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.
在显著反弹中，microstrategy公司周三在美股盘前交易中上涨了8.03%，这主要是由于比特币（加密货币：BTC）的缓慢复苏。根据Benzinga Pro的数据，这发生在前一天比特币大幅下跌12.33%并以353.69美元收盘之后。
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.
发生了什么：周三上午6:00（东部时间），比特币交易价格约为93,789.55美元，此前在周二跌至92,000美元水平。紧接着，持有386,700个比特币（价值354亿）的microstrategy，其美股盘前活动也出现了上升。
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.
在首席执行官迈克尔·塞勒的领导下，该公司成为市场投机的焦点，因为其股票在过去五个交易日中下降了23.64%。这一时期比特币也下降了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.
分析师们质疑该公司的策略的可持续性，该策略涉及通过可转换票据借款来购买比特币，然后以溢价出售股票再投资于更多比特币。
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).
上周，microstrategy的零售投资创下记录，投资接近10000万，成交量达到1360亿，甚至超过了亚马逊公司（纳斯达克：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.
根据12位分析师的评级，microstrategy的共识目标价为449.5美元。最高价为690美元，由BTIG于2023年12月11日发布。最低价为140美元，由Jefferies于2022年11月10日发布。
The average price target of $563.33 between TD Cowen, Barclays, and Benchmark implies a 41.90% upside for MicroStrategy.
TD Cowen、巴克莱银行和Benchmark的平均目标价格为563.33美元，这意味着microstrategy有41.90%的上涨空间。
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.
为什么这很重要：microstrategy最近的30亿无息可转换高级票据（到期2029年）的发行引起了投资者的兴趣。这些票据没有利息，很快被机构买家抢购，尽管缺乏传统回报，但显示出强烈的市场兴趣。这些票据的高转换率和潜在的股权上涨吸引了投资者。
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，该公司的股票一直受到关注。未来基金有限公司的加里·布莱克对microstrategy的估值表示担忧，暗示其估值应显著低于当前价格。布莱克的分析指出可能存在被高估的情况，建议的每股价格为105美元，约比其当前交易价格低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.
免责声明：本内容部分由Benzinga Neuro帮助制作，并经Benzinga编辑审查和发布。
Photo by JOCA_PH on Shutterstock
照片由Shutterstock上的JOCA_PH拍摄
译文内容由第三方软件翻译。
