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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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MicroStrategy anuncia la emisión de 2,5M de acciones preferentes perpetuas de Serie A para financiar compra de BTC y capital circulante.

MicroStrategy (MSTR) emite acciones preferentes y ajusta su estrategia financiera

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

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Semler Scientific Inc (NASDAQ:SMLR), una empresa de tecnología médica, ha anunciado un cambio significativo en el espacio de las criptomonedas con su última oferta de pagarés convertibles y los planes p

Semler Scientific adopta Bitcoin: Oferta de pagarés convertibles y planes de tesorería cripto

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Matt Tuttle planea lanzar ETF basados en derivados de acciones populares como Nvidia y Tesla, aprovechando el auge de las opciones 0DTE.

Matt Tuttle apuesta por ETF de opciones: Nvidia, Tesla y más

MicroStrategy Incorporated - Class A Common Stock

MicroStrategy Inc

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Shares of Bitcoin miners and crypto-linked stocks are trading higher after Bitcoin rose above $106,000.

MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) launched the latest version of MicroStrategy ONE, to help enterprises quickly harness the benefits of generative AI <a href="https://www.benzinga.com/pressreleases/25/01/b43341321/microstrategy-delivers-rapid-value-from-ai-through-personalized-experiences-with-latest-release">through a tailored user experience</a>.
In particular, the platform&#8217;s Auto AI bot offers a conversational interface for seamless data interaction.
This update introduces new chart types and enhancements that improve Auto's ability to interpret vague queries by utilizing context and previous user interactions.
Users can now give direct feedback to Auto, allowing it to refine future responses based on individual preferences.
Additionally, the latest update introduces more detailed controls for developers and partners integrating AI bots into their own applications.
Notably, in 2024, MicroStrategy integrated the Auto AI bot into HyperIntelligence, its patented tool for delivering insights within any web application without coding.
The new release enhances this functionality by enabling Auto to incorporate personalized context, further improving the user experience.
The company anticipates that MicroStrategy ONE will be accessible on major platforms, including AWS, Azure, Google, and STACKIT in Europe.
This availability will allow users to utilize existing cloud credits while maintaining flexibility and avoiding cloud vendor lock-in.
Investors can gain exposure to the stock via ETF Opportunities Trust T-Rex 2X Long MSTR Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MSTU#BATS">MSTU</a>) and First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRPT#NYSE">CRPT</a>).
Price Action: MSTR shares are up 0.64% at $343.42 at the last check Thursday.
Read Next:<a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43333849/microstrategy-is-a-lever-for-the-believer-says-mizuho-initiates-coverage-on-bitcoins-levered-play-with-an-outperform-rating"></a>
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43333849/microstrategy-is-a-lever-for-the-believer-says-mizuho-initiates-coverage-on-bitcoins-levered-play-with-an-outperform-rating">MicroStrategy Is A &#8216;Lever For The Believer,&#8217; Says Mizuho, Initiates Coverage On Bitcoin&#8217;s Levered Play With An &#8216;Outperform&#8217; Rating</a></li>
</ul>
Photo via Shutterstock.

