MicroStrategy에 대한 매도 수량은 투자자에게 MicroStrategy의 주식 하락에 베팅하는 정도를 알려줍니다. 매도 수량 데이터는 2주마다 업데이트됩니다.

MicroStrategy (NASDAQ:MSTR) 주식, 공매도 수량 보고

MicroStrategy

MicroStrategy Inc is a provider of enterprise analytics and mobility software. It offers MicroStrategy Analytics platform that delivers reports and dashboards and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management. The company's reportable operating segment is engaged in the design, development, marketing, and sales of its software platform through licensing arrangements and cloud-based subscriptions and related services.

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MSTR

유명 암호화폐 애널리스트 마이클 반 데 포프는 비트코인(CRYPTO: BTC)이 98,192 

비트코인 10만 달러 눈앞, &#34;연말까지 4~6회 급락 예상, 그간 알트코인 급등할 것&#34;

BITQ

BLCN

DAPP

ETF Opportunities Trust T-Rex 2X Long MSTR Daily Target ETF

MSTU

STCE

마이크로스트래티지(NASDAQ:MSTR)는 2024년 들어 현재까지 주가가 674%라는 놀라운 상승률을 기록했다. 이는 막대한 비트코인 보유와 올해 암호화폐의 기록적인 실적에 힘입은 결과다.

2024년 마이크로스트래티지 주가 674% 급등으로 동반 상승한 ETF는?

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ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

MSFT

아크 인베스트의 CEO 캐시 우드는 비트코인(CRYPTO: BTC)에 대해 여러 가지 가격 목표를 제시했다. 더 많은 기업이 암호화폐를 자산으로 추가할 경우 강세 시나리오에서는 380만 달러를 전망하기도 했다.

캐시 우드의 비트코인 380만 달러 전망에 대한 의구심, &#34;2030년까지는 힘들어&#34;

MicroStrategy Incorporated - Class A Common Stock

MicroStrategy Inc

Leading cryptocurrency analyst Michaël van de Poppe predicts several significant market corrections, even as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42125642/bitcoin-ethereum-dogecoin-prepping-for-an-early-thanksgiving-btc-is-currently-less-than-one-eth-away-from-100000-says-trader">trades near record highs at $98,192</a>.
What Happened: &#8220;Bitcoin is going to take liquidity on lower levels,&#8221; van de Poppe warned on X, forecasting &#8220;4-6 flash crashes&#8221; before year-end. These corrections could see Bitcoin drop 5-10% in a single day, while alternative cryptocurrencies might experience even steeper declines of 20-30%.
However, van de Poppe suggests these dramatic drops could present strategic entry points for investors. &#8220;After such a flash crash on Bitcoin, that&#8217;s the moment where Bitcoin consolidates, and altcoins shoot off,&#8221; he explained, describing the market&#8217;s rotation pattern.
Despite Bitcoin&#8217;s approach toward $100,000, market sentiment remains notably subdued compared to previous bull runs, suggesting potential volatility ahead as van de Poppe predicts. &#8220;Timing those flash crashes is hard, but they do happen,&#8221; he cautioned, advising investors to prepare for these market movements.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
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<blockquote class="twitter-tweet" data-width="500" data-dnt="true">FLASH CRASH! What do you mean? Well, <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is going to take liquidity on lower levels, it will. There will be crashes of 5-10% on a day.<a href="https://twitter.com/hashtag/Altcoins?src=hash&amp;ref_src=twsrc%5Etfw">#Altcoins</a> might fall 20-30%, which are the days you should activate your entries. However, after such a flash crash on Bitcoin, that&#39;s… <a href="https://t.co/DTbIcs4Kob">pic.twitter.com/DTbIcs4Kob</a>
&mdash; Michaël van de Poppe (@CryptoMichNL) <a href="https://twitter.com/CryptoMichNL/status/1859650485306916953?ref_src=twsrc%5Etfw">November 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42125642/bitcoin-ethereum-dogecoin-prepping-for-an-early-thanksgiving-btc-is-currently-less-than-one-eth-away-from-100000-says-trader">Bitcoin, Ethereum, Dogecoin Prep For Early Thanksgiving: &#8216;BTC Is Currently (Less Than) One ETH Away From $100,000,&#8217; Says Trader</a>
Why It Matters: The warning comes amid a broader cryptocurrency market surge, with total market capitalization reaching $3.3 trillion. Major institutions continue showing confidence in the sector, exemplified by MicroStrategy Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) recent $3 billion <a href="https://www.benzinga.com/trading-ideas/movers/24/11/42126020/whats-going-on-with-microstrategy-stock-after-the-bell">convertible note offering to acquire additional Bitcoin</a>.
Supporting van de Poppe&#8217;s market rotation theory, other analysts including Milkybull project an upcoming &#8220;altseason&#8221; extending through March 2025. Technical indicators suggest alternative cryptocurrencies could see significant gains <a href="https://www.benzinga.com/24/11/42030200/bitcoin-dominance-decline-expected-next-month-analyst-projects-altseason-to-peak-by-march-2025">following Bitcoin&#8217;s correction periods</a>.
Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>) is trading at $3,324, up 7.71%, in the last 24 hours, while Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) reached $254.05, gaining 6.79%.
Bitcoin is currently trading at $98,407, up 3.65% in the last 24 hours.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42124676/november-small-cap-surge-could-carry-into-decembers-santa-rally-historical-trends-suggest">November Small-Cap Surge Could Carry Into December&#8217;s Santa Rally, Historical Trends Suggest</a></li>
</ul>
Image Via Pixabay
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

$SOL

Bitcoin Analyst Warns Of '4-6 Flash Crashes' Before Year-End As It Inches Closer To $100K: That's The Moment Altcoins 'Shoot Off'

MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares are climbing after-hours after the company announced it completed its previously announced offering of its 0% convertible <a href="https://www.benzinga.com/pressreleases/24/11/b42122992/microstrategy-completes-3-000-000-000-offering-of-0-convertible-senior-notes-due-2029">senior notes due 2029.&nbsp;</a>
The Details: MicroStrategy said the aggregate principal amount of the notes sold in the offering was $3 billion, which includes $400 million aggregate principal amount of notes issued pursuant to an option to purchase.&nbsp;
Read More: <a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a>
The net proceeds from the sale of the notes were approximately $2.97 billion, after deducting the initial purchasers&#8217; discounts and commissions and estimated offering expenses payable by the company.&nbsp;
MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) and for general corporate purposes. MicroStrategy holds a total of 331,200 Bitcoin purchased at an average price of approximately $49,874 per coin as of Nov. 17.
What Else: MicroStrategy shares fell more than 16% in Thursday's regular session after short-seller Citron Research's Andrew Left announced he took a new <a href="https://www.benzinga.com/24/11/42118133/short-seller-andrew-left-targets-microstrategy-stock-as-hedge-against-bullish-bitcoin-bet-completely-detached-from-btc-fundamentals">short position</a> in the stock which has rallied more than 50% since President-elect Donald Trump won the election on Nov. 5.&nbsp;
"Fast forward to today: $MSTR has skyrocketed to over $5,000 (adjusted) … while Citron remains bullish on Bitcoin, we&#8217;ve hedged with a short $MSTR position," Left said. "Much respect to @saylor, but even he must know $MSTR is overheated," Citron Research wrote in a post on X.&nbsp;
MSTR Price Action: According to <a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw">Benzinga Pro</a>, MicroStrategy shares are up 5.48% after-hours at $410.05 at the time of publication Thursday.&nbsp;
Read More:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Photo: Courtesy of MicroStrategy, Inc.

