Dernières nouvelles pour MicroStrategy (NASDAQ:MSTR) Stock

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.

MicroStrategy Incorporated - Class A Common Stock

MicroStrategy Inc

Analysts are closely examining the impact of&nbsp;Michael Saylor, co-founder of&nbsp;MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), on exchange-traded funds (ETFs) that are<a href="https://www.benzinga.com/markets/equities/24/11/42186167/michael-saylors-microstrategy-convertible-notes-to-buy-bitcoin-offer-no-interest-so-why-are-investors-rushing-to-buy-them"> linked to the company&#8217;s performance</a>. This comes amid a significant surge in MicroStrategy&#8217;s stock, driven by its substantial Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) holdings.
What Happened: The volatility of&nbsp;MicroStrategy has led to significant returns for ETFs tied to its performance. The stock has surged 416.19% year-to-date, impacting various ETFs.
The&nbsp;Bitwise Crypto Industry Innovators ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITQ#NYSE">BITQ</a>) with 18.35% MSTR holding saw a rise of 68.58% so far this year, while the&nbsp;Schwab Crypto Thematic ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STCE#NYSE">STCE</a>), which gives 14.4% exposure to MSTR, increased by 55.07%.
The&nbsp;T-Rex 2x Long MSTR Daily&nbsp;Target&nbsp;(BATS:<a class="ticker" href="https://www.benzinga.com/stock/MSTU#BATS">MSTU</a>) experienced a remarkable 453.76% gain, and the&nbsp;Defiance Daily Target 2x Long&nbsp;MSTR ETF&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTX#NASDAQ">MSTX</a>) rose by 309.09%, Barron&#8217;s <a href="https://pro.benzinga.com/">reported</a> on Wednesday. 
Both T-Rex and Defiance have hedged with inverse ETFs, but the&nbsp;T-Rex 2x Inverse MSTR Daily&nbsp;Target (MSTZ) holds&nbsp;only $155 million in assets.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42152684/musk-tweet-sparks-dogecoin-surge-fuels-speculation-on-x-payments?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Tweet Sparks Dogecoin Surge, Fuels Speculation On X Payments</a>
Matthew Tuttle, manager of the T-Rex ETF, attributes this phenomenon to &#8220;The Michael Saylor effect,&#8221; likening it to the influence of other high-profile CEOs like Elon Musk and Jensen Huang, reported Barron&#8217;s. Tuttle acknowledges the risk, noting that from a fundamental perspective, MicroStrategy&#8217;s valuation appears inflated.
Why It Matters: On Monday, MicroStrategy <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42159139/microstrategy-shares-rise-in-monday-pre-market-as-michael-saylor-reveals-mstr-generating-500m-daily-amid-bitcoins-surge">shares climbed 5.93% in pre-market </a>trading before <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/42208320/michael-saylors-microstrategy-plunges-23-in-5-sessions-while-bitcoin-slips-under-6-gary-black-quips-dont-say-i-didnt-warn-you">closing the session</a> in the red. Over the weekend, Saylor revealed that the company is generating $500 million daily as Bitcoin edges closer to the $100,000 milestone.
According to <a href="http://pro.benzinga.com">Benzinga Pro data,</a> MicroStrategy has a consensus price target of $449.5 based on the ratings of 12 analysts. The high is $690 issued by BTIG on Dec. 11, 2023. The low is $140 issued by Jefferies on Nov. 10, 2022. The average price target of $563.33 between TD Cowen, Barclays, and Benchmark implies a 41.90% upside for MicroStrategy.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Saylor Reveals MicroStrategy Is &#8216;Making $500M A Day&#8217; With Bitcoin: &#8216;May Very Well Be The Most Profitable Company In The US Growing The Fastest Right Now&#8217;</a></li>
</ul>
Photo by JOCA_PH on Shutterstock

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

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MicroStrategy-Linked ETFs Skyrocket 400% This Year: Is This 'The Michael Saylor Effect'?

MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) has become the epicenter of intense market speculation following a dramatic 23.64% stock decline over the past five sessions, while Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) <a href="https://www.benzinga.com/24/11/42206056/bitcoin-ethereum-dogecoin-tumble-as-diamond-hands-lock-in-gains-analyst-anticipates-strong-buyback-pressure-to-follow-sell-pressure">experienced a 5.52% drop during the same period</a>.
What Happened: Prominent investment analyst Gary Black of The Future Fund LLC raised alarm bells about MicroStrategy&#8217;s valuation, arguing that the company&#8217;s stock price &#8220;makes no sense.&#8221; Black&#8217;s analysis suggests the stock should be valued at around $105 per share—approximately 75% lower than its current trading price.
&#8220;Don't say I didn't warn you,&#8221; Black wrote. 
The company, led by CEO Michael Saylor, currently holds 386,700 Bitcoin, valued at $35.4 billion. With a market capitalization of $81.5 billion, MicroStrategy continues to trade at roughly 2.3 times the current value of its Bitcoin holdings.
The Kobeissi Letter highlighted unprecedented retail investor activity, noting that on a single Wednesday last week, retail investors purchased approximately $42 million of MSTR stock. 
This marked the largest daily retail purchase on record, with total retail investment approaching $100 million for the week. The stock experienced extraordinary trading dynamics, with last week seeing $136 billion in trading volume—exceeding even Amazon Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), despite AMZN having a market cap nearly 29 times larger.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Don't say I didn't warn you. Certainly got a lot of hate mail when we posted this 4 days ago. <a href="https://twitter.com/search?q=%24MSTR&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$MSTR</a> <a href="https://t.co/OwQlDbGstv">https://t.co/OwQlDbGstv</a> <a href="https://t.co/DNPMdBBtLY">https://t.co/DNPMdBBtLY</a>
&mdash; Gary Black (@garyblack00) <a href="https://twitter.com/garyblack00/status/1861661628019687856?ref_src=twsrc%5Etfw">November 27, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42207866/bitcoin-as-a-strategic-reserve-asset-cardano-founder-charles-hoskinson-predicts-btc-will-surge-to-500k-amid-defi-boom">Bitcoin Could Surge To $500K Amid DeFi Boom, Trump&#8217;s Pledge To Establish A BTC Strategic Reserve, Says Cardano Founder Charles Hoskinson</a>
Why It Matters: Standard Chartered analyst Geoffrey Kendrick provided critical market insights, suggesting Bitcoin may test support zones between $85,000 and $88,700. His year-end price target remains $125,000, with a long-term <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42192364/bitcoin-correction-could-go-as-deep-as-88700-but-125000-year-end-target-remains-in-play-says-standard-chartered">projection of $200,000 by the end of 2025</a>.
MicroStrategy&#8217;s investment approach involves a cyclical strategy of borrowing money through convertible notes, purchasing Bitcoin, driving price appreciation, selling shares at a premium, and reinvesting in more Bitcoin. 
Analysts are questioning the sustainability of this model, particularly whether Saylor can continue raising debt to purchase Bitcoin and if institutional and retail investor enthusiasm will persist.
Bitcoin&#8217;s recent pullback from near $100,000 to around $93,440 reflects broader market uncertainties, including reduced U.S. Treasury term premiums, <a href="https://www.benzinga.com/24/11/42206056/bitcoin-ethereum-dogecoin-tumble-as-diamond-hands-lock-in-gains-analyst-anticipates-strong-buyback-pressure-to-follow-sell-pressure">upcoming options expirations, and institutional repositioning</a>.
Price Action: Bitcoin was trading at $93,433 at the time of writing, up by 0.80% in the last 24 hours.
According to <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">Benzinga Pro data</a>, the consensus price target for MicroStrategy is $449.50. The highest price target is $690, while the lowest is $140, implying a potential 54.56% upside based on the most recent analyst ratings.
<figure class="wp-block-image size-large"><img decoding="async" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/27025122/Screenshot-2024-11-27-at-1.19.55%E2%80%AFPM-1024x373.png" alt="" class="wp-image-666817" /></figure>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/24/11/42206056/bitcoin-ethereum-dogecoin-tumble-as-diamond-hands-lock-in-gains-analyst-anticipates-strong-buyback-pressure-to-follow-sell-pressure">Bitcoin, Ethereum, Dogecoin Tumble As &#8216;Diamond Hands&#8217; Lock In Gains: Top Analyst Anticipates BTC Rebound</a></li>
</ul>
Image Via Shutetsrtock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