Tech

MicroStrategy Supercharges AI, Unveils Updates To MicroStrategy ONE

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>NVDA</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$120.00</td>
<td>$25.6K</td>
<td>80.0K</td>
<td>128.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$237.50</td>
<td>$47.6K</td>
<td>5.6K</td>
<td>5.8K</td>
</tr>
<tr>
<td>TER</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$115.00</td>
<td>$27.6K</td>
<td>8</td>
<td>4.4K</td>
</tr>
<tr>
<td>MSTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$330.00</td>
<td>$33.5K</td>
<td>2.7K</td>
<td>2.7K</td>
</tr>
<tr>
<td>MU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$90.00</td>
<td>$43.3K</td>
<td>6.3K</td>
<td>1.9K</td>
</tr>
<tr>
<td>DDOG</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/14/25</td>
<td>$150.00</td>
<td>$27.8K</td>
<td>587</td>
<td>1.8K</td>
</tr>
<tr>
<td>JNPR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$35.00</td>
<td>$31.2K</td>
<td>12.0K</td>
<td>1.5K</td>
</tr>
<tr>
<td>AVGO</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$240.00</td>
<td>$31.3K</td>
<td>1.2K</td>
<td>1.0K</td>
</tr>
<tr>
<td>WDC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$65.00</td>
<td>$31.5K</td>
<td>2.5K</td>
<td>832</td>
</tr>
<tr>
<td>ENPH</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$70.00</td>
<td>$104.1K</td>
<td>6.1K</td>
<td>801</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a put option sweep that happens to be bullish, expiring in 1 day(s) on January 31, 2025. This event was a transfer of 100 contract(s) at a $120.00 strike. This particular put needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $25.6K, with a price of $256.0 per contract. There were 80028 open contracts at this strike prior to today, and today 128594 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 put option sweep that happens to be bullish, expiring in 1 day(s) on January 31, 2025. This event was a transfer of 100 contract(s) at a $237.50 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $47.6K, with a price of $477.0 per contract. There were 5606 open contracts at this strike prior to today, and today 5844 contract(s) were bought and sold. 
• Regarding TER (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>), we observe a call option trade with neutral sentiment. It expires in 22 day(s) on February 21, 2025. Parties traded 69 contract(s) at a $115.00 strike. The total cost received by the writing party (or parties) was $27.6K, with a price of $400.0 per contract. There were 8 open contracts at this strike prior to today, and today 4489 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 put option sweep that happens to be bearish, expiring in 1 day(s) on January 31, 2025. This event was a transfer of 100 contract(s) at a $330.00 strike. This particular put needed to be split into 56 different trades to become filled. The total cost received by the writing party (or parties) was $33.5K, with a price of $335.0 per contract. There were 2732 open contracts at this strike prior to today, and today 2760 contract(s) were bought and sold. 
• For MU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), we notice a call option trade that happens to be bullish, expiring in 50 day(s) on March 21, 2025. This event was a transfer of 50 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $43.3K, with a price of $867.0 per contract. There were 6304 open contracts at this strike prior to today, and today 1957 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 15 day(s) on February 14, 2025. Parties traded 74 contract(s) at a $150.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $27.8K, with a price of $376.0 per contract. There were 587 open contracts at this strike prior to today, and today 1845 contract(s) were bought and sold. 
• Regarding JNPR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>), we observe a put option sweep with bearish sentiment. It expires in 22 day(s) on February 21, 2025. Parties traded 260 contract(s) at a $35.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $31.2K, with a price of $120.0 per contract. There were 12038 open contracts at this strike prior to today, and today 1558 contract(s) were bought and sold. 
• Regarding AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we observe a put option trade with bullish sentiment. It expires in 351 day(s) on January 16, 2026. Parties traded 7 contract(s) at a $240.00 strike. The total cost received by the writing party (or parties) was $31.3K, with a price of $4480.0 per contract. There were 1228 open contracts at this strike prior to today, and today 1044 contract(s) were bought and sold. 
• For WDC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDC#NASDAQ">WDC</a>), we notice a call option trade that happens to be bearish, expiring in 22 day(s) on February 21, 2025. 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 $31.5K, with a price of $315.0 per contract. There were 2557 open contracts at this strike prior to today, and today 832 contract(s) were bought and sold. 
• For ENPH (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENPH#NASDAQ">ENPH</a>), we notice a put option sweep that happens to be bearish, expiring in 50 day(s) on March 21, 2025. This event was a transfer of 89 contract(s) at a $70.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $104.1K, with a price of $1170.0 per contract. There were 6176 open contracts at this strike prior to today, and today 801 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