Short Sellers

After-Hours Center

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What's Going On With MicroStrategy Stock After The Bell?

<a href="https://storage.courtlistener.com/recap/gov.uscourts.txnd.395430/gov.uscourts.txnd.395430.30.0.pdf" title="https://storage.courtlistener.com/recap/gov.uscourts.txnd.395430/gov.uscourts.txnd.395430.30.0.pdf">https://storage.courtlistener.com/recap/gov.uscourts.txnd.395430/gov.uscourts.txnd.395430.30.0.pdf</a>

MicroStrategy Completes $3B Offering Of 0% Convertible Senior Notes Due 2029, Including $400M Option Exercised By Initial Purchasers

Ark Invest CEO Cathie Wood has laid out several price targets for Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) including a bull case of $3.8 million if more companies add the cryptocurrency to their balance sheet. Benzinga readers see this price target as not likely to be reached by<a href="https://www.benzinga.com/general/education/24/11/42017619/heres-how-much-100-in-bitcoin-could-be-worth-in-2030-if-cathie-woods-price-target-is-reached"> Wood's projection of 2030.</a>
What Happened: Wood has shared several price targets for Bitcoin over the years, which might seem more realistic given that the leading cryptocurrency <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone" target="_blank" rel="noopener">has hit</a><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone"> multiple all-time highs </a>since the 2024 presidential election.
Earlier this year, Wood laid out <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/02/30660447/cathie-woods-ark-sees-bitcoin-joining-trillion-dollar-club-by-2030-here-are-its-bea" target="_blank" rel="noreferrer noopener">her price targets </a>for Bitcoin based on a bear case, base case and bull case for the year 2030. Wood also added a new bull case that includes the highest price Bitcoin <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37902973/cathie-wood-says-bitcoin-could-skyrocket-to-3-8m-by-2030-thanks-to-institutional-gr" target="_blank" rel="noreferrer noopener">could potentially reach by 2030</a> if companies allocated 5% to Bitcoin.
<ul>
<li>The price targets are:</li>
<li>Bear Case: $258,500</li>
<li>Base Case: $682,000</li>
<li>Bull Case: $1,480,000</li>
<li>Bullish Case: $3,800,000</li>
</ul>
Benzinga recently asked readers if they thought Wood's highest price target could be reached by the year 2030.
"Will Cathie Wood's Bitcoin price prediction of $3.8 million by 2030 come true?" Benzinga asked.
The results were:
<ul>
<li>No, Bitcoin will never reach $3.8 million: 34%</li>
<li>No, Bitcoin won't reach $3.8 million by 2030: 25%</li>
<li>Bitcoin could reach $3.8 million, but not by 2030: 24%</li>
<li>Yes, Bitcoin will reach $3.8 million by 2030: 17%</li>
</ul>
The poll found that only 17% of readers said that Bitcoin is likely to hit $3.8 million by 2030. The highest percentage of readers said Bitcoin will never reach the $3.4 million price target. The remaining readers see Bitcoin potentially hitting $3.8 million, but it will come after 2030.
Read Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/23/08/34028505/exclusive-why-does-cathie-wood-think-bitcoin-is-going-to-1-million-what-does-she-know-that" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Why Does Cathie Wood Think Bitcoin Is Going To $1 Million — What Does She Know That We Don't?</a>
Why It's Important: Part of Wood's thesis hinges on corporations adding Bitcoin to their balance sheet.
MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is the most famous example of this. The software company continues to invest its profits in Bitcoin and <a href="https://www.benzinga.com/24/11/42118133/short-seller-andrew-left-targets-microstrategy-stock-as-hedge-against-bullish-bitcoin-bet-completely-detached-from-btc-fundamentals" target="_blank" rel="noopener">borrow to continue investing</a> in Bitcoin.
Other companies, such as Tesla Inc. and Block Inc., added Bitcoin to their balance sheets, but in lower quantities than MicroStrategy.
MicroStrategy Chairman Michael Saylor recently said <a href="https://www.benzinga.com/24/11/42079799/microstrategys-michael-saylor-to-advocate-for-bitcoin-investment-at-microsoft-board-meeting-offers-to-educate-rumble-ceo-with-the-strategy">he will be presenting</a> to the Microsoft Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) Board of Directors on why the tech giant should add Bitcoin to their balance sheet. The item was proposed to the company and could mark one of the largest companies to buy Bitcoin if the deal goes through.
Saylor also said he would advise Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>), whose CEO is considering buying Bitcoin.
There is also the potential that the new White House administration will advance<a href="https://www.benzinga.com/news/events/24/11/42071064/exclusive-anthony-pompliano-calls-for-us-to-buy-250b-bitcoin-on-day-1-of-trump-administration-protect-our-future-its-such-a-no-brainer"> calls to buy Bitcoin</a> for a strategic reserve.
With a fixed maximum supply of 21 million Bitcoin, the demand from corporations and country governments to add BTC to reserves and balance sheets would likely spike the price, which was the key thesis of Wood's price target.
Wood recently reiterated her price targets in a CNBC <a href="https://x.com/BitcoinMagazine/status/1857483221857865879" target="_blank" rel="noreferrer noopener">interview</a><a href="https://x.com/BitcoinMagazine/status/1857483221857865879" target="_blank" rel="noopener">,</a> highlighting Ark Invest&#8217;s early investment in Bitcoin.
&#8220;We were the first public asset manager to gain exposure to Bitcoin in 2015 at $250,&#8221; Wood said.
Wood said that even with Bitcoin trading at around $90,000, the company believes there is a long way to go.
The fund manager said that getting regulatory relief with a new administration is one of the most important things for Bitcoin. Wood also sees Bitcoin being viewed as a new asset class, leading to more institutions and asset allocators wanting to invest in the top cryptocurrency.
Wood's Ark Invest&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/01/36605838/ark-invest-ceo-cathie-wood-projects-a-single-bitcoin-could-be-worth-1-5m-by-2020-probabili" target="_blank" rel="noreferrer noopener">was also one of several companies&nbsp;</a>to have a Bitcoin ETF approved by the SEC with its&nbsp;Ark 21 Shares Bitcoin ETF&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>).
BTC Price Action: Bitcoin trades at $98,617.47 at the time of writing and is up 123% year-to-date in 2024. A <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41951961/bitcoin-to-100k-benzinga-readers-predict-if-btc-can-hit-new-milestone-before-end-of-2024">recent Benzinga poll </a>found that 73% of readers believe Bitcoin will reach $100,000 by the end of 2024.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/social-media/24/11/42119493/rumble-eyes-buying-bitcoin-could-it-be-the-next-microstrategy">Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally</a></li>
</ul>
The study was conducted by Benzinga from Nov. 14 through Nov. 15, 2024, and included the responses of a diverse population of adults 18 or older. Opting into the survey was completely voluntary, with no incentives offered to potential respondents. The study reflects results from 156 adults.
Image created using a photo from Ark Invest and Midjourney.

