Latest news with #MicroStrategy
News.com.au
6 hours ago
- Business
- News.com.au
Hot Money Monday: Treasurers swap term deposits for Bitcoin as ASX firms dive in
More and more corporate treasuries are buying Bitcoin MicroStrategy's $63bn outmuscles nations Aussie minnows LOC and OPL dive in last week Corporate treasury chiefs used to fret about overnight rates and term deposit ladders; now they're sneaking a look at the Bitcoin price before the markets open. From Texas to Tokyo, listed companies are carving out room on the balance sheet for BTC, pitching it as digital gold or, at the very least, a way to dodge the fallout in an era of central bank money-printing. Michael Saylor's rebadged MicroStrategy sits at the top of the leaderboard with roughly 592,345 BTC (about $63 billion) after its latest nibble last week, a hoard bigger than the treasuries of many nation-states. The case for the trade sounds simple: Bitcoin's has a fixed supply of 21 million, making it a hedge against inflation and central-bank moves. It's also highly liquid, you hold it outright, and over any recent five-year stretch, BTC has pretty much thumped every mainstream asset class. But the flip side is harder to ignore. Price swings north of 50% in a single quarter can blow a hole in reported earnings. VanEck's digital-assets boss Matthew Sigel warned that relentless equity raisings to fund BTC buys can cross 'from strategy into shareholder harm' once a stock trades near net-asset value. The argument is that when a share price drifts down to roughly its net-asset value, any fresh equity deal brings in cash at little or no premium. Existing holders don't get the usual uplift; instead their slice of the company simply shrinks while the asset base stays more or less the same. 'Once you are trading at net asset value, shareholder dilution is no longer strategic. It's erosion,' said Sigel. That risk calculus explains why the Silicon Valley heavyweights keep ghosting the idea. At Meta's AGM four weeks ago, a proposal to shift even a slice of its US$72 billion cash pile into Bitcoin was torched: just 3.92 million votes for, nearly 5 billion against. Amazon and Microsoft have also fielded, and sunk, similar motions. Boards say the coin's volatility clashes with predictable cash-flow modelling and, frankly, they have enough fights already on the AI and metaverse fronts. ASX firms buying Bitcoins last week Smaller outfits are also willing to put their toes in the crypto surf. Japan's Metaplanet has just galloped past Tesla after scooping up another 1234 BTC, lifting its stash to 12,345 coins and elbowing Elon out of the global top five. Last week, that template washed up on Australia's shores in style. Locate Technologies (ASX:LOC), the last-mile delivery software minnow better known for plotting courier routes than investment theses, raised $239,000 via its at-the-market facility. It then promptly converted the bulk of the funds into 4 BTC at an average $156,560 a pop, taking its running tally to just over ten coins. LOC's stock price doubled in the days that followed; proof, at least for now, that markets love a bold narrative. Hot on its heels, clinical AI firm Opyl (ASX:OPL) announced on Thursday it had also picked up about two Bitcoin for $330,000 via DigitalX's (ASX:DCC) ETF. The company enlisted poker-pro-turned-crypto-whale Tony G as adviser, and secured a $2 million loan facility against the coin, giving itself a back-door war-chest without hitting shareholders for fresh equity. It's a pint-sized position compared with the Saylor playbook, but the symbolism is loud. Even niche life-science players seem to think holding a bit of digital gold could help offset future AI infrastructure costs. 'I urge our investors to take the time to fully understand these digital assets," said Tony G. 'With increasing endorsement by institutions and governments worldwide, Bitcoin and other cryptocurrencies are emerging as a validated and forward-looking asset class.'