AVGO

DDOG

ENPH

JNPR

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>) can benefit from the rising Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices, and faster growth in its holdings as compared to share dilution, says Mizuho as it describes the company&#8217;s play on the cryptocurrency as the &#8220;Lever for the Believer&#8221; in its note dated Jan. 29.
The MSTR Analysts: A group of analysts at Mizuho including its managing director, Dan Dolev, vice president, Sean Kennedy along with associates Ryan Coyne and Nicholas Lucas, initiated coverage on MicroStrategy with an &#8216;outperform&#8217; rating and price target of $515, implying a 53.3% upside from Tuesday&#8217;s close of $335.93 apiece.
See Also:&nbsp;<a href="https://www.benzinga.com/25/01/43327741/ibm-bets-big-on-ai-based-hybrid-cloud-sees-2-billion-in-generative-ai-deals-from-inception-to-date-in-q4" target="_blank" rel="noreferrer noopener">IBM Beats Q4 Estimates, Bets Big On AI With $2 Billion Generative AI Business</a>
Analyst Takeaways: Highlighting MicroStrategy&#8217;s strategy of using proceeds from debt and equity offerings to acquire more bitcoin, the analysts in the research note said that MSTR enjoys a premium of approximately 75% over the underlying value of its bitcoin holdings.
The Michael Saylor-led company leverages this premium to issue convertible bonds and equity. This allows MicroStrategy to grow its bitcoin holdings at a faster pace than share dilution.
While bitcoin itself lacks intrinsic value, the analyst believes that rising global adoption, a slowing rate of bitcoin supply growth, and a potentially favorable political environment support price appreciation. The research note forecasts a 25-30% compound annual growth rate for Bitcoin through the end of 2027, based on a correlation between Bitcoin adoption and price.
The note also highlights the company&#8217;s first-mover advantage, as its early adoption of Bitcoin as a primary treasury reserve asset has given it scale and access to capital markets.
As per the sum-of-the-parts valuation, the analysts estimate MSTR&#8217;s bitcoin holdings to reach 783,000 coins, valued at $166,000 per coin by 2027 end.
See Also:&nbsp;<a href="https://www.benzinga.com/25/01/43329174/western-digitals-businesses-position-itself-to-be-a-key-supplier-the-ai-driven-demand-for-storage-solutions-ahead-of-the-split" target="_blank" rel="noreferrer noopener">Western Digital Reports Mixed Q2 Ahead Of Business Split: AI Demand Bolsters Outlook</a>
<ul>
<li>Base Case: In this scenario, Mizuho projects MSTR to exceed its three-year capital raise targets, the proceeds from which would be used to accumulate bitcoin. The price target is expected to be $515 per share.</li>
</ul>
<ul>
<li>Bull Case: If there is faster Bitcoin adoption growth and the U.S. government creates a strategic Bitcoin reserve, the stock price could go up to $1,216 per share.</li>
</ul>
<ul>
<li>Bear Case: If there is a rollover in bitcoin adoption growth, which drives bitcoin prices lower, MSTR could raise less capital. This will lead the stock price to decline at $140 per share.</li>
</ul>
<ul>
<li>Risks: The downside included MSTR&#8217;s inability to raise sufficient capital to buy bitcoin as planned. Debt repayment risk if bitcoin prices fell significantly for a prolonged period and quantum computing threat to the security of bitcoin network.</li>
</ul>
Price Action: MicroStrategy&#8217;s stock was up 0.96% in the premarket trading, whereas, the exchange-traded fund tracking Nasdaq 100, Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) was up 0.46% at $523.25. As of Jan. 30, MSTR held 471,107 Bitcoins representing 2.243% of its total supply, valued at $49.53 billion, <a href="https://treasuries.bitbo.io/#public">according </a>to BiTBO.
MSTR has a consensus ‘buy&#8217; with a price target of $454.54, according to the 13 analysts <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">tracked by Benzinga</a>. The high target is $690, and the low is $140. Recent ratings by Mizuho, Benchmark, and Benchmark suggest a $523 target, implying a 75.57% upside.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/MSTR/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="385" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30071302/MSTR-ANR-Fin-1024x385.png" alt="" class="wp-image-757877" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30071302/MSTR-ANR-Fin-1024x385.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30071302/MSTR-ANR-Fin-300x113.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30071302/MSTR-ANR-Fin-768x289.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/30071302/MSTR-ANR-Fin.png 1060w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
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Photo courtesy: Shutterstock

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MicroStrategy Is A 'Lever For The Believer,' Says Mizuho, Initiates Coverage On Bitcoin's Levered Play With An 'Outperform' Rating