Cathie Wood's $3.8 Million Bitcoin Vision Met With Doubt: 83% Say Not By 2030

Donald Trump's election stoked anticipation of a looser regulatory landscape, benefiting the crypto ecosystem. 
Companies like MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), long synonymous with its audacious Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) strategy, is emerging as a key player in this evolving market. 
The company, which owns more than 150,000 Bitcoin, effectively operates as a leveraged bet on the cryptocurrency. Its <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/05/39045022/microstrategys-big-move-from-bitcoin-bet-to-russell-1000-inclusion">inclusion in equity indices</a> has quietly exposed countless institutional and retail investors to Bitcoin's wild price swings, even if they never intended to dabble in crypto.
As Bitcoin <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42107053/mstr-climbs-over-8-in-thursday-pre-market-as-bitcoin-approaches-98000-michael-saylors-company-has-more-than-doubled-the-investors-wealth-since-trumps-victory">rallied post-election</a> on optimism about regulatory clarity, MicroStrategy shares surged, highlighting the close correlation. 
Meanwhile, the broader crypto industry is buzzing with new ventures from Wall Street to Silicon Valley.
<h2 class="wp-block-heading">Crypto Initiatives Gain Traction</h2>
JPMorgan Chase is currently <a href="https://www.jpmorgan.com/insights/payments/payment-trends/introducing-kinexys">rebranding</a> its blockchain platform from Onyx to Kinexys, and aims to transform foreign exchange markets, according to Nikolaos Panigirtzoglou, an analyst with the firm. 
Goldman Sachs is also carving out its <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42047066/goldman-sachs-to-spin-out-digital-assets-platform-amid-blockchain-push">digital asset division</a> to expand private blockchain services. And BlackRock is doubling down with a <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39863203/blackrocks-buidl-tokenization-fund-hits-500m-in-assets-under-management">tokenized money market fund</a> on diverse blockchains, signaling a strategic shift.
These developments underline the growing institutional appetite for blockchain, from tokenized treasuries in El Salvador to cutting-edge trade finance solutions in Brazil.
Read Also: <a href="https://www.benzinga.com/news/events/24/11/42012198/a-new-era-how-tokenization-could-reduce-frictions-and-potentially-costs-in-finance">A New Era? How Tokenization Could &#8216;Reduce Frictions And Potentially Costs&#8217; In Finance</a>
<h2 class="wp-block-heading">MicroStrategy's Big Bet: A Tailwind Or A Trap?</h2>
MicroStrategy's role as a Bitcoin proxy has drawn mixed reactions. Some view it as a savvy way to capitalize on crypto's growth; others worry about overexposure to Bitcoin's volatility. Yet, as the Leveraged MicroStrategy ETF (Defiance Daily Target 2x Long MSTR ETF (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/mstx#NASDAQ">MSTX</a>) <a href="https://www.globenewswire.com/news-release/2024/11/12/2979763/0/en/MSTX-The-First-Leveraged-MicroStrategy-ETF-Surpasses-1-Billion.html">gains inflows</a> and demand for Bitcoin ETFs surges, the company's strategy looks increasingly prescient.
Panigirtzoglou, in a Thursday analyst report, highlighted a burgeoning trend: corporate treasuries are dipping their toes into Bitcoin as a reserve asset. If this is the start of a trend, MicroStrategy is ahead of the curve.
With Bitcoin at the heart of a post-election crypto surge, MicroStrategy's bold approach positions it as both a leader and a litmus test for the future of corporate crypto adoption. Whether it rides this wave to unprecedented highs or succumbs to volatility will depend as much on regulatory clarity as on the trajectory of Bitcoin itself.
In a rapidly transforming market, one thing is clear: MicroStrategy's &#8220;leveraged bet on Bitcoin&#8221; makes it a stock to watch in this new crypto-driven era.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/ipos/24/11/42068551/nexbridge-brings-bitcoin-tech-to-us-treasury-bills-tokenized-exposure-anyone">NexBridge Brings Bitcoin Tech To US Treasury Bills: Tokenized Exposure, Anyone?</a></li>
</ul>
Image: Shutterstock

MSTX

Bitcoin Boom 2.0? MicroStrategy Gains Traction As 'Leveraged Bet' On Crypto Growth

MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) has experienced an extraordinary 674% increase in its stock price year-to-date in 2024, a rally driven by its massive Bitcoin holdings and the cryptocurrency&#8217;s <a href="https://www.benzinga.com/24/11/42079799/microstrategys-michael-saylor-to-advocate-for-bitcoin-investment-at-microsoft-board-meeting-offers-to-educate-rumble-ceo-with-the-strategy">record-breaking performance this year</a>.
The <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42042019/bitcoin-buyer-spree-microstrategy-acquires-4-6b-in-btc-metaplanet-issues-11-4m-in-bonds-to-fund-purchases">company's Bitcoin strategy,</a> spearheaded by Chairman Michael Saylor, has not only boosted its stock but has also resulted in over $15 billion in unrealized profit from its Bitcoin holdings.
This surge has rippled across ETFs with significant MicroStrategy exposure, enhancing their returns in a bullish market.
MicroStrategy, one of the largest corporate holders of Bitcoin, currently owns 331,000 BTC, with a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42090657/microstrategy-upsizes-convertible-notes-offering-to-2-6-billion-for-bitcoin-purchases">cumulative acquisition cost of over $16 billion.</a>
With the recent surge in Bitcoin prices, these holdings have soared in value, providing a staggering profit that underscores the company's high-stakes bet on cryptocurrency. 
This performance has drawn increased attention to ETFs with notable stakes in MicroStrategy, as investors look to indirectly benefit from the company's gains.
The following ETFs have particularly benefited from MicroStrategy&#8217;s exceptional performance, reflecting both their weightings in MSTR and their year-to-date returns:
<ol>
<li>T-Rex 2X Long MSTR Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MSTU#BATS">MSTU</a>):
<ul>
<li>MSTR Weighting: 90.14%</li>
<li>YTD Performance: 746%</li>
<li>Overview: MSTU is a leveraged ETF designed to deliver twice the daily performance of MicroStrategy's stock, giving investors amplified exposure to its monumental rally.</li>
</ul>
</li>
<li>Bitwise Crypto Industry Innovators ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BITQ#NASDAQ">BITQ</a>):
<ul>
<li>MSTR Weighting: 14.16%</li>
<li>YTD Performance: 79%</li>
<li>Overview: BITQ focuses on leading companies in the crypto sector, with MicroStrategy as a key holding, benefiting from the company's Bitcoin-driven surge.</li>
</ul>
</li>
<li>Schwab Crypto Thematic ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STCE#NYSE">STCE</a>):
<ul>
<li>MSTR Weighting: 11.83%</li>
<li>YTD Performance: 64.5%</li>
<li>Overview: STCE targets firms innovating in blockchain and cryptocurrency, and MicroStrategy&#8217;s gains have significantly boosted the ETF's overall performance.</li>
</ul>
</li>
<li>VanEck Digital Transformation ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAPP#NASDAQ">DAPP</a>):
<ul>
<li>MSTR Weighting: 11.03%</li>
<li>YTD Performance: 76.7%</li>
<li>Overview: DAPP invests in companies driving digital transformation through blockchain, with MicroStrategy playing a critical role in its success.</li>
</ul>
</li>
<li>Siren Nasdaq NexGen Economy ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLCN#NASDAQ">BLCN</a>):
<ul>
<li>MSTR Weighting: 8.04%</li>
<li>YTD Performance: 17.4%</li>
<li>Overview: BLCN focuses on blockchain economy leaders, and MicroStrategy's rise has contributed strongly to the ETF's returns.</li>
</ul>
</li>
</ol>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42114012/bitcoin-price-hitting-100000-in-november-polymarket-traders-speculate-it-might-go-even-higher">Bitcoin Price Hitting $100,000 In November? Polymarket Traders Speculate It Might Go Even Higher</a>
MicroStrategy's Bitcoin-heavy strategy has propelled its market cap to $11.5 billion in U.S. ETFs, with approximately 22.03 million shares held across these funds. 
As a leader in Bitcoin adoption within corporate treasuries, MicroStrategy's performance has directly influenced the success of the ETFs holding it, offering exposure to Bitcoin via a regulated equity vehicle.
The company, earlier this week, announced an increase in its convertible senior notes offering to $2.6 billion from its initial $1.75 billion, signaling its continued <a href="https://www.benzinga.com/24/11/42090138/microstrategy-stock-is-surging-wednesday-whats-going-on">aggressive stance on Bitcoin accumulation.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone">Bitcoin Hits New All-Time High Above $98,000 As Spot ETFs Crack $100 Billion Net Asset Value Milestone</a></li>
</ul>
Image: Shutterstock

