{"id":113979,"date":"2024-10-14T08:52:04","date_gmt":"2024-10-14T01:52:04","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=113979"},"modified":"2024-10-14T08:52:04","modified_gmt":"2024-10-14T01:52:04","slug":"amid-plans-to-start-a-bitcoin-bank-mstr-stock-soars-to-ath","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=113979","title":{"rendered":"Amid plans to start a &#8216;Bitcoin bank,&#8217; MSTR stock soars to ATH"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div>\n<ul>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">Saylor plans to make MicroStrategy a Bitcoin bank.\u00a0<\/span><\/em><\/li>\n<li style=\"font-weight: 400;\"><em><span style=\"font-weight: 400;\">MSTR rallied and hit an ATH after the revelation.\u00a0<\/span><\/em><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">MicroStrategy\u2019s MSTR stock hit ATH (all-time high) after the revelation of its end goal of becoming a trillion-dollar <\/span><a href=\"https:\/\/ambcrypto.com\/category\/bitcoin-news\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">Bitcoin [BTC]<\/span><\/a><span style=\"font-weight: 400;\"> bank.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">MicroStrategy\u2019s founder, Michael Saylor, told Bernstein analysts his firm was eyeing a $1 trillion valuation as the largest BTC bank. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">This would be partly aided by its aggressive accumulation of the world\u2019s largest asset, as the analysts projected a price target of $290 for the stock.\u00a0<\/span><\/p>\n<div id=\"attachment_432708\" style=\"width: 1960px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432708\" class=\"size-full wp-image-432708\" alt=\"MicroStrategy\" width=\"1950\" height=\"907\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06-300x140.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06-1024x476.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06-768x357.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06-1536x714.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06-1200x558.png 1200w\" data-lazy-sizes=\"(max-width: 1950px) 100vw, 1950px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432708\" class=\"size-full wp-image-432708\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06.png\" alt=\"MicroStrategy\" width=\"1950\" height=\"907\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06.png 1950w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06-300x140.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06-1024x476.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06-768x357.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06-1536x714.png 1536w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MSTR_2024-10-13_12-57-06-1200x558.png 1200w\" sizes=\"auto, (max-width: 1950px) 100vw, 1950px\"\/><\/a><\/p>\n<p id=\"caption-attachment-432708\" class=\"wp-caption-text\">Source: MSTR, TradingView<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">Following the update, MSTR <\/span><a href=\"https:\/\/ambcrypto.com\/microstrategy-decouples-from-bitcoin-nears-ath-heres-how\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">soared<\/span><\/a><span style=\"font-weight: 400;\"> to a record high of $212.50, a 15% increase during the intra-day trading session on October 11th. It even smashed the $200 resistance.\u00a0<\/span><\/p>\n<h2>Bitcoin bank end-game<\/h2>\n<p><span style=\"font-weight: 400;\">Reacting to MSTR\u2019s rally, Saylor <\/span><a href=\"https:\/\/x.com\/saylor\/status\/1845091805483729155\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">noted<\/span><\/a><span style=\"font-weight: 400;\"> that the only thing that performs better than BTC was more BTC.\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cThe only thing better than #Bitcoin is more Bitcoin.\u201d<\/span><\/p>\n<\/blockquote>\n<div id=\"attachment_432709\" style=\"width: 1210px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MicroStrategy.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432709\" class=\"size-full wp-image-432709\" alt=\"MicroStrategy\" width=\"1200\" height=\"668\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MicroStrategy.png 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MicroStrategy-300x167.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MicroStrategy-1024x570.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MicroStrategy-768x428.png 768w\" data-lazy-sizes=\"(max-width: 1200px) 100vw, 1200px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MicroStrategy.png\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432709\" class=\"size-full wp-image-432709\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MicroStrategy.png\" alt=\"MicroStrategy\" width=\"1200\" height=\"668\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MicroStrategy.png 1200w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MicroStrategy-300x167.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MicroStrategy-1024x570.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/MicroStrategy-768x428.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\"\/><\/a><\/p>\n<p id=\"caption-attachment-432709\" class=\"wp-caption-text\">Source: X<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">At press time, MicroStrategy held 252,220 BTC, worth about $15.8 billion per <\/span><a href=\"https:\/\/bitcointreasuries.net\/\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">data<\/span><\/a><span style=\"font-weight: 400;\"> from Bitcoin Treasuries. In most interviews, Saylor has never stated whether the firm will sell its BTC hoard or its end goal.