Daily Mail
a day ago
- Business
- Daily Mail
Wall Street rocked by heavyweight slugfest as investment titan lays down massive bet against $100bn company
Two billionaire Wall Street titans have gone to war over the rise of Bitcoin in the financial markets. The ongoing clash between cryptocurrency investor Michael Saylor and renowned financial skeptic James Chanos has sent shockwaves through the stock market. Saylor, the executive chairman of MicroStrategy, has built what he refers to as a 'treasury' of the cryptocurrency by amassing a huge stockpile of more than 500,000 Bitcoins over the past five years, reports the Washington Post. The investor has made billions out of the move as his company bought the currency through issuing stock and bonds, and he has seen his fortune skyrocket since President Trump was elected. Trump was once a crypto skeptic, but he has since become a keen supporter of the financial tool, even launching his own cryptocurrency, $TRUMP coin, in January. In May, Trump Media & Technology Group echoed Saylor's tactics by announcing it would raise $2.5 billion to build its own 'Bitcoin treasury.' Stocks in Saylor's company have risen an astronomic 1,500 percent since 2020, and his 'treasury' of Bitcoin is currently valued at almost double that of Bitcoin itself. The massive surge in price could have an impact on wallets across the country, as MicroStrategy is expected to join the S&P 500 - and many 401ks - at some point this year. But Chanos, a legendary Wall Street player known for betting against other companies, has gambled against Saylor's investments in a feud that could crater the stock market. Chanos announced at the Sohn Investment Conference in May that he was 'selling MicroStrategy stock and buying Bitcoin,' alleging in a subsequent CNBC interview that Saylor's 'treasury' is 'ridiculously' overvalued so he was shorting his firm. Chanos described his play of buying Bitcoin and shorting Saylor's company as the equivalent of buying something for $1 and selling it for $2.50. Jim Osman, founder of financial analysis firm Edge, told the Washington Post that the battle between the two titans has gripped traders on Wall Street, and is seen by many as a litmus test for the strength of the cryptocurrency industry at large. 'It's a poker game with very high stakes,' he said. 'One man has put everything on Bitcoin, predicting that it's the future of money. And the other man is saying it's all smoke and mirrors and that he is blinding you with science.' Osman said the clash comes down to one fundamental question: 'Do you want to bet on a dream, or do you want to bet against it?' Saylor's stockpile of over 500,000 Bitcoin is valued at around $59 billion. Chanos has long been a skeptic of cryptocurrency, and in 2018 he described it as a 'libertarian fantasy' to Cointelegraph. He has doubted the stability of Bitcoin because it is not backed by any major currency, and has labelled it 'the dark side of finance' due to its links to illegal activities. Take Compound ₿ — Michael Saylor (@saylor) June 26, 2025 Jim Chanos lays out his MSTR short strategy. 'I'm doing what Saylor is advocating. I'm selling MSTR securities to buy Bitcoin.' — Bitcoin News (@BitcoinNewsCom) June 14, 2025 Chanos has built his reputation, and net worth of around $2 billion, on shorting companies, and most famously bet against Enron before the company's accounting scandal in 2001. When Chanos laid down his gamble against Saylor in May, he said MicroStrategy's approach to cryptocurrency could lead other, less stable firms to follow suit, and ultimately lose money if he is correct. He said his trade is 'a good barometer of not only just the arbitrage itself, but I think of retail speculation', per Cointelegraph. Earlier this month, the feud between the two billionaires escalated as Saylor criticized Chanos on Bloomberg TV, warning that 'if our stock rallies up, he's going to get liquidated and wiped out.' The next day, Bloomberg showed Saylor's warning to Chanos, to which he responded: 'I always love it when management says: 'He just doesn't understand our business.' 'Michael Saylor is a wonderful salesman, but that's what he is: He's a salesman. … I call it financial gibberish.'
Yahoo
a day ago
- Business
- Yahoo
This BlackRock ETF Could Soar 12,770%, According to Billionaire Michael Saylor
BlackRock introduced an incredibly popular ETF early in 2024 that now has over $70 billion in assets. The price of the asset this ETF owns could rise almost 12,800% in 20 years, according to billionaire Michael Saylor. 10 stocks we like better than iShares Bitcoin Trust › Michael Saylor, the tech entrepreneur who founded the enterprise software provider Strategy (formerly known as MicroStrategy), has a net worth estimated at $9.3 billion. In the past few years, his focus has shifted to Bitcoin, the world's most valuable cryptocurrency. Saylor's business is now accumulating huge amounts of the digital asset. Based on his view that Bitcoin could skyrocket to $13 million per unit by 2045, Saylor is also implying that this popular exchange-traded fund (ETF), sponsored by giant asset manager BlackRock, also has 12,770% upside from today's price. Here's what investors need to know if they are even remotely interested in boosting their portfolio returns. No one can deny that Bitcoin has been the best-performing asset over the past decade, a period that saw its price soar by 41,820%. Investors who missed the boat might want to heed Saylor's forecast. The billionaire believes that Bitcoin will reach $13 million in 20 years, using his base case. As of June 23, it's trading at $101,000, so Saylor's prediction implies a 129-fold gain. The crypto has a fixed supply of 21 million