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   Technology StocksMicroStrategy Inc. (MSTR)


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From: Condo9/27/2007 8:48:02 PM
   of 713
 
MCLEAN, Va., Sept. 25 /PRNewswire-FirstCall/ -- MicroStrategy(R) Incorporated , a leading worldwide provider of business intelligence (BI) software, today announced that it will host a Webcast on Wednesday, October 3, 2007 highlighting the latest breakthroughs in information dashboards. Dashboards provide valuable information at-a-glance to help companies monitor business performance and enhance decision making.

The one-hour Webcast, "8 New Dashboard Breakthroughs," will feature next- generation advances in dashboards and demonstrations of MicroStrategy's highly intuitive Dynamic Enterprise Dashboards, which became generally available in March 2007. Webcast participants will hear insights from Wayne Eckerson, Director of Research at The Data Warehousing Institute and author of Performance Dashboards: Measuring, Monitoring, and Managing Your Business. In addition, MicroStrategy customers Corporate Express and Hallmark will share their real-world experiences and the business benefits of using dashboards across their organizations.

There is no fee to participate in the Webcast, and it will be offered at four different times throughout the day to accommodate a global audience. For more information on MicroStrategy's Dynamic Enterprise Dashboards and to register for the Webcast, visit www.microstrategy.com/DashboardBreakthroughs.

money.cnn.com

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To: Condo who wrote (705)11/1/2009 6:41:05 PM
From: robert b furman
   of 713
 
I love it when a company reports earnings in a "diluted Number in the headlines - Oh yea a modest $1.73 for Q3, with 200 million in cash.

ir.microstrategy.com

Surprised this board hasn't been lit up long ago.

I'm not much of a buyer of 80 stocks but it wasn't too long ago this stock sold at 35.00.

Must be doing a lot very right!!

Anyone know some history - I'd love to hear about it!

Bob

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To: robert b furman who wrote (706)11/1/2009 8:18:01 PM
From: Condo
   of 713
 
Strong chart and ROE > 30 too.

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To: Condo who wrote (707)11/2/2009 8:00:16 AM
From: robert b furman
1 Recommendation   of 713
 
Hi Shamble,

Good to see you are out there.

Amazing how this little jewel has been such a sleeper.

Bob

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From: Glenn Petersen11/26/2020 3:17:47 PM
2 Recommendations   of 713
 
In August, MicroStrategy purchased 21,454 bitcoins at an average price of $11,653. Total investment: $250 million.

Blockchain and Cryptocurrencies Message Board - Msg: 32879305 (siliconinvestor.com)

h/t Claude Cormier


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To: robert b furman who wrote (706)3/22/2021 9:27:23 AM
From: Sr K
   of 713
 
Further, today

MicroStrategy itself is a Bitcoin holder that keeps 91,326 Bitcoin (approximately $5,256,277,062) as an inflation hedge, after buying another BTC portion of 262 coins recently.

As covered by U.Today earlier, in December Saylor addressed Elon Musk with a tweet suggesting that he is converting the Tesla balance sheet from USD to Bitcoin.

After answering Musk's question about the possibility of such large transactions, Saylor offered to share his order book with the Tesla CEO offline: "from one rocket scientist to another."

Saylor graduated from MIT, where he studied aeronautics, which also makes him a rocket scientist.

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From: Sr K6/7/2021 5:13:20 PM
   of 713
 
MicroStrategy to Sell New Bitcoin Bond

Software provider doubles down on bet that digital assets will outperform cash

wsj.com


MicroStrategy Chief Executive Michael Saylor.PHOTO: JOE RAEDLE/GETTY IMAGES

By
Sebastian Pellejero

June 7, 2021 3:38 pm ET

MicroStrategy Inc. is borrowing $400 million in junk bonds to buy more bitcoin, adding to the company’s bet that digital assets will outperform cash.

The Tysons Corner, Va.-based company is selling $400 million in bonds to add to its existing bitcoin holdings, according to a Monday news release. The new notes due in 2028 will be backed by claims on the business and “any bitcoins or other digital assets” acquired after the deal closes, but excluding any claim on the company’s existing digital asset portfolio, the release says.

In a filing Monday, MicroStrategy also said it expects to post a $284.5 million loss, “based on fluctuations in market price of bitcoin,” during its next earnings report. The company held over 92,000 bitcoins as of mid-May, according to company filings.

Prices on the company’s existing debt have fallen in recent months. The company’s $550 million convertible note due 2025 recently traded at 135.073 cents on the dollar, according to MarketAxess. That is down from around 200 cents at the start of April. Investors can exchange convertible debt for stock if shares hit a predetermined price.

MicroStrategy’s $1 billion convertible note due 2027 is trading at 67.307 cents on the dollar, implying a 7.089% yield. That is down from around 101 cents in February. Shares fell around 3% Monday afternoon.

Excerpt

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To: Sr K who wrote (711)6/8/2021 9:25:32 AM
From: robert b furman
   of 713
 
Hi Sr K,

Rockets AND BITCOIN are too explosive for this investor.

Those high debt risk situations scare me away every time.