\u00a0 <\/span><\/p>\n<p><span style=\"font-weight: 400;\">But the end-game was made clear last week.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, what\u2019s a Bitcoin bank?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to Saylor, <\/span><a href=\"https:\/\/x.com\/btcjvs\/status\/1844786635533344784\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">BTC bank<\/span><\/a><span style=\"font-weight: 400;\"> would act like other asset classes and build financial entities built around them. Part of the Bernstein report stated,\u00a0<\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">\u201cMichael believes MSTR is in the core business of creating Bitcoin capital market instruments across equity, convertibles, fixed income, and preferred shares etc.\u201d\u00a0<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">Saylor had previously <\/span><a href=\"https:\/\/ambcrypto.com\/3m-or-49m-michael-saylors-bitcoin-projections-for-2045\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\"><span style=\"font-weight: 400;\">projected<\/span><\/a><span style=\"font-weight: 400;\"> that BTC could hit $3M-$49M by 2045 as the asset expands as part of global capital.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Thus, the executive projected that making money from creating BTC-based financial instruments like bonds or stocks would be easier than lending out coins held by MicroStrategy.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Interestingly, Hal Finney, one of the early BTC network contributors, <\/span><a href=\"https:\/\/x.com\/btc_overflow\/status\/1845096559718855008\" data-wpel-link=\"external\" target=\"_blank\" rel=\"nofollow external noopener noreferrer\"><span style=\"font-weight: 400;\">floated<\/span><\/a><span style=\"font-weight: 400;\"> a similar idea in 2010.\u00a0<\/span><\/p>\n<div id=\"attachment_432710\" style=\"width: 1090px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Hal-FIney.jpeg\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432710\" class=\"size-full wp-image-432710\" alt=\"MicroStrategy\" width=\"1080\" height=\"958\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Hal-FIney.jpeg 1080w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Hal-FIney-300x266.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Hal-FIney-1024x908.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Hal-FIney-768x681.jpeg 768w\" data-lazy-sizes=\"(max-width: 1080px) 100vw, 1080px\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Hal-FIney.jpeg\"\/><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-432710\" class=\"size-full wp-image-432710\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Hal-FIney.jpeg\" alt=\"MicroStrategy\" width=\"1080\" height=\"958\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Hal-FIney.jpeg 1080w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Hal-FIney-300x266.jpeg 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Hal-FIney-1024x908.jpeg 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2024\/10\/Hal-FIney-768x681.jpeg 768w\" sizes=\"auto, (max-width: 1080px) 100vw, 1080px\"\/><\/a><\/p>\n<p id=\"caption-attachment-432710\" class=\"wp-caption-text\">Source: X<\/p>\n<\/div>\n<p><span style=\"font-weight: 400;\">But some called for advanced self-custody technology to ensure such a system remains honest.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">That said, some market pundits foresaw a strong BTC rally as a positive catalyst for MSTR\u2019s value. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">According to financial consultant <\/span><a href=\"https:\/\/x.com\/BenFranklinHODL\/status\/1845160316071485676\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\"><span style=\"font-weight: 400;\">Ben Franklin<\/span><\/a><span style=\"font-weight: 400;\">, based on MicroStrategy\u2019s financial health and BTC appreciation, MSTR\u2019s value could grow 6x-10x.\u00a0<\/span><\/p>\n<div class=\"post-nav\">\n<div class=\"next-blog\">\nNext: <a href=\"https:\/\/ambcrypto.com\/ripple-whales-accumulate-as-xrp-struggles-with-key-resistance\/\" rel=\"prev\" data-wpel-link=\"internal\">Ripple whales accumulate as XRP struggles with key resistance<\/a> <\/div>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/ambcrypto.com\/amid-plans-to-start-a-bitcoin-bank-mstr-stock-soars-to-ath\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Saylor plans to make MicroStrategy a Bitcoin bank.\u00a0 MSTR rallied and hit an ATH after the revelation.\u00a0 MicroStrategy\u2019s MSTR stock hit ATH (all-time high) after the revelation of its end &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=113979\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-113979","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113979","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=113979"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/113979\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=113979"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=113979"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=113979"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}