MicroStrategy Surges 674% In 2024: 5 ETFs That Benefit From MSTR's Bitcoin-Driven Growth

<a href="https://www.bloomberg.com/news/articles/2024-11-21/wall-street-foe-gensler-plans-to-step-down-from-sec-in-january" title="https://www.bloomberg.com/news/articles/2024-11-21/wall-street-foe-gensler-plans-to-step-down-from-sec-in-january">https://www.bloomberg.com/news/articles/2024-11-21/wall-street-foe-gensler-plans-to-step-down-from-sec-in-january</a>

Macro Economic Events

Politics

Economics

General

BITF

BTBT

COIN

Core Scientific, Inc. - Class A Common Stock

CORZ

GREE

MARA

RIOT

SDIG

WULF

'SEC Chair Gensler Plans To Step Down From Agency In January' - Bloomberg News

Alternative online video platform Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) CEO Chris Pavlovski is considering adding Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) to the company's balance sheet. Here's <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42102652/michael-saylors-microstrategy-takes-wall-street-by-storm-becomes-second-most-traded-stock-after-nvidia">what investors need to know.</a><a href="https://www.benzinga.com/24/11/42079799/microstrategys-michael-saylor-to-advocate-for-bitcoin-investment-at-microsoft-board-meeting-offers-to-educate-rumble-ceo-with-the-strategy"> </a>
The Details: On Tuesday, Pavlovski asked, "Should Rumble add Bitcoin to its balance sheet?" in a post on the social media platform X.&nbsp;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Should Rumble add Bitcoin to its balance sheet?
&mdash; Chris Pavlovski (@chrispavlovski) <a href="https://twitter.com/chrispavlovski/status/1858943901983498298?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The post triggered a response from MicroStrategy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) executive chairman and Bitcoin bull Michael Saylor, who offered to discuss with Pavlovski "why and how" the company may want to invest in Bitcoin. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Yes. I would be happy to discuss why &amp; how with you.
&mdash; Michael Saylor&#x26a1;&#xFE0F; (@saylor) <a href="https://twitter.com/saylor/status/1858945523258159169?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Pavlovski responded with "DM'ing you now."&nbsp;
Read More: <a href="https://www.benzinga.com/etfs/24/11/42044642/trump-appears-frustrated-as-elon-musk-chimes-in-on-treasury-secretary-adds-more-names-to-a-list-of-potential-picks">Trump Appears &#8216;Frustrated&#8217; As Elon Musk Chimes In On Treasury Secretary, Adds More Names To Short List&nbsp;</a>
Saylor's MicroStrategy has dubbed itself a "Bitcoin Development Company" and currently holds 331,200 Bitcoins, making it the largest institutional holder of the cryptocurrency. MicroStrategy's stock has become a Bitcoin proxy and is up by more than 600% in 2024 and over 100% in the last month alone. 
During a recent X space hosted by asset manager VanEck, Saylor encouraged <a href="https://www.benzinga.com/24/11/42079799/microstrategys-michael-saylor-to-advocate-for-bitcoin-investment-at-microsoft-board-meeting-offers-to-educate-rumble-ceo-with-the-strategy">other companies </a>to hold the cryptocurrency in their reserves.&nbsp;
"I think it's not a bad idea to put it on the agenda of every company. It ought to be put on the agenda of Berkshire Hathaway, Apple, and Google because they all have huge hordes of cash and they're all burning shareholder value," Saylor said
Several companies have <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41683531/michael-saylor-calls-microstrategy-the-public-equity-play-on-bitcoin-maximalism-heres-whos">recently adopted</a> the Bitcoin strategy including Semler Scientific, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>) and Metaplanet, Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FNTZF#OTC">FNTZF</a>). Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) will be hosting Saylor to present a case for Bitcoin investment to its board of directors.&nbsp;
Why It Matters: Rumble's Pavloski followed up his original post with a poll asking if Rumble should invest in Bitcoin. 43,790 people responded, and 93.9% of respondents replied, "Yes." 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Lets put this in a poll format&#8230; Should Rumble add Bitcoin to its balance sheet?
&mdash; Chris Pavlovski (@chrispavlovski) <a href="https://twitter.com/chrispavlovski/status/1858977485310025888?ref_src=twsrc%5Etfw">November 19, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Rumble shares rose 9% in after-hours trading Tuesday after Pavlovski posted the Bitcoin investment questions to his social media account. Investors will be watching for further developments from the company.&nbsp;
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/trading-ideas/movers/24/11/41949068/bitcoin-could-reach-1-million-by-2037-economist-says-buy-of-a-lifetime-opportunity">Bitcoin Could Reach $1 Million By 2037, Economist Says: &#8216;Buy Of A Lifetime&#8217; Opportunity</a></li>
</ul>
Image:&nbsp;Liam Ortiz from Pixabay

