Senior Cryptocurrency Analyst, Steno Research

Mads Eberhardt

Senior Cryptocurrency Analyst

Macro and Geopolitical Research House

Steno Research

Steno Research is a new macro and geopolitical research house. We are based out of Copenhagen, Denmark, but have an international team and a strong network of sources and partners around the world. The team is lead by Andreas Steno, previous global head of strategy at Nordea Bank, and Mikkel Rosenvold, former chief consultant in the Danish Ministry of Finance.

Equity Bottom-Up

<ul>
<li>In July 2020, MicroStrategy, a US-based business intelligence firm, announced plans to invest $250 million in alternative assets, including Bitcoin, as a means to protect its capital from inflation.</li>
<li>The following month, the company disclosed that it had used the entire amount to acquire 21,454 bitcoins.</li>
<li>MicroStrategy continued building its Bitcoin holdings through the rest of 2020, making three more purchases that brought its year-end total to 70,470 bitcoins.</li>
</ul>


In July 2020, MicroStrategy, a US-based business intelligence firm, announced plans to invest $250 million in alternative assets, including Bitcoin, as a means to protect its capital from inflation.
The following month, the company disclosed that it had used the entire amount to acquire 21,454 bitcoins.
MicroStrategy continued building its Bitcoin holdings through the rest of 2020, making three more purchases that brought its year-end total to 70,470 bitcoins.


Crypto Moves #49 – How Long Can MicroStrategy’s Premium to Bitcoin Last?

External reports (aggregated public sources), Value Investors Club

Value Investors Club (VIC)

External reports (aggregated public sources)

Value Investors Club

<ul><li>MicroStrategy, founded by Michael Saylor, has gained attention for its large investment in Bitcoin</li><li>The company's core business has shown stagnant financial performance with flat revenue and decreasing profits</li><li>Some analysts view MicroStrategy as a speculative bubble, but caution is necessary when taking short positions due to unpredictable market behavior</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

MicroStrategy, founded by Michael Saylor, has gained attention for its large investment in BitcoinThe company's core business has shown stagnant financial performance with flat revenue and decreasing profitsSome analysts view MicroStrategy as a speculative bubble, but caution is necessary when taking short positions due to unpredictable market behaviorThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Microstrategy Inc (MSTR) - Monday, Jul 15, 2024

Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

<ul><li>MicroStrategy's 2024 second-quarter earnings update provided a clear view of its evolving business strategy and financial health, emphasizing its dual approach of advancing its core software technology operations while aggressively investing in bitcoin.</li><li>The company continues to balance these two strategies, with outcomes reflecting both progress and challenges.</li><li>During the quarter, MicroStrategy's bitcoin holdings grew significantly, now totaling 226,500 bitcoins valued at approximately $15 billion.</li></ul>

MicroStrategy's 2024 second-quarter earnings update provided a clear view of its evolving business strategy and financial health, emphasizing its dual approach of advancing its core software technology operations while aggressively investing in bitcoin.The company continues to balance these two strategies, with outcomes reflecting both progress and challenges.During the quarter, MicroStrategy's bitcoin holdings grew significantly, now totaling 226,500 bitcoins valued at approximately $15 billion.

MicroStrategy Incorporated: 4 Reasons Why We Are Bullish! - Major Drivers

<ul><li>MicroStrategy Incorporated recently delivered its 2024 first quarter earnings, exhibiting a blend of strategic progress and financial outcomes that underscore its unique position in the market as a potent combination of a business intelligence software provider and a proactive Bitcoin investor.</li><li>The company discussed its ongoing commitment to integrating Bitcoin into its treasury while advancing its core software business, primarily directed towards cloud adoption and the integration of artificial intelligence (AI).</li><li>Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.</li></ul>

MicroStrategy Incorporated recently delivered its 2024 first quarter earnings, exhibiting a blend of strategic progress and financial outcomes that underscore its unique position in the market as a potent combination of a business intelligence software provider and a proactive Bitcoin investor.The company discussed its ongoing commitment to integrating Bitcoin into its treasury while advancing its core software business, primarily directed towards cloud adoption and the integration of artificial intelligence (AI).Baptista Research looks to evaluate the different factors that could influence the company's price in the near future and attempts to carry out an independent valuation of the company using a Discounted Cash Flow (DCF) methodology.

MicroStrategy Incorporated: What Is Their Enhanced Bitcoin Acquisition Strategy? - Major Drivers

<ul><li>Approval of bitcoin ETFs by the SEC causing volatility in MSTR shares and bitcoin prices</li><li>Opportunity for a trade pairing short sale of MSTR shares with purchase of bitcoin ETF</li><li>Fluctuating premium of MSTR's enterprise value over SOTP value, expected to dissipate with approval of bitcoin ETFs</li></ul>This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Approval of bitcoin ETFs by the SEC causing volatility in MSTR shares and bitcoin pricesOpportunity for a trade pairing short sale of MSTR shares with purchase of bitcoin ETFFluctuating premium of MSTR's enterprise value over SOTP value, expected to dissipate with approval of bitcoin ETFsThis content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

Microstrategy Inc (MSTR) - Tuesday, Jan 9, 2024

United States

Strategy Inc operates a bitcoin treasury company. The Company offers an equity and fixed income instruments to provide investors varying degrees of economic exposure to bitcoin, as well as develops enterprise analytics software to explore improvement in bitcoin applications. Strategy serves customers worldwide.

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Strategy (MSTR US)

Crypto Moves #49 – How Long Can MicroStrategy’s Premium to Bitcoin Last?

In July 2020, MicroStrategy, a US-based business intelligence firm, announced plans to invest $250 million in alternative assets, including...

Steno Research

Microstrategy Inc (MSTR) - Monday, Jul 15, 2024

Some analysts view MicroStrategy as a speculative bubble, but caution is necessary when taking short positions due to unpredictable market behavior

Value Investors Club (VIC)

MicroStrategy Incorporated: 4 Reasons Why We Are Bullish! - Major Drivers

MicroStrategy's 2024 second-quarter earnings update provided a clear view of its evolving business strategy and financial health, emphasizing its...

Baptista Research

MicroStrategy Incorporated: What Is Their Enhanced Bitcoin Acquisition Strategy? - Major Drivers

MicroStrategy Incorporated recently delivered its 2024 first quarter earnings, exhibiting a blend of strategic progress and financial outcomes...

Baptista Research

Microstrategy Inc (MSTR) - Tuesday, Jan 9, 2024

Approval of bitcoin ETFs by the SEC causing volatility in MSTR shares and bitcoin prices. Opportunity for a trade pairing short sale of MSTR shares...

Value Investors Club (VIC)

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