past few months, there has been a lot of excitement surrounding MicroStrategy, but it is not because of its software. MicroStrategy has instead become the largest holder of Bitcoin and uses that enormous holding to secure shareholder value. All said, as long as Bitcoin rises, so does the shareholder value, making MicroStrategy a somewhat unique bet on the crypto world.MicroStrategy Incorporated is an American company that specializes in business intelligence, mobile software, and cloud-based services. It was founded back in 1989 and the headquarters of the firm are located in Tysons Corner, Virginia. The powerhouse has advanced analytics capabilities combined with a robust emphasis on data-driven decision-making for business organizations. It offers services in enterprise analytics but has been focusing lately on the acquisition of Bitcoin.MicroStrategy is not on our latest list of the 31 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held

The U.S. Senate has approved a bipartisan federal funding package, sending the House-passed legislat

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Bitcoin Drops Below $97,000 with a 5.58% Decrease in 24 HoursAccording to B

NEW YORK :Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin."We're not allowed to

This article was automatically generated by MarketWatch using technology from Automated Insights.Shares of Tesla Inc. slid 8.28% to $440.13 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 3.56% to 19,392.69 and Dow Jones Industrial Average falling 2.58% to 42,326.87.The stock's fall snapped a three-day winning streak.Tesla Inc. closed $43.86 below its 52-week high , which the company achieved on December 17th.Trading volume eclipsed its 50-day average volume of 93.1 M.Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.

Shares of Chinese electric vehicle maker NIO Inc. plummeted 5.07% on Wednesday in an intraday session, as the company officially announced the launch of its new 'Firefly' sub-brand focused on affordable, intelligent electric city cars.Firefly is positioning itself as an "intelligent electric high-end small car brand" targeting urban customers seeking freedom and an enjoyable lifestyle. The brand's first model, also named Firefly, is slated for release in China in the first half of 2025, with a

Nvidia stock on Monday fell into a correction after failing to break out of its recent slump. Shares fell 1.7% to $132, down 11% from their highest closing price of $148.88 set on Nov. 7.The chip make

"Last week, Baird analyst William Power also warned against chasing Palantir stock gains, noting the shares have outpaced the S&P 500 big time, "suggesting high expectations, though we also acknowledge the strong, accelerating operating momentum."While Palantir's outlook remains strong, the stock is seriously extended, up more than 160% from its buy point, according to IBD MarketSurge. Shares are 104% above their 200-day moving average. Stocks trading more than 70% to 100% above their 200-day li