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Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

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AMZN

Michael Saylor's MicroStrategy Plunges 23% In 5 Sessions While Bitcoin Slips Under 6%: Gary Black Quips 'Don't Say I Didn't Warn You'

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 often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<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>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$137.00</td>
<td>$71.2K</td>
<td>18.4K</td>
<td>47.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$260.00</td>
<td>$32.3K</td>
<td>53.0K</td>
<td>26.8K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$138.00</td>
<td>$40.0K</td>
<td>2.6K</td>
<td>16.5K</td>
</tr>
<tr>
<td>PLTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/06/24</td>
<td>$65.00</td>
<td>$27.5K</td>
<td>7.9K</td>
<td>3.1K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$390.00</td>
<td>$80.1K</td>
<td>1.3K</td>
<td>3.0K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/06/24</td>
<td>$185.00</td>
<td>$94.6K</td>
<td>3.6K</td>
<td>2.5K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$160.00</td>
<td>$284.0K</td>
<td>2.3K</td>
<td>1.0K</td>
</tr>
<tr>
<td>QUBT</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>07/18/25</td>
<td>$9.00</td>
<td>$49.8K</td>
<td>796</td>
<td>851</td>
</tr>
<tr>
<td>QCOM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$157.50</td>
<td>$30.0K</td>
<td>1.0K</td>
<td>838</td>
</tr>
<tr>
<td>PANW</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$340.00</td>
<td>$40.7K</td>
<td>536</td>
<td>782</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a put option sweep with bullish sentiment. It expires in 3 day(s) on November 29, 2024. Parties traded 403 contract(s) at a $137.00 strike. This particular put needed to be split into 236 different trades to become filled. The total cost received by the writing party (or parties) was $71.2K, with a price of $176.0 per contract. There were 18482 open contracts at this strike prior to today, and today 47535 contract(s) were bought and sold. 
• For AAPL (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), we notice a call option sweep that happens to be bullish, expiring in 52 day(s) on January 17, 2025. This event was a transfer of 647 contract(s) at a $260.00 strike. This particular call needed to be split into 37 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $50.0 per contract. There were 53058 open contracts at this strike prior to today, and today 26888 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 call option sweep with bullish sentiment. It expires in 3 day(s) on November 29, 2024. Parties traded 301 contract(s) at a $138.00 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 $40.0K, with a price of $133.0 per contract. There were 2674 open contracts at this strike prior to today, and today 16525 contract(s) were bought and sold. 
• For PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we notice a call option trade that happens to be bullish, expiring in 10 day(s) on December 6, 2024. This event was a transfer of 100 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $27.5K, with a price of $275.0 per contract. There were 7959 open contracts at this strike prior to today, and today 3167 contract(s) were bought and sold. 
• Regarding MSTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), we observe a call option trade with bullish sentiment. It expires in 3 day(s) on November 29, 2024. Parties traded 45 contract(s) at a $390.00 strike. The total cost received by the writing party (or parties) was $80.1K, with a price of $1780.0 per contract. There were 1349 open contracts at this strike prior to today, and today 3035 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 sweep with bearish sentiment. It expires in 10 day(s) on December 6, 2024. Parties traded 757 contract(s) at a $185.00 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 $94.6K, with a price of $125.0 per contract. There were 3655 open contracts at this strike prior to today, and today 2567 contract(s) were bought and sold. 
• For DDOG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>), we notice a call option trade that happens to be bearish, expiring in 24 day(s) on December 20, 2024. This event was a transfer of 800 contract(s) at a $160.00 strike. The total cost received by the writing party (or parties) was $284.0K, with a price of $355.0 per contract. There were 2352 open contracts at this strike prior to today, and today 1064 contract(s) were bought and sold. 
• Regarding QUBT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUBT#NASDAQ">QUBT</a>), we observe a call option trade with bearish sentiment. It expires in 234 day(s) on July 18, 2025. Parties traded 166 contract(s) at a $9.00 strike. The total cost received by the writing party (or parties) was $49.8K, with a price of $300.0 per contract. There were 796 open contracts at this strike prior to today, and today 851 contract(s) were bought and sold. 
• For QCOM (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on November 29, 2024. This event was a transfer of 200 contract(s) at a $157.50 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $150.0 per contract. There were 1082 open contracts at this strike prior to today, and today 838 contract(s) were bought and sold. 
• For PANW (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>), we notice a put option trade that happens to be bearish, expiring in 52 day(s) on January 17, 2025. This event was a transfer of 230 contract(s) at a $340.00 strike. The total cost received by the writing party (or parties) was $40.7K, with a price of $177.0 per contract. There were 536 open contracts at this strike prior to today, and today 782 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

NVDA

PANW

PLTR

QCOM

QUBT

SNOW

10 Information Technology Stocks Whale Activity In Today's Session

MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) drove market conversations around a &#8220;Bitcoin treasury,&#8221; whereby companies allocate treasury funds to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) rather than traditional investments. Rumble Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) followed suit, as revealed in an <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42184590/rumble-stock-rises-in-tuesday-pre-market-after-adopting-bitcoin-treasury-strategy-as-btc-retreats">announcement on Monday</a>. This begs the question: Which companies will adopt Bitcoin next?
The Announcement: Shares of Rumble jumped over 3% on Tuesday morning following the company board&#8217;s approval of a Bitcoin plan. The strategy involves potential investments of up to $20 million in Bitcoin, or approximately 212 coins at current market prices.
MicroStrategy&#8217;s stock has catapulted over 400% in 2024 due to the company&#8217;s high exposure to Bitcoin.
Commentators Catch On: Angel investor Jason Calacanis <a href="https://x.com/Jason/status/1861431433308373172">reacted</a> sarcastically to the decision in a post on X.
&#8220;Let's get GameStop to move cash to btc next! To the moon &#x1f680;&#x1f602;&#x1f602;&#x1f602;,&#8221; Calacanis posted. &#8220;What could go wrong!&#8221;
Other users <a href="https://x.com/GodwinMungwadzi/status/1860984841153417618">joked</a> that MicroStrategy CEO Michael Saylor had created an &#8220;perpetual money printing machine.&#8221;
What&#8217;s Next?: It stands to reason that this strategy may not be out of bounds for many companies with high retail investor engagement. At the height of the Covid trading boom, stocks like GameStop Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GME#NYSE">GME</a>) and AMC Entertainment Holdings Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMC#NYSE">AMC</a>) were often favorites and saw increased trading volumes and activity. Benzinga has contacted both companies for comment on the matter.
GameStop&#8217;s board <a href="https://www.benzinga.com/analyst-ratings/analyst-color/23/12/36142175/meme-king-ryan-cohen-now-able-to-trade-stocks-with-gamestop-funds">approved a plan in 2023</a> allowing CEO Ryan Cohen to have increased control over the company&#8217;s large cash hoard. Cohen could allocate cash to alternative investments.
Some investors are seemingly not enthused. A <a href="https://www.benzinga.com/general/gaming/24/06/39358657/exclusive-what-matters-most-to-retail-investors-at-gamestops-annual-shareholders-meeting-roaring-k">Benzinga poll in June</a> found that GameStop followers were least interested in cryptocurrency investments among other potential company announcements.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42192364/bitcoin-correction-could-go-as-deep-as-88700-but-125000-year-end-target-remains-in-play-says-standard-chartered">Bitcoin Correction Could Go As Deep As $88,700 But $125,000 Year-End Target Remains In Play, Says Standard Chartered</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

Will GameStop, AMC Follow MicroStrategy, Rumble Into Bitcoin?

