Bitcoin24h $96,645.39-5.07%

Ethereum24h $3,383.45-7.87%

XRP24h $2.29-5.45%

BNB24h $694.00-6.40%

Solana24h $203.34-6.73%

Dogecoin24h $0.3491-9.87%

Cardano24h $1.0000-8.98%

TRON24h $0.2541-5.20%

Avalanche24h $39.84-9.44%

Sui24h $4.85-5.12%

Four companies buy bitcoin on leverage as NASDAQ lists options

Bitcoin is not only rallying after the re-election of Donald Trump but is further fueled by corporate leverage at four public companies.

All bitcoin models destroyed: Stock-to-Flow, Power Law, Rainbow

Whether bitcoin will destroy all models or only some is up for debate. But for most publicized models, it seems intent on a destructive path.

Crypto exchange Coinbase briefly ranked 8th in the US App Store, coinciding once again with bitcoin’s price rallies.

In 2023, MicroStrategy’s average bitcoin purchase price was near $30,000. Today, that average has jumped to near $50,000.

MicroStrategy executives boasted about the ability to yield higher bitcoin exposure per MSTR share over time. We read the fine print.