Microstrategy to Join Nasdaq 100 Index and Buy 1,000,000 Bitcoin | Chapter 19
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Microstrategy to Join $QQQ Index and Buy 1,000,000 Bitcoin | Chapter 19
In this chapter we talk about the future plans for MSTR and ramping up their current strategy to sell financial products to buy more Bitcoin. Internally, the goal is to acquire 1 million Bitcoin and become the world's largest Bitcoin bank. They have also crossed the 75th spot to be added to the Nasdaq 100/$QQQ index in November/December if they can continue to grow the market cap. We also talk about MSTR joining the SP 500, a market update on where MSTR and Bitcoin are headed next and when Bitcoin could reach 100k per coin or 1M per coin.
Microstrategy surged to a new all time high today above $500/share. Is it in a mania bubble? No, at least not yet. In this video we go over the new $2.6B convertible bond at 0% interest, we discuss how to value MSTR stock and the release of the Bitcoin ETF options chain on IBIT, and what rank is...
Published 11/20/24
Can Microstrategy acquire 1,000,000 Bitcoin and potentially hold more Bitcoin than Satoshi Nakamoto or another sovereign nation? I think yes. We also discuss options on the ETF and what the ratio between Bitcoin and MSTR should be in a portfolio.
Published 11/19/24