Bitcoin&#8216;s (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) sharp pullback from its record high just under $100,000 has sparked concern among traders, with Standard Chartered&#8216;s Geoffrey Kendrick attributing the correction to several factors, including a reduction in U.S. Treasury term premium and <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42172993/bitcoin-slides-below-95000-analyst-predicts-potential-correction-to-85000">upcoming options expirations.</a>
What Happened: According to Kendrick, the significant reduction in U.S. Treasury term premium following President-elect Donald Trump's <a href="https://www.benzinga.com/news/24/11/42158330/trumps-treasury-secretary-pick-scott-bessent-says-a-global-economic-reordering-is-on-the-way-argues-president-elects-policies-will-lead-to-an-economic-lollapalooza">Treasury Secretary announcement</a> triggered Bitcoin's decline.
In a note sent to Benzinga, he explained that Bitcoin is often viewed as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/09/41050565/bitcoin-shines-as-hedge-against-major-geopolitical-events-says-research-firm">hedge against traditional financial issues</a>, and lower term premiums undermine its appeal in this role.
Data from the New York Fed, which tracks term premium movements, supports the connection between recent Treasury market activity and the crypto market&#8217;s performance.
"Bitcoin thrives on uncertainty in traditional finance. When Treasury term premiums drop, that hedge utility temporarily diminishes," Kendrick noted.
Further adding to the downward pressure are the substantial monthly options expiries scheduled for Friday. 
Data from Deribit highlights that BTC options with strike prices ranging from $85,000 to $100,000 account for over 18,000 BTC in open interest. 
Historically, options expirations have constrained price movement, with traders positioning themselves around these key levels, creating a magnet effect on spot prices.
Kendrick predicts a potential drop below $88,700—the average purchase price for ETFs and MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) since the U.S. elections. 
This could lead Bitcoin to test its critical support zone between $85,000 and $88,700 before resuming its uptrend.
Despite the retracement, institutional interest remains robust. 
ETFs have recorded inflows of approximately 77,000 BTC since <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41746095/what-the-election-outcome-means-for-bitcoins-near-term-price-action">the U.S. elections</a>, while MicroStrategy has acquired an additional 134,000 BTC.
However, Kendrick cautions that the recent influx of institutional buying at an average price of $88,700 could serve as a temporary ceiling until broader market dynamics shift.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42189225/trump-threatens-25-tariffs-on-canada-mexico-until-invasion-is-stopped-but-polymarket-traders-arent-convinced">Trump Threatens 25% Tariffs On Canada, Mexico Until &#8216;Invasion&#8217; Is Stopped, But Polymarket Traders Aren&#8217;t Convinced</a>
Why It Matters: Bitcoin&#8217;s pullback has also affected the wider crypto market.
BTC's decline from $98,500 to $93,500 coincided with a dip in overall market capitalization from $3.5 billion to $3.35 billion.
Futures markets saw over $500 million liquidated during the volatility, reflecting heightened risk aversion.
Kendrick maintained his year-end target of $125,000 for Bitcoin and a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41851865/bitcoin-to-200000-ethereum-to-10000-and-crypto-market-cap-to-4x-by-end-of-2025-says-standard-chartered">2025 projection of $200,000</a>.
He sees the current retracement as a necessary correction, driven by macroeconomic factors and technical market events.
"We are still in a structural bull market," Kendrick emphasized. "Once these short-term headwinds subside, Bitcoin is well-positioned to resume its upward trajectory."
Price Action: According to CoinGecko <a href="https://www.coingecko.com/en/coins/bitcoin">data</a>, Bitcoin is currently trading at $93,440, down 1.5% for the day after making a high of $99,645 on Nov. 22.
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42171439/solana-meme-coin-platform-pump-fun-faces-backlash-over-scandalous-livestreams-but-polymarket-traders-arent-convinced-theyll-go-dark">Solana Meme Coin Platform Pump.Fun Faces Backlash Over Scandalous Livestreams, But Polymarket Traders Aren&#8217;t Convinced It&#8217;ll Go Dark</a></li>
</ul>
Image: Shutterstock

Bitcoin Correction Could Go As Deep As $88,700 But $125,000 Year-End Target Remains In Play, Says Standard Chartered

WIIM

APLD

BITF

BTBT

BTDR

CIFR

CLSK

COIN

FUFU

HIVE

IREN

MARA

RIOT

WULF

Shares of crypto-related stocks are trading lower amid a drop in Bitcoin.

Marathon Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) CEO, Fred Thiel believes Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) will not see the volatility of the past years, citing multiple factors <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42096519/bitcoin-to-reach-190000-this-cycle-michael-terpin-of-transform-group-says">for his hypothesis</a>.
What Happened: In an appearance on CNBC's Street Signs <a href="https://www.youtube.com/watch?v=WaFF2snJJrU">show</a> on Monday, Thiel noted that the cryptocurrency&#8217;s recent momentum stems from increasing institutional interest, favourable political signals and strategic investments rather than traditional factors like the halving.
Thiel highlighted how the launch of <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42165734/bitcoin-etfs-registered-record-312-billion-net-inflows-last-week">Bitcoin ETFs</a> earlier this year initially attracted retail investors, but institutions, including pension funds and corporations, soon followed, pouring capital into Bitcoin-related equities.
Political support, notably from president-elect Donald Trump&#8216;s <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42122348/trumps-planned-crypto-council-may-oversee-bitcoin-reserve-report">pro-Bitcoin stance</a> emphasizing <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41770352/bitcoins-future-under-president-elect-donald-trump-a-look-at-his-crypto-policies">U.S.-based mining and Bitcoin reserves</a>, has amplified optimism for a favourable regulatory environment. 
Thiel believes these developments may drive other nations to adopt similar strategies, boosting <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42170734/robert-kiyosaki-trump-will-make-america-richer-again-by-being-the-first-bitcoin-president">Bitcoin&#8217;s long-term potential.</a>
Market demand remains strong, with long-term holders liquidating some positions for profit being offset by institutional and retail buying. 
Companies like MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and others have aggressively purchased Bitcoin, supported by <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42138209/microstrategy-trading-at-insane-256-premium-to-bitcoin-holdings-research-shows">billion-dollar bonds at low interest rates.</a>
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42163156/why-bitcoins-rally-is-stalling-below-100000">Why Bitcoin&#8217;s Rally Is Stalling Below $100,000</a>
Why It Matters: Unlike previous cycles marked by sharp corrections, Thiel expects Bitcoin&#8217;s future to be defined by reduced volatility and sustained growth due to strong market demand. 
He noted that "every single Bitcoin purchased was recently in profit," showing the strength of the current market.
While price fluctuations remain inevitable, general trend for Bitcoin will continue to move upward, supported by a growing base of institutional buyers stabilizing the market. 
Thiel suggests that Bitcoin&#8217;s extreme volatility, characterized by sharp peaks and significant drawdowns of 20-30%, may be a thing of the past, at least in the near term.
Thiel revealed that Marathon raised a billion-dollar bond at zero percent interest alongside MicroStrategy, using the funds to <a href="https://x.com/fgthiel/status/1860049931685494955">acquire</a> significant Bitcoin holdings. He stated, &#8220;Anybody who&#8217;s selling is selling into a market where there&#8217;s ample demand,&#8221; further emphasizing his confidence in Bitcoin&#8217;s upward trajectory.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42170334/bitcoin-investor-turns-daily-30-purchases-into-1-million-portfolio-in-7-years-10-months-and-12-days">Bitcoin Investor Turns Daily $30 Purchases Into $1 Million Portfolio In 7 Years, 10 Months And 12 Days</a></li>
</ul>
Image: Shutterstock