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. 
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>TRADE</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$125.00</td>
<td>$60.7K</td>
<td>44.8K</td>
<td>91.3K</td>
</tr>
<tr>
<td>MSFT</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$432.50</td>
<td>$50.1K</td>
<td>1.0K</td>
<td>3.5K</td>
</tr>
<tr>
<td>WULF</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$5.00</td>
<td>$39.0K</td>
<td>8.5K</td>
<td>2.1K</td>
</tr>
<tr>
<td>KOPN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$1.50</td>
<td>$41.9K</td>
<td>335</td>
<td>2.0K</td>
</tr>
<tr>
<td>INTC</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$20.00</td>
<td>$110.2K</td>
<td>25.4K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/31/25</td>
<td>$355.00</td>
<td>$46.3K</td>
<td>1.6K</td>
<td>988</td>
</tr>
<tr>
<td>CRM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/21/25</td>
<td>$370.00</td>
<td>$28.3K</td>
<td>6.5K</td>
<td>744</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$28.50</td>
<td>$39.6K</td>
<td>442</td>
<td>732</td>
</tr>
<tr>
<td>LRCX</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$74.00</td>
<td>$30.1K</td>
<td>1.0K</td>
<td>639</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/19/25</td>
<td>$90.00</td>
<td>$35.3K</td>
<td>153</td>
<td>583</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 call option trade with bullish sentiment. It expires in 2 day(s) on January 31, 2025. Parties traded 250 contract(s) at a $125.00 strike. The total cost received by the writing party (or parties) was $60.7K, with a price of $243.0 per contract. There were 44874 open contracts at this strike prior to today, and today 91370 contract(s) were bought and sold. 
• Regarding MSFT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>), we observe a put option trade with bearish sentiment. It expires in 2 day(s) on January 31, 2025. Parties traded 100 contract(s) at a $432.50 strike. The total cost received by the writing party (or parties) was $50.1K, with a price of $501.0 per contract. There were 1066 open contracts at this strike prior to today, and today 3511 contract(s) were bought and sold. 
• Regarding WULF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WULF#NASDAQ">WULF</a>), we observe a call option sweep with bullish sentiment. It expires in 23 day(s) on February 21, 2025. Parties traded 1000 contract(s) at a $5.00 strike. This particular call needed to be split into 23 different trades to become filled. The total cost received by the writing party (or parties) was $39.0K, with a price of $39.0 per contract. There were 8502 open contracts at this strike prior to today, and today 2154 contract(s) were bought and sold. 
• Regarding KOPN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KOPN#NASDAQ">KOPN</a>), we observe a call option sweep with bearish sentiment. It expires in 51 day(s) on March 21, 2025. Parties traded 933 contract(s) at a $1.50 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $41.9K, with a price of $45.0 per contract. There were 335 open contracts at this strike prior to today, and today 2054 contract(s) were bought and sold. 
• Regarding INTC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>), we observe a put option sweep with bearish sentiment. It expires in 51 day(s) on March 21, 2025. Parties traded 616 contract(s) at a $20.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $110.2K, with a price of $179.0 per contract. There were 25423 open contracts at this strike prior to today, and today 1274 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 neutral, expiring in 2 day(s) on January 31, 2025. This event was a transfer of 100 contract(s) at a $355.00 strike. The total cost received by the writing party (or parties) was $46.3K, with a price of $463.0 per contract. There were 1672 open contracts at this strike prior to today, and today 988 contract(s) were bought and sold. 
• Regarding CRM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRM#NYSE">CRM</a>), we observe a call option sweep with bearish sentiment. It expires in 23 day(s) on February 21, 2025. Parties traded 55 contract(s) at a $370.00 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 $28.3K, with a price of $516.0 per contract. There were 6501 open contracts at this strike prior to today, and today 744 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 trade with bullish sentiment. It expires in 23 day(s) on February 21, 2025. Parties traded 98 contract(s) at a $28.50 strike. The total cost received by the writing party (or parties) was $39.6K, with a price of $405.0 per contract. There were 442 open contracts at this strike prior to today, and today 732 contract(s) were bought and sold. 
• For LRCX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>), we notice a call option trade that happens to be bullish, expiring in 2 day(s) on January 31, 2025. This event was a transfer of 86 contract(s) at a $74.00 strike. The total cost received by the writing party (or parties) was $30.1K, with a price of $350.0 per contract. There were 1025 open contracts at this strike prior to today, and today 639 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 bearish sentiment. It expires in 233 day(s) on September 19, 2025. Parties traded 10 contract(s) at a $90.00 strike. This particular call needed to be split into 9 different trades to become filled. The total cost received by the writing party (or parties) was $35.3K, with a price of $3535.0 per contract. There were 153 open contracts at this strike prior to today, and today 583 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 news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

INTC

KOPN

LRCX

SMCI

WULF

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

Top Wall Street analysts initiated coverage on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Morgan Stanley analyst Cesar Medina initiated coverage on Millicom International Cellular S.A. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TIGO#NASDAQ">TIGO</a>) with an Equal-Weight rating and announced a price target of $32. Millicom Intl Cellular shares closed at $27.60 on Tuesday. <a href="https://www.benzinga.com/quote/TIGO/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Mizuho analyst Dan Dolev initiated coverage on MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with an Outperform rating and announced a price target of $515. MicroStrategy shares closed at $335.93 on Tuesday. <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Morgan Stanley analyst Ronald Kamdem initiated coverage on Curbline Properties Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CURB#NYSE">CURB</a>) with an Equal-Weight rating and announced a price target of $27. Curbline Properties shares closed at $25.25 on Tuesday. <a href="https://www.benzinga.com/quote/CURB/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Truist Securities analyst Joon Lee initiated coverage on Larimar Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRMR#NASDAQ">LRMR</a>) with a Buy rating and announced a price target of $18. Larimar Therapeutics shares closed at $3.48 on Tuesday. <a href="https://www.benzinga.com/quote/LRMR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Cantor Fitzgerald analyst Brett Knoblauch initiated coverage on Galaxy Digital Hldgs (TSX:<a class="ticker" href="https://www.benzinga.com/stock/GLXY#TSX">GLXY</a>) with an Overweight rating and announced a price target of C$44. <a href="https://www.benzinga.com/quote/GLXY/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying MSTR stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="592" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29090554/image-234-1024x592.png" alt="" class="wp-image-755883" style="width:586px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29090554/image-234-1024x592.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29090554/image-234-300x173.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29090554/image-234-768x444.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/29090554/image-234.png 1126w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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<li><a href="https://www.benzinga.com/25/01/43301090/how-to-earn-500-a-month-from-meta-platforms-stock-ahead-of-q4-earnings">How To Earn $500 A Month From Meta Platforms Stock Ahead Of Q4 Earnings</a></li>
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Initiation

Pre-Market Outlook

Trading Ideas

CURB

Larimar Therapeutics, Inc. - Common Stock

LRMR

TIGO

TSX:GLXY

This MicroStrategy Analyst Begins Coverage On A Bullish Note; Here Are Top 5 Initiations For Wednesday

Mizuho analyst Dan Dolev initiates coverage on MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) with a Outperform rating and announces Price Target of $515.

