MicroStrategy‘s stock took a hit today following the announcement of pricing for its offering of $525 million in convertible senior notes due 2031. This offering, which was originally set at $500 million, includes an option to purchase an additional $78.75 million in notes. The closing date for this offering is scheduled for March 18, pending customary conditions.
The company intends to use the proceeds from this offering to acquire more Bitcoin and for general corporate purposes. As of March 10, MicroStrategy held approximately 205,000 bitcoins, purchased at an average price of around $33,706 per coin.
MicroStrategy Incorporated (MSTR) Stock Price Sees Slight Decrease on March 15, 2024 – Investors Should Monitor Performance for Informed Decisions
On March 15, 2024, MicroStrategy Incorporated (MSTR) saw a slight decrease in its stock price, trading near the top of its 52-week range and above its 200-day simple moving average. MSTR opened at $1.60K, $75.62 lower than its previous close. MSTR shares experienced a decrease of $7.85, representing a 0.47% drop in price. Despite the decrease in price on this particular day, MSTR has been performing well overall, trading near the top of its 52-week range. Investors should continue to monitor MSTR’s performance in the coming days and weeks to make informed decisions about their investments.
MSTR Stock Update: Flat Revenue But Significant Increase in Net Income and EPS on March 15, 2024
On March 15, 2024, investors in MSTR stock were closely monitoring the company’s financial performance as it released its latest earnings report. MSTR reported total revenue of $496.26 million for the past year, which remained flat compared to the previous year. The total revenue for the fourth quarter of the year was $124.48 million, also holding flat since the previous quarter. MSTR reported a significant increase in net income, with a 129.2% increase for the past year and a net income of $429.12 million. The net income for the fourth quarter was $89.13 million, holding flat since the previous quarter. MSTR reported an EPS of $26.42 for the past year, a 120.35% increase compared to the previous year, and an EPS of $4.96 for the fourth quarter, showing a 149.22% increase since the previous quarter. Overall, MSTR’s financial performance on March 15, 2024, showed mixed results, with flat total revenue but significant increases in net income and EPS. Investors will be closely monitoring MSTR’s future performance to see if the positive trends continue and if the company can sustain its growth trajectory.