Bitcoin Is Being Sold Into A Market With 'Ample Demand' From Institutions, Says Marathon CEO Fred Thiel

<ul>
<li>NVDA</li>
<li>ACHR</li>
<li>MSTR</li>
<li>RIVN</li>
<li>RKLB</li>
<li>TSLA</li>
<li>SMCI</li>
<li>$BTC</li>
<li>CORN</li>
<li>LOT</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

Trading Ideas

ACHR

CORN

RIVN

RKLB

SMCI

TSLA

Top 10 Trending Stocks On WallStreetBets As Of November 26, 2024 (Via Swaggy Stocks)

Michael Saylor&#8216;s MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42090657/microstrategy-upsizes-convertible-notes-offering-to-2-6-billion-for-bitcoin-purchases">recently completed</a> its $3 billion offering of 0% convertible senior notes due 2029. These notes provide the investors with the protection of fixed-income security while enabling them to participate in the equity upside.
What Happened: The sale of the notes was completed in two days as the initial purchasers flocked and exercised the first additional $400 million principal amount on Nov. 20, and the remaining purchase was completed on Nov. 21, 2024.
The notes were offered to qualified institutional buyers with 0% interest and no accretion of principal because of its high conversion rate of 1.4872 class A shares per $1,000 principal amount of notes, equaling an initial conversion price of approximately $672.40.
MicroStrategy&#8217;s conversion price represents a premium of approximately 55% over the Nov. 19 mid-day share price of $433.80.
A convertible note is a hybrid instrument that can be exchanged for equity in the company at a later date. These convertible notes, even though with 0% interest, still favor investors in the event of bankruptcy as bondholders are given repayment priority ahead of shareholders.
At the same time, the conversion feature of these notes eventually helps the debt holders to participate in the equity upside on conversion.
Why MicroStrategy Needs Money
MicroStrategy announced that it used the proceeds from the convertible notes offering and the issuance of shares to acquire 55,500 Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for $5.4 billion, at an average price of $97,862 per bitcoin, between Nov. 18 and Nov. 24.
As of Nov. 24, 2024, it held 386,700 Bitcoins at a purchase cost of $21.9 billion, at an average price of $56,761.
MicroStrategy&#8217;s &#8220;approach involves adding Bitcoin to the balance sheet, increasing stock volatility, and using convertible debt to enable low-cost capital raises.&#8221; said Bernstein&#8217;s Gautam Chhugani in a <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42160774/microstrategy-is-the-bitcoin-magnet-says-bernstein-but-not-everybodys-sold-nothing-is-free-in-finance-says-one-analyst">recent note</a>.
The Bull Thesis
Bernstein sees MicroStrategy&#8217;s strategy as sustainable under favorable market conditions, raising its price target for the stock to $600 apiece, a 42% upside from its current $421.88 per share.
Bernstein projects MicroStrategy could increase its holdings to 4% of the world&#8217;s Bitcoin by 2033, assuming Bitcoin reaches $1 million per coin.
&#8220;We believe, the MSTR premium is for future growth of its Bitcoin holdings (via capital raise and price appreciation). MSTR today trades at 230% premium over its Bitcoin holdings ($32bn at market value),&#8221; Bernstein analysts said in a recent note.
Terms Of Redemption And Conversion
Furthermore, the conversion rate is subject to adjustment according to certain events. The notes can be converted to shares at the bondholder&#8217;s discretion only after Jun. 1, 2029. Apart from the conversion feature, these notes <a href="https://assets.contentstack.io/v3/assets/bltb564490bc5201f31/blt21a0412a399112c0/673f9c8aacefd59bd6a6c645/microstrategy-completes-3-000-000-000-offering-of-0-percent-convertible-senior-notes-due-2029_11-21-2024.pdf">are also callable</a>. 
MicroStrategy can redeem 100% of the principal amount and call back the bonds on or after Dec. 4, 2026. The company can also call back the bonds on any date if the last reported sale price of MicroStrategy's class A common stock has been at least 130% of the conversion price.
Also read: <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42160774/microstrategy-is-the-bitcoin-magnet-says-bernstein-but-not-everybodys-sold-nothing-is-free-in-finance-says-one-analyst">MicroStrategy Is The &#8216;Bitcoin Magnet,&#8217; Says Bernstein, But Not Everybody&#8217;s Sold: &#8216;Nothing Is Free In Finance,&#8217; Says One Analyst</a>
Price Action: Shares of MicroStrategy ended 4.37% lower at $403.45 on Monday, falling further by 1.6% to $397 per share in after-hours trading.
On a year-to-date basis, the Nasdaq 100 Index is up 25.76% in 2024, while MicroStrategy outperformed the gauge with 488.81% growth in the same period. Apart from this, MSTR was up 141% and 58% in the last six months and one month, respectively.
According to <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">Benzinga Pro data</a>, MicroStrategy has a consensus price target of $449.5 based on the ratings of 12 analysts. The high is $690 issued by BTIG on Dec. 11, 2023. The low is $140 issued by Jefferies on Nov. 10, 2022.
The average price target of $563.33 between TD Cowen, Barclays, and Benchmark implies a 41.90% upside for MicroStrategy.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="380" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26013412/mstr-analyst-1024x380.png" alt="" class="wp-image-664732" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26013412/mstr-analyst-1024x380.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26013412/mstr-analyst-300x111.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26013412/mstr-analyst-768x285.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/26013412/mstr-analyst.png 1060w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42180180/peter-schiff-warns-trumps-bitcoin-support-could-lead-to-economic-chaos-make-america-weaker-as-wall-street-misallocates-bigly">Peter Schiff Warns Trump&#8217;s Bitcoin Support Could Lead To Economic Chaos, Make America &#8216;Weaker&#8217; As Wall Street Misallocates &#8216;Bigly&#8217;</a></li>
</ul>
Photo courtesy: Wikimedia

Michael Saylor's MicroStrategy Convertible Notes To Buy Bitcoin Offer No Interest, So Why Are Investors Rushing To Buy Them?

Rumble Inc.&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) saw a 5.75% rise in pre-market trading on Tuesday, as per <a href="https://pro.benzinga.com">Benzinga Pro</a>, following the announcement of a new Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury strategy.&nbsp;
What Happened:&nbsp;According to an announcement made&nbsp;Monday, Rumble&#8217;s board has<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42179537/rumble-bets-on-bitcoin-with-new-treasury-strategy-ceo-calls-it-an-excellent-addition"> approved a plan</a> to invest a portion of its surplus cash reserves into Bitcoin, aligning with the cryptocurrency&#8217;s record-breaking performance.
Meanwhile, Bitcoin dropped to 92,325.34 during pre-market hours after failing to break the $100,000 level. 
The strategy involves potential&nbsp;investments of up to $20&nbsp;million, with the company having discretion over the timing and amount. This could translate to acquiring approximately 212 Bitcoins at current market prices. However, the management will determine the actual purchase based on market conditions and Bitcoin&#8217;s price.
This move is part of Rumble&#8217;s broader strategic initiative to explore the cryptocurrency market. The decision reflects a growing trend among companies to diversify their treasury holdings with digital assets, especially during periods of significant price movements in the crypto market.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/24/11/42152947/satellite-images-reveal-north-korea-reportedly-receiving-illicit-oil-from-russia?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Satellite Images Reveal North Korea Reportedly Receiving Illicit Oil from Russia</a>
Why It Matters: Rumble&#8217;s decision to invest in Bitcoin is part of a broader strategy to expand its presence in the digital landscape. Recently, <a href="https://benzinga.com/24/11/42171771/why-rumble-stock-is-rising-monday-laser-focused-on-gaming-crypto-expansion">Rumble announced a partnership </a>with popular streamer Dr. Disrespect, who will provide exclusive content to Rumble Premium and lead Rumble Gaming as an advisor. This move underscores Rumble&#8217;s commitment to gaming and cryptocurrency expansion.
Meanwhile, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) and some other companies that hold Bitcoin have <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42183963/microstrategy-coinbase-and-other-bitcoin-linked-stocks-tumble-as-btcs-march-to-100000-stalls">experienced a downward pull</a> after Bitcoin&#8217;s slump.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42152684/musk-tweet-sparks-dogecoin-surge-fuels-speculation-on-x-payments?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Musk Tweet Sparks Dogecoin Surge, Fuels Speculation On X Payments</a></li>
</ul>
Image via Shutterstock

