Another fabulous written story to keep the ever hyped up bubble machine going and going. Did you see the last earnings, zero profits no earnings. Down across the the entire report yet now they claim $500 million a day, this is just fu*king funny as fu*k. Claiming to be the most profitable company in the US...... Michael Saylor Reveals MicroStrategy Is 'Making $500M A Day' With Bitcoin Rounak Jain Nov. 23, 2024 4:00 PM ET. MicroStrategy Inc. (NASDAQ:MSTR) co-founder Michael Saylor has revealed that the company is minting $500 million a day as Bitcoin (CRYPTO: BTC) inches closer to $100,000 for the first time in its history. What Happened: Saylor, who has been all-in on Bitcoin for years now, has revealed an insane statistic – MicroStrategy's holdings of the top cryptocurrency have appreciated by as much as $5.4 billion over the last two weeks. In an interview with CNBC, Saylor broke down MicroStrategy's gains, saying, "We're making $500 million a day. I'm staring at my screen and we're selling dollar bills for $3, sometimes a million times a minute." To put things into perspective, MicroStrategy's stock delivered a whopping 97% gain in the last month, while Bitcoin has gained nearly 47%. Year-to-date, MicroStrategy's stock has gained over 515% while Bitcoin prices have increased by 122%. Nvidia, the AI bellwether and the world's most valuable company by market capitalization, has seen its stock rise by nearly 195% during this period. "We may very well be the most profitable company in the U.S. growing the fastest right now. There's not many companies making $500 million a day," Saylor said.
That explains the 8-10X move in the 2X MSTR ETFs. I think on Wednesday at one point my MSTX buy was up 10X from early September when I bought it at $18.75. It hit $191 on 11/20/24. That was 9 or 10 weeks. It's the craziest move in 2 months I've ever seen. It makes the FNGU 12X 11 month move during Covid seem pedestrian in comparison. It's musical chairs now to see if you can maximize your gains before the crash comes.
Mstx and mstu have gone parabolic considering they are a 2x....if these run up another 50 70 100% in the next few weeks short as many shares possible. When mstr falls 30 to 40% these 2x etfs will erase over 70% of their returns in a matter of days.
Very true. You can play that side. Probably going to be a reverse split of 1 for 20 or 1 for 25 in the next few weeks. With Bitcoin falling over 2k since Friday's close it should create volatility in mstr tomorrow or better yet tonight when shares open on robinhood
This is all one big yawn fest right now. Wake me up at 200k (or 50k) whichever comes first. This move to 100K while exciting to all you nubes is nothing compared to previous post halvening moves.
Hey you are going to not only get 200k but probably 300k in 2025. Every single prediction for bitcoin is only 1 way, UP By 2030 its going go be a million because they say it's going to be.
Like I said wake me up at 200k... What you guys are doing now is the equivalent of cheering 21,000, 22,000 23,000 on its way to 70k.
You are reminding me of a guy I traded with years ago. His target was New Century Financial, his short began in late 2003 because he saw irregularities and loved harping on management. He was right eventually but it cost him.