Social Media

FNTZF

SMLR

Rumble CEO Considers Bitcoin Investment, Engages Michael Saylor As Shares Rally

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Below are some instances of options activity happening in the Information Technology sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$155.00</td>
<td>$45.1K</td>
<td>174.0K</td>
<td>260.1K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$30.00</td>
<td>$36.3K</td>
<td>33.8K</td>
<td>43.0K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$227.50</td>
<td>$54.2K</td>
<td>14.2K</td>
<td>30.6K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$550.00</td>
<td>$31.2K</td>
<td>4.7K</td>
<td>12.2K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/22/24</td>
<td>$167.50</td>
<td>$38.5K</td>
<td>1.9K</td>
<td>12.1K</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$360.00</td>
<td>$138.9K</td>
<td>3.4K</td>
<td>3.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$136.00</td>
<td>$109.2K</td>
<td>2.5K</td>
<td>2.5K</td>
</tr>
<tr>
<td>RCAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$8.00</td>
<td>$26.0K</td>
<td>2.6K</td>
<td>2.2K</td>
</tr>
<tr>
<td>IONQ</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$28.00</td>
<td>$98.2K</td>
<td>5.0K</td>
<td>2.0K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$150.00</td>
<td>$27.0K</td>
<td>1.1K</td>
<td>1.4K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with bearish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 4029 contract(s) at a $155.00 strike. This particular call needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $45.1K, with a price of $11.0 per contract. There were 174065 open contracts at this strike prior to today, and today 260113 contract(s) were bought and sold. 
• Regarding SMCI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 300 contract(s) at a $30.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $36.3K, with a price of $121.0 per contract. There were 33874 open contracts at this strike prior to today, and today 43077 contract(s) were bought and sold. 
• Regarding AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we observe a call option sweep with bullish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 217 contract(s) at a $227.50 strike. This particular call needed to be split into 19 different trades to become filled. The total cost received by the writing party (or parties) was $54.2K, with a price of $250.0 per contract. There were 14297 open contracts at this strike prior to today, and today 30643 contract(s) were bought and sold. 
• For MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we notice a call option trade that happens to be bullish, expiring in 1 day(s) on November 22, 2024. This event was a transfer of 50 contract(s) at a $550.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $624.0 per contract. There were 4751 open contracts at this strike prior to today, and today 12223 contract(s) were bought and sold. 
• Regarding SNOW (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>), we observe a call option trade with bullish sentiment. It expires in 1 day(s) on November 22, 2024. Parties traded 100 contract(s) at a $167.50 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $385.0 per contract. There were 1912 open contracts at this strike prior to today, and today 12121 contract(s) were bought and sold. 
• For CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we notice a call option sweep that happens to be bullish, expiring in 29 day(s) on December 20, 2024. This event was a transfer of 142 contract(s) at a $360.00 strike. This particular call needed to be split into 13 different trades to become filled. The total cost received by the writing party (or parties) was $138.9K, with a price of $977.0 per contract. There were 3442 open contracts at this strike prior to today, and today 3041 contract(s) were bought and sold. 
• Regarding AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we observe a put option sweep with bearish sentiment. It expires in 8 day(s) on November 29, 2024. Parties traded 473 contract(s) at a $136.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $109.2K, with a price of $231.0 per contract. There were 2543 open contracts at this strike prior to today, and today 2546 contract(s) were bought and sold. 
• For RCAT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RCAT#NASDAQ">RCAT</a>), we notice a call option sweep that happens to be bearish, expiring in 29 day(s) on December 20, 2024. This event was a transfer of 200 contract(s) at a $8.00 strike. This particular call needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $26.0K, with a price of $130.0 per contract. There were 2673 open contracts at this strike prior to today, and today 2236 contract(s) were bought and sold. 
• Regarding IONQ (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IONQ#NYSE">IONQ</a>), we observe a put option trade with bearish sentiment. It expires in 29 day(s) on December 20, 2024. Parties traded 390 contract(s) at a $28.00 strike. The total cost received by the writing party (or parties) was $98.2K, with a price of $252.0 per contract. There were 5055 open contracts at this strike prior to today, and today 2096 contract(s) were bought and sold. 
• Regarding DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we observe a call option sweep with bullish sentiment. It expires in 8 day(s) on November 29, 2024. Parties traded 227 contract(s) at a $150.00 strike. This particular call needed to be split into 32 different trades to become filled. The total cost received by the writing party (or parties) was $27.0K, with a price of $119.0 per contract. There were 1101 open contracts at this strike prior to today, and today 1472 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

AAPL

DDOG

IONQ

NVDA

RCAT

SMCI

SNOW

10 Information Technology Stocks With Whale Alerts In Today's Session

Citron Research&#8217;s Andrew Left believes the run in shares of MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) is not going to end well in the near term, and he&#8217;s putting his <a href="https://www.benzinga.com/topic/andrew-left">money where his mouth is</a>.
What To Know: Left on Thursday announced a new short position in software firm turned Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holding company MicroStrategy, despite <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38883691/exclusive-first-he-bet-against-gamestop-now-andrew-left-is-long-bitcoin-short-ether">remaining bullish</a> on the trajectory of Bitcoin.
&#8220;$MSTR's volume has completely detached from BTC fundamentals,&#8221; the short seller said in a <a href="https://x.com/CitronResearch/status/1859608654590202325">post</a> on X. 
Benzinga has reached out to MicroStrategy for comment. 
Left noted in the post that his firm was <a href="https://www.benzinga.com/analyst-ratings/analyst-color/20/11/18516934/citron-long-on-bitcoin-says-microstrategy-is-best-investment-route?utm_source=chatgpt.com">bullish on MicroStrategy in 2020</a> when the stock was trading below $250 per share on a pre-split basis. He predicted at the time that MicroStrategy shares could hit $700.
&#8220;Fast forward to today: $MSTR has skyrocketed to over $5,000 (adjusted) &#8230; while Citron remains bullish on Bitcoin, we've hedged with a short <a href="https://x.com/search?q=%24MSTR&amp;src=cashtag_click">$MSTR</a> position,&#8221; Left said. &#8220;Much respect to <a href="https://x.com/saylor">@saylor</a>, but even he must know <a href="https://x.com/search?q=%24MSTR&amp;src=cashtag_click">$MSTR</a> is overheated.&#8221;
From Earlier This Year: <a href="https://www.benzinga.com/markets/cryptocurrency/24/05/38883691/exclusive-first-he-bet-against-gamestop-now-andrew-left-is-long-bitcoin-short-ether">EXCLUSIVE: First He Bet Against GameStop, Now Andrew Left Is &#8216;Long Bitcoin… Short Ether&#8217;</a>
Left isn&#8217;t alone in thinking the recent surge in MicroStrategy shares won&#8217;t last. Seabreeze Capital Partners&#8217; Doug Kass <a href="https://x.com/DougKass/status/1859611593186709725">announced</a> a short position in MicroStrategy from $533.78 Thursday morning. At the time of writing, Kass had already covered at least 75% of the initial short. He closed half of his short position at $468 and another quarter of his initial position at $429.10. 
MicroStrategy shares have accelerated to the upside in recent weeks as the company continues to execute on its strategy to accumulate billions of dollars of Bitcoin. The company announced plans at the end of October to raise $42 billion over the next three years to keep buying Bitcoin.
MicroStrategy held a total of 331,200 Bitcoin purchased at an average price of approximately $49,874 per&nbsp;coin as of Nov. 17.
MSTR Price Action: <a href="http://benzinga.com/quote/mstr">MicroStrategy shares</a> were trading above $540 in pre-market trading Thursday morning. The stock pulled back at the open and continued to move lower after Left announced his short position. MicroStrategy shares were up 0.8% at $477.95 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Short Ideas

Trading Ideas

Short Seller Andrew Left Targets MicroStrategy Stock As Hedge Against Bullish Bitcoin Bet: 'Completely Detached From BTC Fundamentals'