Pre-Market Outlook

Rumble Stock Rises In Tuesday Pre-Market After Adopting Bitcoin Treasury Strategy As BTC Retreats

Bitcoin-related stocks saw a decline in Tuesday&#8217;s pre-market trading as Bitcoin&#8217;s price slipped from its recent highs. The cryptocurrency&#8217;s rally appears to be losing steam after nearing the significant $100,000 milestone.
What Happened: Bitcoin, often dubbed &#8220;King Crypto,&#8221; was trading at $93,590.38 at 5:00 AM Eastern Time. A prominent trader has warned that if Bitcoin fails to break through the $100,000 resistance level, it could experience a significant correction, potentially dropping to $85,600 in a worst-case scenario.
As Bitcoin&#8217;s momentum seems to be waning, stocks tied to the cryptocurrency also face declines. As per <a href="https://pro.benzinga.com">Benzinga Pro</a>, MARA Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) dropped by 3.63%, MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) fell by 3.33%, and Coinbase Global Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) decreased by 3.40% in pre-market trading on Tuesday.
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42151809/michael-saylor-reveals-microstrategy-is-making-500m-a-day-with-bitcoin-may-very-well-be-the-most-profitable-company-in-the-us-growing-the-fastest-right-now?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Michael Saylor Reveals MicroStrategy Is &#8216;Making $500M A Day&#8217; With Bitcoin: &#8216;May Very Well Be The Most Profitable Company In The US Growing The Fastest Right Now&#8217;</a>
Why It Matters: The recent dip in Bitcoin&#8217;s price comes amid a broader <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42163156/why-bitcoins-rally-is-stalling-below-100000">cooling of bullish sentiment </a>in the cryptocurrency market. According to&nbsp;Santiment data, the enthusiasm that fueled a prolonged rally since September is waning, especially for major cryptocurrencies like Bitcoin and Ethereum. 
Adding to the concerns, a&nbsp;crypto analyst&nbsp;known for accurately predicting the <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42154900/crypto-expert-who-called-2022-market-crash-warns-about-bitcoin">2022 market crash</a> has warned that Bitcoin may be approaching a local top. The analyst, known as Capo, has highlighted indicators such as overextended bullish sentiment and diminishing momentum as signs that a correction could be imminent.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42173805/bitcoin-dogecoin-dip-ethereum-stays-green-trader-predicts-first-major-btc-correction-only-after-one-key-level-hits?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Bitcoin, Dogecoin Dip, Ethereum Stays Green: Trader Predicts &#8216;First Major BTC Correction&#8217; Only After One</a></li>
</ul>
Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
Image via Shutterstock

MicroStrategy, Coinbase, And Other Bitcoin-Linked Stocks Tumble As BTC's March To $100,000 Stalls

Renowned economist&nbsp;Peter Schiff&nbsp;came hard at the U.S. government&#8217;s endorsement of Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), predicting potential economic consequences.
What Happened: On Monday, Schiff took to X to express his concerns over the incoming Donald Trump administration&#8217;s bet on the world&#8217;s leading cryptocurrency.
&#8220;Thanks to the Trump administration&#8217;s&nbsp;picking Bitcoin, Wall Street is&nbsp;winning bigly misallocating capital to&nbsp;Bitcoin and related value-destroying businesses,&#8221; Schiff stated.
Schiff&#8217;s remarks appeared to be directed at MicroStrategy Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) aggressive Bitcoin buying strategy, now being emulated by other Wall Street <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42179537/rumble-bets-on-bitcoin-with-new-treasury-strategy-ceo-calls-it-an-excellent-addition">companies </a>like Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>). 
In what appeared to be a dig at Trump&#8217;s popular &#8216;Make America Great Again&#8217; slogan, Schiff said that becoming a Bitcoin superpower would make &#8220;America weaker.&#8221;
<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">When government picks winners and losers, it usually picks losers. Thanks to the <a href="https://twitter.com/hashtag/Trump?src=hash&amp;ref_src=twsrc%5Etfw">#Trump</a> administration&#39;s picking <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a>, Wall Street is winning bigly misallocating capital to Bitcoin and related value-destroying businesses. Becoming the Bitcoin superpower makes America weaker.
&mdash; Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1861034748522414500?ref_src=twsrc%5Etfw">November 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
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See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42176684/exclusive-tim-draper-predicts-bitcoin-to-reach-120k-by-end-of-2024-250k-in-2025">EXCLUSIVE: Tim Draper Predicts Bitcoin To Reach $120K By End Of 2024, $250K In 2025</a>
Why It Matters: Schiff&#8217;s comments come in the wake of his previous warnings about the potential economic catastrophe that could result from the U.S. government establishing a strategic Bitcoin reserve. 
He warned that the government would have to print more dollars to buy additional Bitcoin, which could <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">spiral into hyperinflation and severely devalue the dollar</a>.
The staunch Bitcoin critic has also been unsparing in his attack on Michael Saylor&#8217;s MicroStrategy, the firm currently hogging all the limelight because of its <a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42159139/microstrategy-shares-rise-in-monday-pre-market-as-michael-saylor-reveals-mstr-generating-500m-daily-amid-bitcoins-surge">aggressive BTC purchases.</a> He&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41478505/peter-schiff-predicts-a-bloodbath-for-microstrategy-stock-calls-it-the-most-overvalued-on-" target="_blank" rel="noreferrer noopener">predicted a ‘bloodbath'</a>&nbsp;for MicroStrategy's stock, terming it the most overvalued on the MSCI World Index.
Despite Schiff&#8217;s criticism, analysts&nbsp;argue&nbsp;that establishing a Bitcoin reserve would lend <a href="https://blog.coinshares.com/how-trumps-victory-could-boost-bitcoin-s-prospects-c5bb8d3c5bc8">Bitcoin historic legitimacy</a> and drive institutional interest, potentially accelerating its growth and pushing its value to unprecedented levels.
Price Action: At the time of writing, Bitcoin was trading at $94,547.92, sliding 3.16% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. 
Image via Wikimedia Commons
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42163156/why-bitcoins-rally-is-stalling-below-100000">Why Bitcoin&#8217;s Rally Is Stalling Below $100,000</a></li>
</ul>
Disclaimer:&nbsp;This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.

