MicroStrategy Surges 8% In Wednesday Pre-Market: What's Going On?
MicroStrategy Surges 8% In Wednesday Pre-Market: What's Going On?
Analysts are questioning the sustainability of the company's strategy which involves borrowing through convertible notes to buy Bitcoin, then selling shares at a premium to reinvest in more Bitcoin.In a notable rebound, MicroStrategy Inc. experienced an 8.03% rise in pre-market trading on Wednesday following the slow recovery of Bitcoin (CRYPTO: BTC). This comes after a significant 12.33% drop and closing at $353.69 the previous day, as per Benzinga Pro.
在顯著反彈中，microstrategy公司週三在美股盤前交易中上漲了8.03%，這主要是由於比特幣（加密貨幣：BTC）的緩慢復甦。根據Benzinga Pro的數據，這發生在前一天比特幣大幅下跌12.33%並以353.69美元收盤之後。
What Happened: On Wednesday, at 6:00 AM ET, Bitcoin was trading around $93,789.55 after dropping to $92,000 levels on Tuesday. Consecutively, MicroStrategy, with a holding of 386,700 Bitcoins valued at $35.4 billion, experienced an upward tick in its pre-market activity.
發生了什麼：週三上午6:00（東部時間），比特幣交易價格約爲93,789.55美元，此前在週二跌至92,000美元水平。緊接着，持有386,700個比特幣（價值354億）的microstrategy，其美股盤前活動也出現了上升。
The company, under the leadership of CEO Michael Saylor, has been a focal point of market speculation due to a 23.64% decline in its stock over the past five sessions. This period also saw a 5.52% decrease in Bitcoin.
在首席執行官邁克爾·塞勒的領導下，該公司成爲市場投機的焦點，因爲其股票在過去五個交易日中下降了23.64%。這一時期比特幣也下降了5.52%。
Analysts are questioning the sustainability of the company's strategy which involves borrowing through convertible notes to buy Bitcoin, then selling shares at a premium to reinvest in more Bitcoin.
分析師們質疑該公司的策略的可持續性，該策略涉及通過可轉換票據借款來購買比特幣，然後以溢價出售股票再投資於更多比特幣。
Last week marked a record for retail investment in MicroStrategy, with nearly $100 million invested and trading volume reaching $136 billion, surpassing even Amazon Inc. (NASDAQ:AMZN).
上週，microstrategy的零售投資創下記錄，投資接近10000萬，成交量達到1360億，甚至超過了亞馬遜公司（納斯達克：AMZN）。
Based on the ratings of 12 analysts, MicroStrategy has a consensus price target of $449.5 The high is $690 issued by BTIG on Dec. 11, 2023. The low is $140 issued by Jefferies on Nov. 10, 2022.
根據12位分析師的評級，microstrategy的共識目標價爲449.5美元。最高價爲690美元，由BTIG於2023年12月11日發佈。最低價爲140美元，由Jefferies於2022年11月10日發佈。
The average price target of $563.33 between TD Cowen, Barclays, and Benchmark implies a 41.90% upside for MicroStrategy.
TD Cowen、巴克萊銀行和Benchmark的平均目標價格爲563.33美元，這意味着microstrategy有41.90%的上漲空間。
Why It Matters: MicroStrategy's recent $3 billion offering of 0% convertible senior notes due 2029 has intrigued investors. These notes, offering no interest, were quickly snapped up by institutional buyers, indicating strong market interest despite the lack of traditional returns. The notes' high conversion rate and potential equity upside have been attractive to investors.
爲什麼這很重要：microstrategy最近的30億無息可轉換高級票據（到期2029年）的發行引起了投資者的興趣。這些票據沒有利息，很快被機構買家搶購，儘管缺乏傳統回報，但顯示出強烈的市場興趣。這些票據的高轉換率和潛在的股權上漲吸引了投資者。
However, the company's stock has been under scrutiny. Gary Black of The Future Fund LLC has raised concerns about MicroStrategy's valuation, suggesting it should be significantly lower than its current price. Black's analysis points to a potential overvaluation, with a suggested price of $105 per share, which is about 75% lower than its current trading price.
然而，該公司的股票一直受到關注。未來基金有限公司的加里·布萊克對microstrategy的估值表示擔憂，暗示其估值應顯著低於當前價格。布萊克的分析指出可能存在被高估的情況，建議的每股價格爲105美元，約比其當前交易價格低75%。
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Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.
免責聲明：本內容部分由Benzinga Neuro幫助製作，並經Benzinga編輯審查和發佈。
Photo by JOCA_PH on Shutterstock
照片由Shutterstock上的JOCA_PH拍攝
譯文內容由第三人軟體翻譯。