Mizuho Initiates Coverage On MicroStrategy with Outperform Rating, Announces Price Target of $515

Miller Value Partners, led by Bill Miller IV, acquired 50,250 shares of MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) during the third quarter of 2024, a move that has yielded lower returns compared to Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) exchange-traded funds, according to 13F regulatory filings with U.S. Securities and Exchange Commission and market data.
What Happened: The investment firm&#8217;s $8.47 million position in MicroStrategy has generated approximately $213,504 in gains since Nov. 14, representing a 2.52% return. 
In contrast, investing the same amount in the iShares Bitcoin Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IBIT#NASDAQ">IBIT</a>) would have grown to approximately $1.34 million, reflecting a 15.78% return. This means Miller Value Partners would have gained $1.13 million more by choosing the Bitcoin ETF over MicroStrategy, according to Benzinga&#8217;s calculations.
The investment decision comes against the backdrop of strong cryptocurrency market performance, with Bitcoin surging 13.34% from $90,107 to $102,134 during the same period. 
All major Bitcoin ETFs, including offerings from Fidelity Wise Origin Bitcoin Fund (BATS:<a class="ticker" href="https://www.benzinga.com/stock/FBTC#BATS">FBTC</a>), Grayscale Bitcoin Trust ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GBTC#NYSE">GBTC</a>), ARK 21Shares Bitcoin ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/ARKB#BATS">ARKB</a>), and Bitwise Bitcoin ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BITB#NYSE">BITB</a>), have outperformed MicroStrategy, posting gains between 14-16%.
See Also: <a href="https://www.benzinga.com/markets/equities/25/01/43293842/bill-ackman-questions-whether-deepseek-ais-hedge-fund-affiliate-profited-from-nvidias-sell-off-a-fortune-could-have-been-made">Bill Ackman Questions Whether DeepSeek AI&#8217;s Hedge Fund Affiliate Profited From Nvidia&#8217;s Sell-Off: &#8216;A Fortune Could Have Been Made&#8217;</a>
Why It Matters: The move follows a family legacy of Bitcoin investment. Bill Miller III, the founder&#8217;s father and renowned investor, made headlines for his early Bitcoin adoption in 2012, purchasing the cryptocurrency at around $700. 
The elder Miller, known for beating the S&amp;P 500 Index for 15 consecutive years at Legg Mason Value Trust, has been a vocal advocate for Bitcoin as a <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40543953/despite-market-jitters-investor-bill-miller-stands-firm-on-bitcoin-an-insurance-policy-aga">hedge against financial instability</a>.
&#8220;Bitcoin is an insurance policy against financial catastrophe, against inflation,&#8221; the senior Miller said in August, recommending investors allocate 1% of their liquid assets to the cryptocurrency.
Miller Value Partners currently manages approximately $290 million in assets through its Miller Income mutual fund and two ETFs, focusing on value investment strategies <a href="https://www.benzinga.com/markets/cryptocurrency/24/08/40543953/despite-market-jitters-investor-bill-miller-stands-firm-on-bitcoin-an-insurance-policy-aga">across various asset classes</a>.
Read Next: 
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<li><a href="https://www.benzinga.com/25/01/43293336/bitcoin-ethereum-dogecoin-dip-amid-stocks-rebound-top-trader-anticipates-btcs-fall-to-99000-but-a-dovish-fed-could-spark-a-recovery">Bitcoin, Ethereum, Dogecoin Dip As Stocks Rebound: Top Trader Anticipates BTC&#8217;s Fall To $99,000 But A &#8216;Dovish&#8217; Fed Could Spark Recovery</a></li>
</ul>
Image Via Shutterstock 
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ARK 21Shares Bitcoin ETF ARK 21Shares Bitcoin ETF

ARKB

Bitwise Bitcoin ETF Common Shares of Beneficial Interest

BITB

Fidelity Wise Origin Bitcoin Fund Fidelity Wise Origin Bitcoin Fund

FBTC

GBTC

IBIT

Bill Miller Snapped Up 50K MicroStrategy Shares In Q3 — Was It A Smarter Play Than Bitcoin ETFs?