Peter Schiff Warns Trump's Bitcoin Support Could Lead To Economic Chaos, Make America 'Weaker' As Wall Street Misallocates 'Bigly'

Popular video-sharing platform Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) became the latest Wall Street player to embrace the Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) treasury strategy amid the apex cryptocurrency&#8217;s record-breaking run.
What Happened: According to an announcement made Monday, Rumble&#8217;s&nbsp;board approved&nbsp;a new strategy to allocate a portion of the company&#8217;s surplus&nbsp;cash reserves to Bitcoin. This&nbsp;move was part of Rumble&#8217;s strategic planning, aimed at supporting the company&#8217;s foray into the cryptocurrency market.
Rumble&#8217;s allocation strategy will include investments of up to $20 million, at the company&#8217;s discretion. At the prevailing market price, this would amount to a purchase of around 212 Bitcoins.
That said, the actual timing and value of the purchase would be decided by the management, contingent on factors such as general market conditions and the price of 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">BREAKING: Rumble Announces Bitcoin Treasury Strategy "Rumble's Bitcoin allocation strategy will include purchases, at the discretion of the company, of up to $20 million." <a href="https://t.co/J40IuW1Nnp">pic.twitter.com/J40IuW1Nnp</a>
&mdash; Rumble &#x1f3f4;&#x200d;&#x2620;&#xfe0f; (@rumblevideo) <a href="https://twitter.com/rumblevideo/status/1861175576490308063?ref_src=twsrc%5Etfw">November 25, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
&#8220;We&nbsp;believe that the world is&nbsp;still in the early stages&nbsp;of the adoption of Bitcoin,&nbsp;which has recently accelerated with&nbsp;the election of a crypto-friendly&nbsp;U.S. presidential administration and increased&nbsp;institutional adoption,&#8221; Rumble CEO Chris Pavloski said. 
He called Bitcoin a &#8220;valuable inflation hedge&#8221; and an &#8220;excellent addition&#8221; to the company&#8217;s treasury.
See Also:&nbsp;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42176684/exclusive-tim-draper-predicts-bitcoin-to-reach-120k-by-end-of-2024-250k-in-2025">EXCLUSIVE: Tim Draper Predicts Bitcoin To Reach $120K By End Of 2024, $250K In 2025</a>
Why It Matters: This move by Rumble comes in the wake of an increasing interest in Bitcoin investment among major companies. 
Interestingly, just last week, MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) CEO Michael Saylor <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">offered to educate Pavloski </a>on the implications of adding Bitcoin to a company&#8217;s reserves.
MicroStrategy pioneered the now-popular strategy, adding as many as <a href="https://bitcointreasuries.net/">386,700 Bitcoins</a>, worth over $36 billion, to its books., according to Bitcointreasuries.net.
Several major Wall Street firms, including MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), the world&#8217;s largest Bitcoin miner, have replicated MicroStrategy&#8217;s playbook. MARA is the second-largest corporate holder of Bitcoin, with 27,562 BTCs in its reserves, while Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) and Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) follow with 10,928 and 9.720, respectively.
Price Action: At the time of writing, Bitcoin was trading at $93,975.66, down 3.70% in the last 24 hours, according to <a href="https://pro.benzinga.com/dashboard?_gl=1&#x2A;380nj0&#x2A;_ga&#x2A;MTEyOTAyOTcxMy4xNzEzMzY0NTYy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDk4MzIzMi42LjEuMTcxNDk4OTE0Ni4wLjAuMA..">data from Benzinga Pro</a>. Since Donald Trump&#8217;s presidential victory earlier this month, the asset has surged by 38%.
Shares of Rumble surged 12.6% during Monday&#8217;s regular trading session.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/42170669/wisdomtree-files-for-xrp-etf-trust-report">WisdomTree Files For XRP ETF Trust: Report</a></li>
</ul>

MSFT

Rumble Bets On Bitcoin With New Treasury Strategy, CEO Calls It An 'Excellent Addition'

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. 
Here's the list of options activity happening in today's session: 
<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>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/29/24</td>
<td>$37.00</td>
<td>$47.5K</td>
<td>11.8K</td>
<td>19.9K</td>
</tr>
<tr>
<td>PCOR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$75.00</td>
<td>$59.1K</td>
<td>10.0K</td>
<td>8.5K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$72.50</td>
<td>$29.7K</td>
<td>3.6K</td>
<td>6.0K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/29/24</td>
<td>$417.50</td>
<td>$44.2K</td>
<td>3.6K</td>
<td>5.9K</td>
</tr>
<tr>
<td>WOLF</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$8.00</td>
<td>$118.9K</td>
<td>5.9K</td>
<td>4.8K</td>
</tr>
<tr>
<td>ALAB</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$105.00</td>
<td>$78.7K</td>
<td>1.2K</td>
<td>4.7K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$1080.00</td>
<td>$32.3K</td>
<td>3.6K</td>
<td>3.0K</td>
</tr>
<tr>
<td>VSAT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$11.00</td>
<td>$89.6K</td>
<td>805</td>
<td>2.1K</td>
</tr>
<tr>
<td>NVDA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>01/16/26</td>
<td>$160.00</td>
<td>$94.9K</td>
<td>10.1K</td>
<td>2.0K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$50.00</td>
<td>$86.0K</td>
<td>14.0K</td>
<td>1.5K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• 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 4 day(s) on November 29, 2024. Parties traded 200 contract(s) at a $37.00 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $47.5K, with a price of $236.0 per contract. There were 11870 open contracts at this strike prior to today, and today 19963 contract(s) were bought and sold. 
• For PCOR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PCOR#NYSE">PCOR</a>), we notice a call option sweep that happens to be bearish, expiring in 25 day(s) on December 20, 2024. This event was a transfer of 116 contract(s) at a $75.00 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 $59.1K, with a price of $510.0 per contract. There were 10004 open contracts at this strike prior to today, and today 8509 contract(s) were bought and sold. 
• Regarding WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we observe a call option sweep with bearish sentiment. It expires in 53 day(s) on January 17, 2025. Parties traded 116 contract(s) at a $72.50 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 $29.7K, with a price of $256.0 per contract. There were 3655 open contracts at this strike prior to today, and today 6012 contract(s) were bought and sold. 
• For MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we notice a call option sweep that happens to be bearish, expiring in 4 day(s) on November 29, 2024. This event was a transfer of 200 contract(s) at a $417.50 strike. This particular call needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $44.2K, with a price of $221.0 per contract. There were 3659 open contracts at this strike prior to today, and today 5924 contract(s) were bought and sold. 
• For WOLF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WOLF#NYSE">WOLF</a>), we notice a put option sweep that happens to be bearish, expiring in 53 day(s) on January 17, 2025. This event was a transfer of 1034 contract(s) at a $8.00 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 $118.9K, with a price of $115.0 per contract. There were 5934 open contracts at this strike prior to today, and today 4899 contract(s) were bought and sold. 
• For ALAB (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALAB#NASDAQ">ALAB</a>), we notice a put option sweep that happens to be bullish, expiring in 25 day(s) on December 20, 2024. This event was a transfer of 129 contract(s) at a $105.00 strike. This particular put needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $78.7K, with a price of $610.0 per contract. There were 1280 open contracts at this strike prior to today, and today 4716 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 bearish, expiring in 53 day(s) on January 17, 2025. This event was a transfer of 10 contract(s) at a $1080.00 strike. The total cost received by the writing party (or parties) was $32.3K, with a price of $3239.0 per contract. There were 3697 open contracts at this strike prior to today, and today 3067 contract(s) were bought and sold. 
• For VSAT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSAT#NASDAQ">VSAT</a>), we notice a call option sweep that happens to be bearish, expiring in 53 day(s) on January 17, 2025. This event was a transfer of 995 contract(s) at a $11.00 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 $89.6K, with a price of $90.0 per contract. There were 805 open contracts at this strike prior to today, and today 2113 contract(s) were bought and sold. 
• Regarding NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we observe a call option sweep with neutral sentiment. It expires in 417 day(s) on January 16, 2026. Parties traded 40 contract(s) at a $160.00 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 $94.9K, with a price of $2373.0 per contract. There were 10192 open contracts at this strike prior to today, and today 2064 contract(s) were bought and sold. 
• For MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we notice a call option sweep that happens to be bullish, expiring in 417 day(s) on January 16, 2026. This event was a transfer of 94 contract(s) at a $50.00 strike. This particular call needed to be split into 33 different trades to become filled. The total cost received by the writing party (or parties) was $86.0K, with a price of $915.0 per contract. There were 14021 open contracts at this strike prior to today, and today 1529 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.