coins. Saylor believes this key feature will make the digital asset more widely held in the future. In theory, capital will flow from other asset classes -- like bonds, equities, and real estate -- into Bitcoin. The base case calls for 7% of global wealth to find its way to the digital token, strong demand that will drive the price higher. Investors must realize that while this kind of price target gets a lot of attention, since it shows an annualized return of 27.5%, it's important to understand that no one knows what the future will hold. This is especially true with something like Bitcoin, which is still a relatively new phenomenon in the world of finance. At the end of the day, what really matters is if you're bullish on Bitcoin or not. Michael Saylor is perhaps the biggest Bitcoin bull ever. In 2020, following the onset of the pandemic and the unprecedented levels of government stimulus, Saylor completely altered his company's blueprint, with the sole intention of buying and holding as much Bitcoin as possible. Strategy now owns 592,000 Bitcoins, making it the single biggest non-ETF holder in the world. In a seminal moment for the crypto industry, the Securities and Exchange Commission finally approved spot Bitcoin ETFs in January 2024. These products were a monster hit, but the BlackRock iShares Bitcoin Trust (NASDAQ: IBIT) quickly became the most successful. As of June 23, 2025, it had $71 billion in assets. This ETF owns Bitcoin. As a result, its price is meant to track the price movement of the crypto. However, it's crucial that investors know that by owning the ETF, they don't directly own the digital coin. That might not matter, given that the ETF provides accessibility and convenience in a regulatory-compliant way. Investors can buy the iShares Bitcoin Trust in their traditional brokerage accounts. Even better, there's no need to open a wallet or account specifically for cryptocurrencies. This draws capital from investors who want a seamless option. There is a cost, but it's low at an expense ratio of 0.25%. For institutional investors like hedge funds, pension funds, or sovereign wealth funds, this is a small price to pay for operating within their mandates. At least they now have access to a wildly successful investment opportunity. Should Bitcoin one day reach Saylor's $13 million price prediction by soaring 12,770% in 20 years, the iShares Bitcoin Trust should also register a similar gain. Before you buy stock in iShares Bitcoin Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and iShares Bitcoin Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Neil Patel has positions in iShares Bitcoin Trust. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. This BlackRock ETF Could Soar 12,770%, According to Billionaire Michael Saylor was originally published by The Motley Fool
Globe and Mail
2 days ago
- Business
- Globe and Mail
This BlackRock ETF Could Soar 12,770%, According to Billionaire Michael Saylor
Michael Saylor, the tech entrepreneur who founded the enterprise software provider Strategy (formerly known as MicroStrategy), has a net worth estimated at $9.3 billion. In the past few years, his focus has shifted to Bitcoin, the world's most valuable cryptocurrency. Saylor's business is now accumulating huge amounts of the digital asset. Based on his view that Bitcoin could skyrocket to $13 million per unit by 2045, Saylor is also implying that this popular exchange-traded fund (ETF), sponsored by giant asset manager BlackRock, also has 12,770% upside from today's price. Here's what investors need to know if they are even remotely interested in boosting their portfolio returns. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » A clear path to $13 million No one can deny that Bitcoin has been the best-performing asset over the past decade, a period that saw its price soar by 41,820%. Investors who missed the boat might want to heed Saylor's forecast. The billionaire believes that Bitcoin will reach $13 million in 20 years, using his base case. As of June 23, it's trading at $101,000, so Saylor's prediction implies a 129-fold gain. The crypto has a fixed supply of 21 million coins. Saylor believes this key feature will make the digital asset more widely held in the future. In theory, capital will flow from other asset classes -- like bonds, equities, and real estate -- into Bitcoin. The base case calls for 7% of global wealth to find its way to the digital token, strong demand that will drive the price higher. Investors must realize that while this kind of price target gets a lot of attention, since it shows an annualized return of 27.5%, it's important to understand that no one knows what the future will hold. This is especially true with something like Bitcoin, which is still a relatively new phenomenon in the world of finance. At the end of the day, what really matters is if you're bullish on Bitcoin or not. Michael Saylor is perhaps the biggest Bitcoin bull ever. In 2020, following the onset of the pandemic and the unprecedented levels of government stimulus, Saylor completely altered his company's blueprint, with the sole intention of buying and holding as much Bitcoin as possible. Strategy now owns 592,000 Bitcoins, making it the single biggest non-ETF holder in the world. An easy way to gain exposure to Bitcoin In a seminal moment for the crypto industry, the Securities and Exchange Commission finally approved spot Bitcoin ETFs in January 2024. These products were a monster hit, but the BlackRock iShares Bitcoin Trust (NASDAQ: IBIT) quickly became the most successful. As of June 23, 2025, it had $71 billion in assets. This ETF owns Bitcoin. As a result, its price is meant to track the price movement of