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>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$125.00</td>
<td>$40.0K</td>
<td>53.7K</td>
<td>158.0K</td>
</tr>
<tr>
<td>AMD</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$115.00</td>
<td>$30.9K</td>
<td>3.1K</td>
<td>13.5K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$240.00</td>
<td>$91.9K</td>
<td>7.5K</td>
<td>10.2K</td>
</tr>
<tr>
<td>MSFT</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$450.00</td>
<td>$41.8K</td>
<td>11.3K</td>
<td>6.6K</td>
</tr>
<tr>
<td>AVGO</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$210.00</td>
<td>$25.5K</td>
<td>3.0K</td>
<td>5.7K</td>
</tr>
<tr>
<td>SMCI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/14/25</td>
<td>$20.00</td>
<td>$64.1K</td>
<td>692</td>
<td>5.5K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$350.00</td>
<td>$38.5K</td>
<td>2.9K</td>
<td>3.6K</td>
</tr>
<tr>
<td>SNOW</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>03/21/25</td>
<td>$200.00</td>
<td>$105.0K</td>
<td>8.7K</td>
<td>2.9K</td>
</tr>
<tr>
<td>ORCL</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$160.00</td>
<td>$25.2K</td>
<td>1.6K</td>
<td>2.6K</td>
</tr>
<tr>
<td>PLTR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$75.00</td>
<td>$32.3K</td>
<td>12.3K</td>
<td>1.8K</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 bullish sentiment. It expires in 3 day(s) on January 31, 2025. Parties traded 100 contract(s) at a $125.00 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 $40.0K, with a price of $400.0 per contract. There were 53720 open contracts at this strike prior to today, and today 158006 contract(s) were bought and sold. 
• For AMD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on January 31, 2025. This event was a transfer of 150 contract(s) at a $115.00 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 $30.9K, with a price of $206.0 per contract. There were 3136 open contracts at this strike prior to today, and today 13568 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 put option sweep that happens to be bearish, expiring in 3 day(s) on January 31, 2025. This event was a transfer of 152 contract(s) at a $240.00 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 $91.9K, with a price of $605.0 per contract. There were 7526 open contracts at this strike prior to today, and today 10242 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 bullish, expiring in 3 day(s) on January 31, 2025. This event was a transfer of 59 contract(s) at a $450.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $41.8K, with a price of $710.0 per contract. There were 11311 open contracts at this strike prior to today, and today 6615 contract(s) were bought and sold. 
• For AVGO (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), we notice a call option sweep that happens to be bullish, expiring in 24 day(s) on February 21, 2025. This event was a transfer of 31 contract(s) at a $210.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $25.5K, with a price of $825.0 per contract. There were 3085 open contracts at this strike prior to today, and today 5780 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 put option sweep with bullish sentiment. It expires in 17 day(s) on February 14, 2025. Parties traded 1000 contract(s) at a $20.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $64.1K, with a price of $64.0 per contract. There were 692 open contracts at this strike prior to today, and today 5556 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 January 31, 2025. Parties traded 50 contract(s) at a $350.00 strike. The total cost received by the writing party (or parties) was $38.5K, with a price of $770.0 per contract. There were 2969 open contracts at this strike prior to today, and today 3649 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 52 day(s) on March 21, 2025. Parties traded 100 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $105.0K, with a price of $1050.0 per contract. There were 8730 open contracts at this strike prior to today, and today 2961 contract(s) were bought and sold. 
• For ORCL (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>), we notice a call option sweep that happens to be bullish, expiring in 3 day(s) on January 31, 2025. This event was a transfer of 50 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 $25.2K, with a price of $505.0 per contract. There were 1698 open contracts at this strike prior to today, and today 2695 contract(s) were bought and sold. 
• Regarding PLTR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>), we observe a put option sweep with bullish sentiment. It expires in 24 day(s) on February 21, 2025. Parties traded 68 contract(s) at a $75.00 strike. This particular put needed to be split into 50 different trades to become filled. The total cost received by the writing party (or parties) was $32.3K, with a price of $475.0 per contract. There were 12336 open contracts at this strike prior to today, and today 1807 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 news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