The slow steady form of investing is far more attractive to this non-rocket scientist. <smile>

Bob

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From: Glenn Petersen6/26/2022 9:44:42 AM
   of 713
 
Michael Saylor: MicroStrategy’s bitcoin true believer

Software entrepreneur has remained calm even as crypto markets crashed

Richard Waters in San Francisco
Financial Times
June 25, 2022



Michael Saylor says bitcoin ‘is still at an early stage in its development and poorly understood’ © Marco/Getty Images
----------------------------

What do you do when you head the public company from outside the financial world with the biggest exposure to bitcoin, and you have just seen nearly $5bn of your notional profits evaporate?

If you are Michael Saylor of US software company MicroStrategy, you sit tight and keep preaching the gospel of crypto.

Saylor did a round of TV interviews this week to insist his faith is unshaken. And, responding to questions over email, he says all good investors, pointing to Warren Buffett and John Bogle, know that you should not worry about short-term market gyrations: “Any time horizon shorter than four years is likely to result in a great deal of frustration & uncertainty,” and 10 years is even better.

“Bitcoin represents the digital transformation of money, property, currency, energy, & matter,” he adds. It “is still at an early stage in its development and poorly understood”.

If the 57-year-old software entrepreneur has managed to project a surprising degree of calm through a slump that has seen bitcoin lose about 70 per cent of its value since its all-time high last November, then it could have something to do with a personal history of market meltdowns even more dramatic than the one that has hit the crypto markets.
For a brief moment in early 2000, MicroStrategy became emblematic of the last great tech boom and bust. Its stock market value leapt as Saylor touted a vision of how the data analytics company’s growth would be supercharged by the internet, before falling back more than 99 per cent in the collapse.

Saylor, who refuses to be drawn now on that experience, saw more than $6bn wiped from his personal wealth in a single day in March 2000 when the company adjusted its accounting and restated two years of revenue. A Securities and Exchange Commission investigation later led to a settlement in which he paid a fine and disgorged $8.3mn in profits, without admitting or denying wrongdoing.

Saylor’s apparent Zen-like indifference in the face of the bitcoin wipeout also points to a rock-solid self-assurance that people who have followed him over the years describe as one of his defining characteristics.

“He’s a visionary — he’s not one that’s worried about going against the grain,” says Dan Ives, a tech analyst who says he has known Saylor for more than 20 years.

Saylor decided in 2020 that the Federal Reserve’s loose-money policies would debase the currency. He felt that the only prudent response was to put his company’s spare cash into bitcoin. He went on to raise about $3.4bn through sales of stock, convertible securities, secured bonds and a secured loan, lifting MicroStrategy’s total purchases to about $4bn at progressively higher prices.

He was not admitting to a shadow of doubt this week about the wisdom of this move. The volatility in the market, he says, is due to crypto’s “crossing the chasm”, as it struggles for establishment legitimacy. There is “a big rationalisation that needs to take place in order for the industry to reach its full potential”.

An Air Force brat who graduated from Massachusetts Institute of Technology with a degree in aeronautics, among other subjects, Saylor had to abandon his ambition to become a pilot for health reasons. He co-founded MicroStrategy with two friends two years after starting out in the computer business, still shy of his 25th birthday.
In recent years, the company has been eclipsed by waves of newer cloud-based software businesses and its revenues have fallen back 15 per cent from the peak hit a decade ago. Yet mature software companies still throw off plenty of cash, and Saylor’s wealth — now put by Forbes at $1.6bn — has financed a life that has long made him an object of fascination for the media in Washington, where MicroStrategy is based. Multiple yachts, lavish parties and a beachfront mansion in Miami all served to keep him in the public eye in the two decades between MicroStrategy’s two entanglements with market mania.

To his fans, Saylor’s splurge on bitcoin shows typical astuteness. “He has proved to be prescient” in warning that inflation would soar, threatening the dollar reserves of American companies, says Mark Palmer at BTIG, one of the few analysts on Wall Street to follow MicroStrategy, which has a market capitalisation of just over $2bn.

Palmer adds that Saylor was also smart to take advantage of the free-money era to raise cash at rock-bottom interest rates, enabling him to buy what amounts to a cheap option on the bitcoin price — though the cryptocurrency has yet to live up to supporters’ claims that it will become the ultimate store of value in inflationary times.

To critics, on the other hand, there is no excusing the bad timing. Saylor pointed out by email that bitcoin is still up 72 per cent since his company’s first purchase, in August 2020. He failed to note that most of MicroStrategy’s purchases came later, and at much higher prices.

“He doubled down at the top of the crypto market,” says Ives. “He bet it all on red at the roulette table. It came up black.”

At least in the short term, Saylor shows every sign of being able to ride out the storm. For a start, he is immune to any backlash from shareholders — despite owning only 20 per cent of MicroStrategy’s shares, he controls 68 per cent of the votes through a special class of stock.

Nor is his company likely to face any immediate financial stress. Bitcoin last week fell through the $21,000 level at which MicroStrategy has to put up extra cryptocurrency as collateral to back a secured loan taken out this year. But about three-quarters of its bitcoin, out of a total hoard now worth $2.7bn, is still available to pledge as collateral, leaving it with a big cushion to back its loan. The first repayments on its debt are not due until 2025.

A prolonged crypto slump, however, would be a problem. The price of bitcoin still needs to rebound nearly 50 per cent just for Saylor’s giant bet to break even. There is still time for another dramatic chapter in MicroStrategy’s volatile history, whichever way things turn out.

ft.com

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