Macro investor Jim Bianco, president of Bianco Research, has sparked a heated debate on Twitter about the potential long-term value of Bitcoin and its implications for <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41170398/bitcoin-gold-are-the-debasement-trade-in-uncertain-times-jpmorgan">the global economy.</a>
What Happened: Responding to the prediction of MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) executive chairman Michael Saylor that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could hit $13 million by 2045, Bianco noted in a post on X on Thursday that this valuation would put Bitcoin&#8217;s market cap at around $250 trillion.
This would dwarf the current world GDP of $105 trillion and global stock markets valued at $125 trillion.
However, Bianco questions what $13 million would actually buy in 2045—perhaps only what $100,000 buys today. 
His answer was stark: &#8220;I&#8217;ll offer an answer: $13 million BTC, or adding $250 trillion to wealth, will create massive hyperinflation.&#8221;
The financial analyst argued that such a dramatic increase in Bitcoin&#8217;s value would likely coincide with &#8211; or result from &#8211; the collapse of fiat currencies. In this scenario, &#8220;$13 million in 2045 will only get you the same amount as $100k today, probably less (a used Honda),&#8221; Bianco stated.
While acknowledging that a $13 million Bitcoin price isn&#8217;t necessarily unrealistic, Bianco cautioned that the conditions leading to such a valuation would be far from ideal. &#8220;It is the destruction of all value as we currently know it. It is replaced by a new measure of account, BTC,&#8221; he explained.
Bianco also raised concerns about the societal implications of such a scenario. He pointed out that &#8220;60% of the US population owns no assets and cannot come up $1,000 in an emergency,&#8221; questioning what would happen to these individuals in a world of massive hyperinflation and sky-high Bitcoin prices.
Echoing Robert Kiyosaki's thoughts, Bianco concluded "This is not something to look forward to." Kiyosaki in his recent tweet <a href="https://x.com/theRealKiyosaki/status/1859058685403881798">advised</a> to buy Bitcoin today as with "$9,000 today…. you buy .01 Bitcoin today…you are a millionaire tomorrow."
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone">Bitcoin Hits New All-Time High Above $98,000 As Spot ETFs Crack $100 Billion Net Asset Value Milestone</a>
Why It Matters: Bianco isn't alone in his skepticism. Economists Erzo G.J. Luttmer and Amol Amol share a similar sentiment, describing Bitcoin as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41575813/is-bitcoin-a-dangerous-economic-threat-minneapolis-fed-researchers-propose-heavy-taxation-">disruptive force to government fiscal policies</a>, likening it to &#8220;an unruly guest at a carefully planned dinner.&#8221;
Peter Schiff, a long-time Bitcoin critic, also warns against such scenarios. He argues that if the U.S. were to hold Bitcoin reserves, it could trigger hyperinflation by forcing the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41886523/peter-schiff-us-bitcoin-reserve-could-destroy-dollar-predicts-its-highly-unlikely-to-happen">government to print more dollars</a>, devastating both Bitcoin and the dollar's value.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42071904/blackrock-sees-renewed-sense-of-optimism-around-bitcoin">BlackRock Sees &#8216;Renewed Sense Of Optimism&#8217; Around Bitcoin</a></li>
</ul>
Image: Shutterstock

Michael Saylor Predicted Bitcoin To Hit $13 Million — If It Happens, It Will Entail 'Massive Hyperinflation,' Analyst Warns

WIIM

MicroStrategy shares are trading lower after Citron Research announced a short position.

Deep-pocketed investors have adopted a bearish approach towards MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in MSTR usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 348 extraordinary options activities for MicroStrategy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 30% leaning bullish and 41% bearish. Among these notable options, 68 are puts, totaling $8,017,465, and 280 are calls, amounting to $41,504,526.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $69.0 to $990.0 for MicroStrategy over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for MicroStrategy's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of MicroStrategy's whale activity within a strike price range from $69.0 to $990.0 in the last 30 days. 
<h3>MicroStrategy Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1732201562_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th align="right">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/18/26</td>
<td>$261.0</td>
<td>$237.45</td>
<td>$253.92</td>
<td>$760.00</td>
<td>$1.3M</td>
<td>980</td>
<td align="right">257</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$215.15</td>
<td>$198.5</td>
<td>$202.92</td>
<td>$890.00</td>
<td>$1.1M</td>
<td>1.1K</td>
<td align="right">270</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$43.8</td>
<td>$41.5</td>
<td>$43.8</td>
<td>$472.50</td>
<td>$701.6K</td>
<td>322</td>
<td align="right">210</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/22/24</td>
<td>$44.65</td>
<td>$39.85</td>
<td>$39.65</td>
<td>$475.00</td>
<td>$669.9K</td>
<td>567</td>
<td align="right">336</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$123.0</td>
<td>$113.2</td>
<td>$116.0</td>
<td>$600.00</td>
<td>$425.4K</td>
<td>1.1K</td>
<td align="right">263</td>
</tr>
</tbody>
</table>

<h3>About MicroStrategy</h3>
MicroStrategy Inc is a provider of enterprise analytics and mobility software. It offers MicroStrategy Analytics platform that delivers reports and dashboards and enables users to conduct ad hoc analysis and share insights through mobile devices or the Web; MicroStrategy Server, which provides analytical processing and job management. The company's reportable operating segment is engaged in the design, development, marketing, and sales of its software platform through licensing arrangements and cloud-based subscriptions and related services.
After a thorough review of the options trading surrounding MicroStrategy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of MicroStrategy</h3>
<ul>
<li>Trading volume stands at 15,686,064, with MSTR's price up by 11.48%, positioned at $528.22.</li>
<li>RSI indicators show the stock to be may be overbought.</li>
<li>Earnings announcement expected in 75 days.</li>
</ul>
<h3>What Analysts Are Saying About MicroStrategy</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $349.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from Canaccord Genuity continues to hold a Buy rating for MicroStrategy, targeting a price of $300. 
&#x2A; An analyst from TD Cowen persists with their Buy rating on MicroStrategy, maintaining a target price of $300. 
&#x2A; Maintaining their stance, an analyst from Barclays continues to hold a Overweight rating for MicroStrategy, targeting a price of $275. 
&#x2A; Maintaining their stance, an analyst from Benchmark continues to hold a Buy rating for MicroStrategy, targeting a price of $300. 
&#x2A; Maintaining their stance, an analyst from BTIG continues to hold a Buy rating for MicroStrategy, targeting a price of $570. 
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest MicroStrategy options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Check Out What Whales Are Doing With MSTR

Polymarket bettors are speculating on Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) performance this November, with sharp focus on whether the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42096519/bitcoin-to-reach-190000-this-cycle-michael-terpin-of-transform-group-says">cryptocurrency will surpass $100,000.</a>
Current predictions on the platform <a href="https://polymarket.com/event/will-bitcoin-hit-100k-in-november">show</a> a 79% chance that Bitcoin will breach this milestone, fueled by the asset's recent all-time high of $98,310 and growing optimism in the market.
<h3 class="wp-block-heading">Bettors Lean Toward $105,000, Cautious Beyond</h3>
Beyond the $100,000 mark, Polymarket data <a href="https://polymarket.com/event/what-price-will-bitcoin-hit-in-november">indicates</a> a 46% probability for Bitcoin to hit $105,000 in November, while a rise to $110,000 is pegged at 25%.
However, optimism dims for more ambitious targets—only 9% of bettors see Bitcoin reaching $120,000, and just 1% believe it could hit $150,000 this month.
The cautious sentiment for extreme price hikes highlights the market's view of Bitcoin's upward limits this month, even as the cryptocurrency has shown consistent growth.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone">Bitcoin Hits New All-Time High Above $98,000 As Spot ETFs Crack $100 Billion Net Asset Value Milestone</a>
<h3 class="wp-block-heading">Institutional Activity And ETF Inflows Boost Optimism</h3>
Bitcoin's rally is being bolstered by significant institutional activity. 
For example, MicroStrategy&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) plans to raise $2.6 billion to purchase more Bitcoin has pushed its market cap past $100 billion. 
Additionally, U.S. Bitcoin spot ETFs recorded $1.84 billion in net inflows over the past three days, showcasing rising demand <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone">for Bitcoin as an asset class.</a>
These developments, combined with easing global monetary policies, are likely contributing to the bullish outlook for Bitcoin's price trajectory.
Bitcoin isn't the only cryptocurrency drawing attention. Polymarket bettors are also speculating on Ethereum and Solana's November performance. 
For Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), there's a 23% <a href="https://polymarket.com/event/what-price-will-ethereum-hit-in-november">chance </a>of hitting $4,000 in Novem, while Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) bettors assign a 47% <a href="https://polymarket.com/event/what-price-will-solana-hit-in-november?tid=1732196501984">probability </a>to the token crossing $275.
These markets indicate an overall bullish sentiment across major cryptocurrencies.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42071904/blackrock-sees-renewed-sense-of-optimism-around-bitcoin">BlackRock Sees &#8216;Renewed Sense Of Optimism&#8217; Around Bitcoin</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