ORCL

PLTR

SNOW

CNBC's &#8220;Mad Money&#8221; host Jim Cramer on Tuesday publicly endorsed Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), urging investors to include the cryptocurrency <a href="https://www.benzinga.com/24/12/42266694/could-bitcoin-soon-account-for-5-of-your-portfolio-heres-what-one-expert-says">in their portfolios</a>.
During a segment on Tuesday, Cramer stated, &#8220;If you want to own Bitcoin, (you) own Bitcoin&#8230; I own Bitcoin, you should own Bitcoin. Bitcoin is a great thing to have in your portfolio."
However, Cramer also <a href="https://x.com/CramerTracker/status/1884062272609477088">warned </a>investors against buying shares of MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), the firm that holds over 471,000 Bitcoin, with a market value of more than <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43231667/microstrategys-bitcoin-buying-spree-continues-accumulates-over-10000-btc">$48 billion at current prices. </a>
He did not provide any reasons for this specific advice. 
MicroStrategy, led by Michael Saylor, has continued its aggressive Bitcoin accumulation strategy, adding to its holdings for twelve consecutive weeks and acquiring over 10,000 coins recently <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43231667/microstrategys-bitcoin-buying-spree-continues-accumulates-over-10000-btc">at an average of $105,596.</a>
Cramer's pronouncements, however, are viewed by many with a grain of salt, due to his previous bearish calls on assets. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43270841/how-donald-trump-could-make-the-strategic-bitcoin-reserve-a-reality">How Donald Trump Could Make The Strategic Bitcoin Reserve A Reality</a>
His picks often move in the opposite direction and he is perceived by many as an inverse indicator, a phenomenon so well known that it even inspired the creation of the &#8220;<a href="https://www.benzinga.com/etfs/specialty-etfs/24/01/36793492/exclusive-inverse-cramer-etf-shuts-down-how-the-magnificent-7-stocks-factor-in-and-a-broken-c">Inverse Cramer ETF</a>&#8221; in 2022.
This ETF was designed to do the opposite of whatever Jim Cramer picked. The ETF was shut down in early 2024.
Cramer himself was notably bearish on Bitcoin as recently as January 2024, when he advised investors to exit the market, claiming that Bitcoin was likely topping out. 
Since his advice, the price of Bitcoin has surged more than 100% and continues to rise, demonstrating how often the market moves in the opposite direction of his predictions.
Bitcoin is currently trading at just under $103,000, marking a <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43266099/bitcoin-correction-to-75000-imminent-before-a-surge-to-250000-arthur-hayes-warns">1.5% increase since Monday.</a>
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</ul>
Image: Shutterstock

Jim Cramer Endorses Bitcoin As A 'Great Thing,' But Guess What He Had To Say About MicroStrategy

A wild selloff rattled tech stocks on Monday, striking at the heart of AI optimism as China&#8217;s DeepSeek startup unveiled an open-source large language model platform that outperforms OpenAI&#8217;s ChatGPT at a <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43239042/magnificent-seven-broadcom-lose-nearly-900-billion-in-value-as-deepseek-sparks-ai-carnage-why-this-expert-is-still-bullish-on-us-tech">fraction of the cost. </a>
The shockwave hit U.S. markets hard, raising fears over intensifying AI competition just as companies pour heavy investments into the new technology. 
The elite Magnificent Seven stocks collectively shed about $600 billion in market value, with Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) alone erasing $450 billion, or 15% of its valuation. The AI powerhouse is on track for its worst single-day loss since March 18, 2020.
The Nasdaq 100 tumbled 3%, eyeing its steepest drop since Dec. 18, when hawkish comments from Fed Chair Jerome Powell rattled markets. The iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) plunged over 7%, also eyeing its worst session since the pandemic-driven selloff of March 2020.
Chipmakers took a beating, with Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) and Marvell Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) both crashing 17.5%, while Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>) sank 11%.
As panic spread, investors sought refuge in safe-haven Treasury assets. Treasury yields slid, with the 10-year yield falling 7 basis points to a one-month low. The U.S. 10-Year Treasury Note ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UTEN#NASDAQ">UTEN</a>) rose 0.7%. 
The tech turmoil even bled into crypto markets, dragging Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) back below $99,000. The world's largest cryptocurrency lost $110 billion in market cap within hours as risk-off sentiment took hold.
<h3 class="wp-block-heading">Monday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>44,523.61</td>
<td>0.2%</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,284.39</td>
<td>-1.0%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,994.21</td>
<td>-1.8%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>21,059.65</td>
<td>-3.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:50 p.m. ET</figcaption></figure>
According to&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent012725&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 1.9% to $596.73.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.2% higher to $445.05.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) dropped 3.4% to $511.88.</li>
<li>The&nbsp;iShares Russell 2000 ETF&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) fell 1% to $226.47.</li>
<li>The&nbsp;Consumer Discretionary Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLP#NYSE">XLP</a>) outperformed, up 2.2%; the&nbsp;Technology Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLE#NYSE">XLE</a>) tumbled, down 5.3%.</li>
</ul>
<h3 class="wp-block-heading">Monday&#8217;s Stock Movers</h3>
<ul>
<li>AT&amp;T Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/T#NYSE">T</a>) soared 6.5% in reaction to stronger-than-expected earnings. </li>
<li>SoFi Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOFI#NASDAQ">SOFI</a>) plummeted 12% as a downbeat guidance darkened better-than-expected quarterly results. </li>
<li>Crypto-related stocks such as MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) fell by 7.8% and 9.6%, respectively. </li>
<li>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) rallied 3%, defying the broader tech selloff. </li>
</ul>
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<li><a href="https://www.benzinga.com/news/earnings/25/01/43240067/rtx-lockheed-martin-report-q4-earnings-tuesday-doge-concerns-nato-spending-on-watch">RTX, Lockheed Martin Report Q4 Earnings Tuesday: DOGE Concerns, NATO Spending On Watch</a></li>
</ul>
Photo: Shutterstock