the crypto. However, it's crucial that investors know that by owning the ETF, they don't directly own the digital coin. That might not matter, given that the ETF provides accessibility and convenience in a regulatory-compliant way. Investors can buy the iShares Bitcoin Trust in their traditional brokerage accounts. Even better, there's no need to open a wallet or account specifically for cryptocurrencies. This draws capital from investors who want a seamless option. There is a cost, but it's low at an expense ratio of 0.25%. For institutional investors like hedge funds, pension funds, or sovereign wealth funds, this is a small price to pay for operating within their mandates. At least they now have access to a wildly successful investment opportunity. Should Bitcoin one day reach Saylor's $13 million price prediction by soaring 12,770% in 20 years, the iShares Bitcoin Trust should also register a similar gain. Should you invest $1,000 in iShares Bitcoin Trust right now? Before you buy stock in iShares Bitcoin Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and iShares Bitcoin Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor 's total average return is1,048% — a market-crushing outperformance compared to175%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025
Yahoo
2 days ago
- Business
- Yahoo
This BlackRock ETF Could Soar 12,770%, According to Billionaire Michael Saylor
BlackRock introduced an incredibly popular ETF early in 2024 that now has over $70 billion in assets. The price of the asset this ETF owns could rise almost 12,800% in 20 years, according to billionaire Michael Saylor. 10 stocks we like better than iShares Bitcoin Trust › Michael Saylor, the tech entrepreneur who founded the enterprise software provider Strategy (formerly known as MicroStrategy), has a net worth estimated at $9.3 billion. In the past few years, his focus has shifted to Bitcoin, the world's most valuable cryptocurrency. Saylor's business is now accumulating huge amounts of the digital asset. Based on his view that Bitcoin could skyrocket to $13 million per unit by 2045, Saylor is also implying that this popular exchange-traded fund (ETF), sponsored by giant asset manager BlackRock, also has 12,770% upside from today's price. Here's what investors need to know if they are even remotely interested in boosting their portfolio returns. No one can deny that Bitcoin has been the best-performing asset over the past decade, a period that saw its price soar by 41,820%. Investors who missed the boat might want to heed Saylor's forecast. The billionaire believes that Bitcoin will reach $13 million in 20 years, using his base case. As of June 23, it's trading at $101,000, so Saylor's prediction implies a 129-fold gain. The crypto has a fixed supply of 21 million coins. Saylor believes this key feature will make the digital asset more widely held in the future. In theory, capital will flow from other asset classes -- like bonds, equities, and real estate -- into Bitcoin. The base case calls for 7% of global wealth to find its way to the digital token, strong demand that will drive the price higher. Investors must realize that while this kind of price target gets a lot of attention, since it shows an annualized return of 27.5%, it's important to understand that no one knows what the future will hold. This is especially true with something like Bitcoin, which is still a relatively new phenomenon in the world of finance. At the end of the day, what really matters is if you're bullish on Bitcoin or not. Michael Saylor is perhaps the biggest Bitcoin bull ever. In 2020, following the onset of the pandemic and the unprecedented levels of government stimulus, Saylor completely altered his company's blueprint, with the sole intention of buying and holding as much Bitcoin as possible. Strategy now owns 592,000 Bitcoins, making it the single biggest non-ETF holder in the world. In a seminal moment for the crypto industry, the Securities and Exchange Commission finally approved spot Bitcoin ETFs in January 2024. These products were a monster hit, but the BlackRock iShares Bitcoin Trust (NASDAQ: IBIT) quickly became the most successful. As of June 23, 2025, it had $71 billion in assets. This ETF owns Bitcoin. As a result, its price is meant to track the price movement of the crypto. However, it's crucial that investors know that by owning the ETF, they don't directly own the digital coin. That might not matter, given that the ETF provides accessibility and convenience in a regulatory-compliant way. Investors can buy the iShares Bitcoin Trust in their traditional brokerage accounts. Even better, there's no need to open a wallet or account specifically for cryptocurrencies. This draws capital from investors who want a seamless option. There is a cost, but it's low at an expense ratio of 0.25%. For institutional investors like hedge funds, pension funds, or sovereign wealth funds, this is a small price to pay for operating within their mandates. At least they now have access to a wildly successful investment opportunity. Should Bitcoin one day reach Saylor's $13 million price prediction by soaring 12,770% in 20 years, the iShares Bitcoin Trust should also register a similar gain. Before you buy stock in iShares Bitcoin Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and iShares Bitcoin Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor's total average return is 1,048% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Neil Patel has positions in iShares Bitcoin Trust. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. This BlackRock ETF Could Soar 12,770%, According to Billionaire Michael Saylor was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