ALAB

PCOR

VSAT

WOLF

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

TD Cowen maintains MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with a Buy and raises the price target from $392 to $525.

Price Target

Analyst Ratings

TD Cowen Maintains Buy on MicroStrategy, Raises Price Target to $525

To gain an edge, this is what you need to know today.
<figure class="wp-block-image size-large is-resized"><img decoding="async" src="https://thearorareport.com/wp-content/uploads/2024/11/2024-11-25_08h01_16-scaled.jpg" alt="" style="width:624px" /></figure>
<h3 class="wp-block-heading">Bessent Trade</h3>
Please <a href="https://thearorareport.com/chart-analysis-stock-shift-away-from-nvidia-bessent-trade-mstr-nvda-mc-11252024">click here</a> for a chart comparing NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and MicroStrategy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>).&nbsp;
Note the following:
<ul>
<li>The chart shows Microstrategy (MSTR) is up over 70% since Trump's re-election.</li>
<li>The chart shows Nvidia (NVDA) on the other hand is down about 2.5% since Trump's re-election.&nbsp;&nbsp;</li>
<li>There is a sharp difference between Nvidia and Microstrategy.
<ul>
<li>Nvidia has developed world changing chips for artificial intelligence.</li>
<li>Microstrategy buys bitcoin and is a leveraged way to play bitcoin. At one time, MSTR market cap rose to over 300% of the value of the bitcoin it owned.&nbsp;&nbsp;</li>
</ul>
</li>
<li>Traders have shifted from NVDA being their favorite stock to MSTR being their favorite stock. &nbsp;</li>
<li>Here is how Microstrategy's business model works:
<ul>
<li>Microstrategy raises money by selling stocks and bonds.&nbsp;&nbsp;</li>
<li>Microstrategy uses the proceeds to buy bitcoin.&nbsp;</li>
<li>Microstrategy highly publicizes its plans to buy bitcoin.&nbsp;</li>
<li>Microstrategy buying runs up bitcoin.&nbsp;</li>
<li>The run up in bitcoin prompts traders to super aggressively buy more MSTR stock.</li>
<li>The super aggressive buying runs up MSTR stock.</li>
<li>Microstrategy takes advantage of the run up in its stock to buy more bitcoin.&nbsp;</li>
<li>Microstrategy continues to repeat the process, and traders continue to buy more MSTR stock, running it up higher.</li>
</ul>
</li>
<li>Nvidia's business model is to continuously innovate and progressively produce more powerful chips and software to advance AI.&nbsp;&nbsp;</li>
<li>72.5% outperformance shown on the chart of MSTR over NVDA is a great indicator for prudent investors of the sentiment in this market.&nbsp;&nbsp;</li>
<li>Investors are buying stocks and cryptos with total abandon.&nbsp; If it was not for the positive seasonality and year end chase, this kind of reckless buying would have resulted in increasing the protection band because extreme positive sentiment is historically a sell signal. &nbsp;However, The Arora Report call remains to buy the dips because the year end chase is likely to trump all other factors.&nbsp; In year end chase, even bearish money managers aggressively buy stocks to keep up with their benchmarks.</li>
<li>Trump has picked Scott Bessent as the next Treasury Secretary.&nbsp; Bessent is a Wall Street insider.&nbsp; Elon Musk had previously tweeted that the selection of Bessent would mean business as usual.&nbsp; Wall Street is celebrating Bessent's selection by starting to shift from the Trump trade to the Bessent trade. &nbsp;In The Arora Report analysis, the Bessent trade and the Trump trade have some common elements, but they also have some opposing elements. &nbsp;Here is a summary of the Bessent trade:
<ul>
<li>Buy stocks, especially financial stocks and highly speculative stocks.</li>
<li>Buy bonds.&nbsp; Yields are falling across the board.&nbsp;</li>
<li>Sell the dollar.&nbsp;&nbsp;</li>
<li>Sell gold and silver.</li>
<li>Sell oil.</li>
<li>Moderating manic buying in cryptos, including bitcoin.&nbsp; There are always crosscurrents.&nbsp; Michael Saylor, CEO of Microstrategy, is indicating that Microstrategy will be buying bitcoin today from the $3B raised from a bond sale. </li>
</ul>
</li>
<li>Consumer confidence data will be released at 10am ET.&nbsp; In The Arora Report analysis, consumer confidence has risen after Trump's re-election.&nbsp; The consensus is 113.&nbsp; Expect the stock market to react positively to the number irrespective of what it comes at because of the extreme positive sentiment.&nbsp; When market sentiment is at an extreme positive, the stock market goes up even on bad news. &nbsp;</li>
<li>FOMC minutes will be released at 2pm ET.&nbsp; In The Arora Report analysis, the minutes are not likely to show any surprise, and as such, the market reaction may be muted.&nbsp;&nbsp;&nbsp;</li>
</ul>
<h3 class="wp-block-heading">Magnificent Seven Money Flows</h3>
In the early trade, money flows are positive in Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), Amazon.com, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), Alphabet Inc Class C (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>), Meta Platforms Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>), Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), and Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).
In the early trade, money flows are neutral in NVDA.
In the early trade, money flows are positive in SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<h3 class="wp-block-heading">Momo Crowd And Smart Money In Stocks</h3>
Investors can gain an edge by knowing money flows in SPY and QQQ.  Investors can get a bigger edge by knowing when smart money is buying stocks, gold, and oil.  The most popular ETF for gold is SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>).  The most popular ETF for silver is iShares Silver Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLV#NYSE">SLV</a>).  The most popular ETF for oil is United States Oil ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USO#NYSE">USO</a>).
<h3 class="wp-block-heading">Bitcoin</h3>
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) is range bound.&nbsp;
<h3 class="wp-block-heading">Protection Band And What To Do Now</h3>
It is important for investors to look ahead and not in the rearview mirror.&nbsp; The proprietary protection band from The Arora Report is very popular.&nbsp; The protection band puts all of the data, all of the indicators, all of the news, all of the crosscurrents, all of the models, and all of the analysis in an analytical framework that is easily actionable by investors.&nbsp;
Consider continuing to hold good, very long term, existing positions. Based on individual risk preference, consider a protection band consisting of cash or Treasury bills or short-term tactical trades as well as short to medium term hedges and short term hedges. This is a good way to protect yourself and participate in the upside at the same time.
You can determine your protection bands by adding cash to hedges.&nbsp; The high band of the protection is appropriate for those who are older or conservative. The low band of the protection is appropriate for those who are younger or aggressive.&nbsp; If you do not hedge, the total cash level should be more than stated above but significantly less than cash plus hedges.
A protection band of 0% would be very bullish and would indicate full investment with 0% in cash.&nbsp; A protection band of 100% would be very bearish and would indicate a need for aggressive protection with cash and hedges or aggressive short selling.
It is worth reminding that you cannot take advantage of new upcoming opportunities if you are not holding enough cash.&nbsp; When adjusting hedge levels, consider adjusting partial stop quantities for stock positions (non ETF); consider using wider stops on remaining quantities and also allowing more room for high beta stocks.&nbsp; High beta stocks are the ones that move more than the market.
<h3 class="wp-block-heading">Traditional 60/40 Portfolio</h3>
Probability based risk reward adjusted for inflation does not favor long duration strategic bond allocation at this time.
Those who want to stick to traditional 60% allocation to stocks and 40% to bonds may consider focusing on only high quality bonds and bonds of five year duration or less.&nbsp; Those willing to bring sophistication to their investing may consider using bond ETFs as tactical positions and not strategic positions at this time.
The Arora Report is known for its accurate calls. The Arora Report correctly called the big artificial intelligence rally before anyone else, the new bull market of 2023, the bear market of 2022, new stock market highs right after the virus low in 2020, the virus drop in 2020, the DJIA rally to 30,000 when it was trading at 16,000, the start of a mega bull market in 2009, and the financial crash of 2008. Please click here to sign up for a free forever <a href="https://thearorareport.com/generate-wealth-newsletter-benzinga">Generate Wealth Newsletter</a>.

