To The Moon

Microstrategy: At a Special Meeting, Stock Holders to Be Asked to Approve Increase in Authorized Class a Shares from 330 Million Shares to 10.33 Billion SharesMicroStrategy: At Special Meeting, Stock

$MicroStrategy(MSTR)$ as I told you, that MSTR has to trade 30% off to its bitcoin holdings,since they borrowed the money , and now creditors own the bitcoin and not the shareholders.This house of cards will fold. and the money glitch was over the minute saylor got included into qqq 100since at the moment tutes are allowed to play this, and you know how they will play it hahah

The crypto world is awaiting a fresh MicroStrategy purchase of bitcoin using proceeds from a $3 billion convertible bond sale that closed on Friday. That deal was boosted in size from $2.6 billion due to strong investor demand.A filing or press release revealing new bitcoin purchases could come in the next few days.The company, which is the largest corporate holder of bitcoin with 331,200 coins as of Nov. 17, has been on a bitcoin buying spree during November. It purchased about $6.6 billion of bitcoin from Oct. 31 to Nov. 17 using proceeds from at-the-market equity offerings sold through a group of nine Wall Street firms.MicroStrategy stock, which ended Friday at $421.88, up 16.2%, has risen sharply since the Nov. 5 election due to the win of crypto-friendly Donald Trump. The stock has nearly doubled since then, while bitcoin is up about 40%.Bitcoin is trading Sunday at about $97,500, down 0.2% in the past 24 hours. Bitcoin fans are talking about a breach of the $100,000 barrier soon.

BofA downgraded Grab Holdings to Underperform from Buy with an unchanged price target of $4.90.The shares are up 70% since September 1, which fully prices in Grab’s improving fundamentals, the analyst tells investors in a research note.The firm believes the stock’s risk/reward is now skewed to the downside as it sees a slower pace of margin uptake ahead. It sees risks for Grab from increasing competition in mobility.Grab shares sank 9.3% in morning trading.