Bitcoin Price Hitting $100,000 In November? Polymarket Traders Speculate It Might Go Even Higher

<a href="https://x.com/CitronResearch/status/1859608654590202325" title="https://x.com/CitronResearch/status/1859608654590202325">https://x.com/CitronResearch/status/1859608654590202325</a>

Analyst Ratings

Citron Research Posts On X ".. with Bitcoin investing easier than ever (ETFs, $COIN, $HOOD), $MSTR's volume has completely detached from BTC fundamentals. While Citron remains bullish on Bitcoin, we've hedged with a short $MSTR position.."

<ul>
<li>MSTR</li>
<li>NVDA</li>
<li>$BTC</li>
<li>CORN</li>
<li>MARA</li>
<li>COIN</li>
<li>SNOW</li>
<li>TSLA</li>
<li>AI</li>
<li>GLD</li>
</ul>
data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

CORN

TSLA

Top 10 Trending Stocks On WallStreetBets As Of November 21, 2024 (Via Swaggy Stocks)

MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) shares are trading higher Thursday as Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hits new all-time highs. MARA Holdings is outpacing its Bitcoin-mining peers. Here&#8217;s a look at <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42109267/bitcoin-hits-new-all-time-high-above-98000-as-spot-etfs-crack-100-billion-net-asset-value-milestone">what&#8217;s going on</a>. 
What To Know: Bitcoin was up about 3.4% over a 24-hour period and more than 7% over the past week, trading around $97,500 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>. The rally in Bitcoin comes amid continued optimism surrounding a more favorable regulatory environment following President-elect Donald Trump&#8217;s election win. 
Reports from Wednesday suggested the Trump team is considering various candidates for a<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42098407/donald-trump-reportedly-eyeing-the-first-crypto-focused-role-in-the-white-house"> potential crypto role</a> that would help bridge the gap between the White House, Congress and regulatory bodies. 
Several crypto-related stocks are rallying Thursday, but MARA Holdings is outpacing other mining stocks, which may be a result of the <a href="https://www.benzinga.com/markets/cryptocurrency/24/07/39958725/marathon-digital-buys-bitcoin-adopts-full-hodl-strategy-whats-going-on-with-the-mining-sto" target="_blank" rel="noreferrer noopener">&#8220;full HODL&#8221;</a> strategy the company put in place earlier this year. The strategy involves holding all Bitcoin the company mines and periodically making strategic open market purchases. 
MARA Holdings on Thursday announced that it completed an offering of 0.00% convertible senior notes due 2030 for an aggregate amount of $1 billion. Net proceeds from the sales of the notes were approximately $980 million. The company will use $199 million to repurchase some of its notes due 2026. The rest of the proceeds will be used to acquire additional Bitcoin.
The market appears to be applauding MARA Holdings&#8217; plan to raise capital to accumulate more Bitcoin, similar to the playbook MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) has followed, which has helped the stock surge more than 650% year-to-date. MARA Holdings said it held a total of <a href="https://www.benzinga.com/news/earnings/24/11/41923273/mara-holdings-q3-earnings-revenue-miss-eps-miss-2070-bitcoin-mined-energized-hash-rate-up-9-exahash-target-firmly-in-sight" target="_blank" rel="noreferrer noopener">26,747 Bitcoin</a> as of Sept. 30.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42107053/mstr-climbs-over-8-in-thursday-pre-market-as-bitcoin-approaches-98000-michael-saylors-company-has-more-than-doubled-the-investors-wealth-since-trumps-victory">MSTR Climbs Over 8% In Thursday Pre-Market As Bitcoin Approaches $98,000: Michael Saylor&#8217;s Company Has More Than Doubled The Investors&#8217; Wealth Since Trump&#8217;s Victory</a>
MARA Price Action: MARA Holdings shares were up 10.4% at $24.98 at the time of publication Thursday, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: Shutterstock.

Offerings

Bitcoin Mining Stock MARA Holdings Is Outpacing Peers: What's Going On?

MicroStrategy shares are trading higher after BTIG maintained a Buy rating on the stock and raised its price target from $290 to $570.

As Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) hit a new all-time high of $98,310 on Thursday morning during European trading hours, he total net asset value of U.S. Bitcoin spot exchange-traded funds (ETFs) has exceeded $100 billion, a milestone achieved in just 10 months since their <a href="https://www.benzinga.com/money/best-spot-bitcoin-etfs">launch in January</a>.
What Happened: Over the past three days, Bitcoin spot ETFs have seen $1.84 billion in net inflows, reflecting strong investor confidence. 
U.S.-based ETFs have contributed $29.4 billion in net flows this year, solidifying their role as a primary driver of capital into Bitcoin.
Nate Geraci, president of The ETF Store, <a href="https://x.com/NateGeraci/status/1859406924975845770">highlighted</a> on X the growing demand for spot ETFs and revealed that applications for funds linked to other digital assets, including Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>), Ripple (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/xrp/usd">XRP</a>), and Hedera (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/hbar/usd">HBAR</a>), are also in the pipeline.
Bitcoin reached $97,900 earlier this week before climbing to $98,310, supported by aggressive demand for long-dated call options and positive headlines about corporate adoption, according to QCP Capital.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42099670/core-fusion-upgrade-introduces-dual-staking-and-liquid-bitcoin-staking">Core Fusion Upgrade Introduces Dual Staking And Liquid Bitcoin Staking</a>
Why It Matters: Companies like MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) are fueling the bullish sentiment, with the firm raising $2.6 billion to expand its Bitcoin holdings.
MicroStrategy's market capitalization has now surpassed $100 billion, dominating U.S. trading volume on Wednesday night.
In addition, smaller firms like Acurx Pharmaceuticals (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ACXP#NASDAQ">ACXP</a>) are joining the trend, reportedly allocating $1 million to Bitcoin for their corporate treasuries. 
The unprecedented success of Bitcoin ETFs signals a growing mainstream acceptance of cryptocurrencies. 
BlackRock (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NASDAQ">BLK</a>) and Fidelity are among the 12 issuers contributing to the $100 billion milestone, with analysts pointing to these funds as a significant factor in Bitcoin&#8217;s recent rally.
Eric Balchunas, a senior ETF analyst at Bloomberg, noted that December 31 could be an optimal time to submit applications for new crypto ETFs, including one linked to Dogecoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/doge/usd">DOGE</a>). 
Meanwhile, aggressive buying of options for March and June indicates long-term bullish sentiment among investors.
As Bitcoin approaches the $100,000 psychological milestone, the market is expected to remain buoyant, supported by easing monetary policies and <a href="https://www.benzinga.com/news/events/24/11/42078359/blackrocks-head-of-digital-assets-says-ibit-spot-bitcoin-etf-options-blow-past-1-billion-in-trading-volume">sustained institutional demand.</a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42096519/bitcoin-to-reach-190000-this-cycle-michael-terpin-of-transform-group-says">Bitcoin To Reach $190,000 This Cycle, Michael Terpin Of Transform Ventures Says</a></li>
</ul>
Image created using artificial intelligence with Midjourney.