Market Summary

GOOG

Shift From Nvidia To This Stock As The Favorite, Traders Moving From Trump Trade To Bessent Trade

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Loop Capital cut the price target for Warner Music Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WMG#NASDAQ">WMG</a>) from $38 to $35. Loop Capital analyst Alan Gould maintained a Hold rating. Warner Music shares closed at $31.85 on Friday. <a href="https://www.benzinga.com/quote/WMG/analyst-ratings">See how other analysts view this stock.</a></li>
<li>DA Davidson raised the price target for Helen of Troy Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) from $71 to $78. DA Davidson analyst Linda Bolton Weiser maintained a Neutral rating. Helen of Troy shares closed at $69.92 on Friday. <a href="https://www.benzinga.com/quote/HELE/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>TD Cowen boosted Domino&#8217;s Pizza, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DPZ#NYSE">DPZ</a>) price target from $475 to $515. TD Cowen analyst Andrew Charles maintained a Buy rating. Domino&#8217;s shares settled at $453.35 on Friday. <a href="https://www.benzinga.com/quote/DPZ/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Canaccord Genuity boosted MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) price target from $300 to $510. Canaccord Genuity analyst Joseph Vafi maintained a Buy rating. MicroStrategy shares closed at $421.88 on Friday. <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">See how other analysts view this stock.</a></li>
<li>B of A Securities raised Palantir Technologies Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>) price target from $55 to $75. B of A Securities analyst Mariana Perez maintained a Buy rating. Palantir shares closed at $64.35 on Friday.  <a href="https://www.benzinga.com/quote/PLTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Baird boosted Wix.com Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WIX#NASDAQ">WIX</a>) price target from $175 to $215. Baird maintained a Neutral rating on the stock. Wix shares closed at $217.20 on Friday. See how other analysts view this stock.</li>
<li>Wells Fargo cut the price target for HCA Healthcare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) from $400 to $320. Wells Fargo analyst Stephen Baxter downgraded the stock from Equal-Weight to Underweight. HCA Healthcare shares settled at $324.93 on Friday. <a href="https://www.benzinga.com/quote/HCA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup boosted U.S. Bancorp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/USB#NYSE">USB</a>) price target from $49 to $65. Citigroup analyst Keith Horowitz upgraded the stock from Neutral to Buy. U.S. Bancorp shares closed at $52.49 on Friday. <a href="https://www.benzinga.com/quote/USB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush increased the price target for Salesforce, Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>) from $325 to $375. Wedbush analyst Daniel Ives maintained an Outperform rating. Salesforce shares closed at $342.02 on Friday. <a href="https://www.benzinga.com/quote/CRM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>DA Davidson boosted The Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>) price target from $160 to $209. DA Davidson analyst Linda Bolton Weiser upgraded the stock from Neutral to Buy. Procter &amp; Gamble shares closed at $176.28 on Friday. <a href="https://www.benzinga.com/quote/PG/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Read This Next:
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<li> <a href="https://www.benzinga.com/24/11/42137942/jim-cramer-says-this-stock-is-a-bitcoin-play-and-he-prefers-to-own-bitcoin">Jim Cramer Says This Stock Is A Bitcoin Play And He Prefers To Own Bitcoin</a></li>
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HELE

Salesforce To Rally Around 10%? Here Are 10 Top Analyst Forecasts For Monday

Barclays analyst Ramsey El-Assal maintains MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with a Overweight and raises the price target from $275 to $515.

Barclays Maintains Overweight on MicroStrategy, Raises Price Target to $515

Benchmark analyst Mark Palmer maintains MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with a Buy and raises the price target from $450 to $650.

Benchmark Maintains Buy on MicroStrategy, Raises Price Target to $650

MSTRRKLBNVDAACHRSAVATSLA$BTCLUNRMARAHOODData from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment " title="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment ">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment </a>
<ul>
<li>MSTR</li>
<li>RKLB</li>
<li>NVDA</li>
<li>ACHR</li>
<li>SAVA</li>
<li>TSLA</li>
<li>$BTC</li>
<li>LUNR</li>
<li>MARA</li>
<li>HOOD</li>
</ul>
Data from <a href="https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment">https://swaggystocks.com/dashboard/wallstreetbets/ticker-sentiment</a>
&nbsp;

HOOD

LUNR

SAVA

Top 10 Trending Stocks On WallStreetBets As Of November 25, 2024 (Via Swaggy Stocks)

Dow, S&P, and Nasdaq advance while yields slide to start the holiday shortened week

Cantor Fitzgerald raised the firm's price target on Mara Holdings (MARA) to $42 from $33 and keeps an Overweight rating on the shares. Mara Holding...

Mara Holdings price target raised to $42 from $33 at Cantor Fitzgerald

MicroStrategy ($MSTR) made a massive move in the cryptocurrency market, purchasing 55,000 Bitcoin for a hefty $5.4 billion. This latest acquisition...

MicroStrategy (NASDAQ:MSTR) Boosts Bitcoin Holdings with $5.4 Billion Purchase

Dow, S&P, and Nasdaq ended higher to start the holiday shortened trading week

Wall Street Lunch: Holiday-Shortened Week Starts Positively

MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares' incredible run has brought its year-to-date gains to ~540%, making it the ultimate Bitcoin play. In fact, it is...

'There's More Room to Run,' Says Top Analyst About MicroStrategy Stock

BUZZ Investing: Election Sparks 'Trump Trade' Rally

It's been a relatively busy morning for earnings, especially from retailers. Of the ten companies reporting, six topped EPS forecasts, seven beat sales forecasts, but two, Best Buy and Kohl's lowered guidance.

Pain In Retail

Social media video platform Rumble ($RUM), perhaps best known for its commitment to free speech, took a page out of the Microstrategy ($MSTR) playb...

Rumble (NASDAQ:RUM) Plans Huge Bitcoin Buy

Bitcoin drifts down toward $90K; can it hit $100K by year-end?

ABBV

ALRM

AMGN

ASTS

BACRP

BPMC

BUZZ

CELH

EWTX

HIMS

LCID

MRNA

PTCT

RBLX

REGCO

REGCP

ROIV

SMLR

SOFI

SWTX

TVTX

VERA

VKTX

VRTX

XENE

Screenshot 2024-10-11 at 5.33.57 PM

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

MSTZ

MSTU And MSTZ: The Only 2x ETFs On MicroStrategy And One Of The Most Volatile Ways To Play Bitcoin

Screenshot 2024-09-24 at 5.48.58 PM

BTCL

BTCZ

MicroStrategy: A Potential Bitcoin Proxy? Now You Can Trade Its Moves With Leveraged MSTR ETFs

Cryptocurrencies Surge On News Of Trump Presidential Win

Press Releases

MicroStrategy Receives Proddy Award for Top Embedded Business Intelligence Product

Tidal Financial Group Announces Reverse Stock Split for Defiance Daily Target 2X Short MSTR ETF (Ticker: SMST)

MicroStrategy To Raise $42 Billion And Buy More Bitcoin

MicroStrategy Announces BTC and ATM Activity; Raised $2.03 billion; Purchased 27,200 BTC; Now Holds 279,420 BTC with BTC Yield of 26.4% YTD

MicroStrategy Announces Proposed Private Offering of $1.75 Billion of Convertible Senior Notes

MicroStrategy Announces Pricing of Offering of 0% Convertible Senior Notes

MicroStrategy Completes $3,000,000,000 Offering of 0% Convertible Senior Notes Due 2029

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