What's Going On With MicroStrategy Stock Today?
Portfolio Pulse from Nabaparna Bhattacharya
MicroStrategy (NASDAQ:MSTR) shares are trading flat today. The company and its executive chairman Michael Saylor have settled a $40 million tax fraud lawsuit. MicroStrategy also announced enhancements to its Auto bot at MicroStrategy World 2024. The company holds significant digital assets, including 214,278 bitcoins, with a carrying value of $5.074 billion. Investors can gain exposure to MSTR via First Trust SkyBridge Crypto Industry And Digital Economy ETF (NYSE:CRPT) and Schwab Strategic Trust Schwab Crypto Thematic ETF (NYSE:STCE).
June 04, 2024 | 2:52 pm
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NEUTRAL IMPACT
First Trust SkyBridge Crypto Industry And Digital Economy ETF (CRPT) provides exposure to MicroStrategy. The flat trading of MSTR shares and the resolution of the tax fraud lawsuit may have a neutral impact on CRPT in the short term.
CRPT provides exposure to MicroStrategy, but the flat trading of MSTR shares and the resolution of the tax fraud lawsuit are likely to have a neutral impact on CRPT in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
MicroStrategy shares are trading flat today. The company settled a $40 million tax fraud lawsuit and announced enhancements to its Auto bot. The company holds significant digital assets, including 214,278 bitcoins.
The settlement of the tax fraud lawsuit removes a legal overhang, which is positive, but the stock is trading flat, indicating the market has already priced in this news. The announcement of enhancements to the Auto bot is a positive development but not enough to move the stock significantly in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Schwab Strategic Trust Schwab Crypto Thematic ETF (STCE) provides exposure to MicroStrategy. The flat trading of MSTR shares and the resolution of the tax fraud lawsuit may have a neutral impact on STCE in the short term.
STCE provides exposure to MicroStrategy, but the flat trading of MSTR shares and the resolution of the tax fraud lawsuit are likely to have a neutral impact on STCE in the short term.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50