$DOGE

$HBAR

$XRP

ACXP

Bitcoin Hits New All-Time High Above $98,000 As Spot ETFs Crack $100 Billion Net Asset Value Milestone

U.S. stocks could open on a negative note on Thursday after AI bellwether Nvidia Corp.'s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42107846/nvidia-slides-during-thursday-pre-market-despite-beating-q3-estimates-even-outstanding-isnt-enough-for-some-investors">guidance fell short</a> of some expectations. Futures of all three major indices were down as investors processed the AI giant's earnings.
Other chip makers like Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) also experienced pressure in premarket trading.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.33%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.24%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.08%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.22%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.25% to $589 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.34% to $501.46, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
The Dow Jones snapped its two-session losing streak this week to close 100 points higher on Wednesday, while the S&amp;P 500 eked a marginal gain to close in the green.
The tech-heavy Nasdaq, however, fell ahead of the volatility due to Nvidia's earnings after the bell.
Crude oil prices continued to rise amid growing tensions between Russia and Ukraine but remained under the $70 mark.
Treasury yields eased slightly as investors waited for further economic data.
On the economic data front, mortgage applications in the U.S. rose 1.7% from the previous week in the week ending Nov. 15, compared to a 0.5% gain in the prior period.
Most sectors on the S&amp;P 500 closed on a positive note, with healthcare, energy, and materials stocks recording the biggest gains on Wednesday.
However, consumer discretionary and financial stocks bucked the overall market trend, closing the session lower.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.11%</td>
<td>18,966.14</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>0.002%</td>
<td>5,917.11</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>0.32%</td>
<td>43,408.47</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>0.03%</td>
<td>2,325.53</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, chief market strategist at Carson Group, maintained that despite the weakness in the markets currently, he remains optimistic about the potential of a continued bull run.
"Weakness right around now is perfectly normal. The good news is I wouldn&#8217;t give up on a late November rally."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Weakness right around now is perfectly normal. The good news is I wouldn&#39;t give up on a late November rally. <a href="https://t.co/NuU2qzpDsC">pic.twitter.com/NuU2qzpDsC</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1859314388739686769?ref_src=twsrc%5Etfw">November 20, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Despite the volatile movement in Nvidia and other chipmaker stocks, Wedbush analyst Dan Ives maintained optimism about the AI giant's performance.
"The Godfather of AI Jensen and Nvidia delivered a massive beat and big things ahead for Blackwell," Ives said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The Godfather of AI Jensen and Nvidia delivered a massive beat and big things ahead for Blackwell as we discussed into this big night for the tech world on <a href="https://twitter.com/SquawkStreet?ref_src=twsrc%5Etfw">@SquawkStreet</a> &#x1f3c6;&#x1f525;&#x1f37f;&#x1f402;&#x1f4fa;&#x1f3a4;&#x1f447; <a href="https://t.co/6ehn8D3Gs0">https://t.co/6ehn8D3Gs0</a>
&mdash; Dan Ives (@DivesTech) <a href="https://twitter.com/DivesTech/status/1859387551351546328?ref_src=twsrc%5Etfw">November 21, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Nvidia <a href="https://www.benzinga.com/news/earnings/24/11/42099904/nvidia-beats-q3-revenue-eps-estimates-supply-constraints-ding-stock-huang-says-age-of-ai-is-in-full-steam">posted third-quarter revenue</a> of $35.1 billion, up 94% year-on-year, beating the Street consensus of $33.12 billion, according to data <a href="https://www.benzinga.com/pro/?utm_source=BZprocontent112024&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">from Benzinga Pro</a>. This was the ninth straight quarter of Nvidia beating analyst estimates.
Tech bull Ives thinks that this is <a href="https://www.benzinga.com/markets/equities/24/11/42102642/nvidia-delivered-jaw-dropping-q3-earnings-says-dan-ives-this-is-the-fourth-revolution-playing-out-in-front-of-our-eyes">the "fourth revolution"</a> in technology, and it could help the Nasdaq surge to 25,000.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Thursday's economic calendar includes the release of initial jobless claims data.
<ul>
<li>Initial jobless claims data will be released at 8:30 a.m. ET.</li>
<li>Philadelphia Fed manufacturing survey will be released at 8:30 a.m. ET.</li>
<li>Cleveland Fed President Beth Hammack will speak at 8:45 a.m. ET.</li>
<li>Existing home sales data and leading economic index will be released at 10 a.m. ET.</li>
<li>Kansas City Fed President Jeff Schmid will speak at 1:10 p.m. ET.</li>
<li>Fed Vice Chair for Supervision Michael Barr will speak at 4:40 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) shares fell 2.6% in premarket trading on Thursday after the company posted a quarter-on-quarter decline in gross margins.</li>
<li>Other chip stocks felt the pressure post-Nvidia earnings. Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>) fell nearly 1%, while Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) was down 0.6%. Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) both fell 0.5% in premarket trading.</li>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) stock surged over 10% on Wednesday and rose by another 11% in premarket trading on Thursday after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/24/11/42102366/bitcoin-taps-95k-ethereum-dogecoin-flat-as-trumps-crypto-policy-takes-shape-top-analyst-describes-btcs-path-to-135k">crossed the $95,000 mark</a>. Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) stock was also up over 3%.</li>
<li>Snowflake Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SNOW#NYSE">SNOW</a>) shares rose over 21% in premarket trading after the company beat analyst expectations and revised its 2025 revenue outlook upwards.</li>
<li>Palo Alto Networks Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) stock fell over 4% in premarket trading after the company's third-quarter results.</li>
<li>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) stock was slightly down in premarket trading after the U.S. Department of Justice (DOJ) said the company needed to sell the Google Chrome browser to <a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">end search monopoly</a>.</li>
<li>Investors are awaiting earnings results from Deere &amp; Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), BJ&#8217;s Wholesale Club Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BJ#NYSE">BJ</a>), and Intuit Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTU#NASDAQ">INTU</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, rising by 1.70% to hover around $69.92 per barrel.
The 10-year Treasury note yield edged lower to 4.394%.
Most of the major Asian markets ended in the red on Thursday, while European markets showed tentativeness in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/42105079/googles-unlawful-behavior-stifles-market-entry-for-rivals-doj-says-alphabet-must-sell-chrome-to-end-search-monopoly">Target Says Shoppers Wait For &#8216;Deals&#8217; A Day After Rival Walmart Credits Market Gains To Wealthy Households</a></li>
</ul>
Photo courtesy: Wikimedia

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