Macro Economic Events

Sector ETFs

Bonds

Broad U.S. Equity ETFs

Econ #s

Economics

SPDR Dow Jones Industrial Average ETF Trust

MRVL

SOFI

iShares PHLX SOX Semiconductor Sector Index Fund

SOXX

UTEN

Tech Stocks Tumble On AI Nightmare, Nvidia Eyes Worst Day Since March 2020, Bitcoin Drops Below $100,000: What's Driving Markets Monday?

The business intelligence and Bitcoin-focused company MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) shares are trading lower on Monday.
The company disclosed plans to offer 2.5 million shares of its Series A Perpetual Strike <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b43225457/microstrategy-announces-proposed-strike-preferred-stock-offering-strk" rel="noreferrer noopener">Preferred Stock in a public offering</a>.
The company expects to use proceeds for general corporate purposes, including bitcoin acquisitions and working capital.
MicroStrategy&#8217;s perpetual strike preferred stock carries a $100 per share liquidation preference and will accrue fixed-rate cumulative dividends, set at pricing.
The company stated that declared dividends on the perpetual strike preferred stock will be payable quarterly starting March 31, 2025, in cash, Class A common stock, or a mix of both.
Holders of MicroStrategy&#8217;s perpetual strike preferred stock can convert their shares into Class A common stock under specific conditions and during designated periods.
Also, MicroStrategy may redeem all outstanding shares for cash if the total liquidation preference falls below 25% of the initial issuance or if certain tax events occur.
The redemption price will equal the liquidation preference plus any unpaid dividends, or, in the case of a tax-related redemption, the greater of the liquidation preference or the five-day average trading price before the redemption notice.
Last week, the company announced its plan to redeem its&nbsp;$1.05 billion convertible senior notes&nbsp;due 2027 and settle all conversion requests in <a target="_blank" href="https://www.benzinga.com/markets/cryptocurrency/25/01/43201211/microstrategy-to-redeem-105b-in-convertible-notes-settles-conversions-with-shares" rel="noreferrer noopener">shares of its Class A common stock</a>.
Investors can gain exposure to the stock via&nbsp;ETF Opportunities Trust T-Rex 2X Long MSTR Daily Target ETF (BATS:<a class="ticker" href="https://www.benzinga.com/stock/MSTU#BATS">MSTU</a>) and First Trust SkyBridge Crypto Industry and Digital Economy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CRPT#NYSE">CRPT</a>).
Price Action: MSTR shares are down 0.66% at $351.38 at the last check Monday.
Read Next:
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43231667/microstrategys-bitcoin-buying-spree-continues-accumulates-over-10000-btc" target="_blank" rel="noreferrer noopener">MicroStrategy&#8217;s Bitcoin Buying Spree Continues, Accumulates Over 10,000 BTC</a></li>
</ul>
Photo courtesy: Shutterstock.

MicroStrategy's Strike Preferred Stock Offering Fuels Bitcoin Acquisition Plans: Details

Business intelligence firm MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>), spearheaded by Michael Saylor, has once again demonstrated its <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43201211/microstrategy-to-redeem-105b-in-convertible-notes-settles-conversions-with-shares">unwavering faith in Bitcoin</a> (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), adding to its digital asset reserves for the twelfth consecutive week. 
The company snapped up another 10,107 Bitcoin, bringing their total cache to 471,107 BTC.
Saylor <a href="https://x.com/saylor/status/1883848242376650840">announced</a> the purchase on X, formerly known as Twitter.
What Happened: The latest acquisition was completed at an average cost of $105,596 per Bitcoin, which has changed the overall cost basis for the company's total holdings to $64,511 each.
This consistent and strategic investment reinforces MicroStrategy's long-term bet on the cryptocurrency. 
Before the formal announcement on X, Saylor engaged the crypto community by teasing the move with his regular &#8220;Don&#8217;t stop thinking about tomorrow&#8221; post.
On Jan. 21, MicroStrategy's stakeholders approved an enormous increase in the number of available shares.
They expanded the potential number of Class A shares from 330 million to 10.3 billion. 
This action could pave the way for further capital raises, possibly leading to more Bitcoin acquisitions in the future.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43203201/donald-trump-has-more-than-50-of-net-worth-in-crypto-will-establish-strategic-bitcoin-rese">Donald Trump Has &#8216;More Than 50%&#8217; Of Net Worth In Crypto, Will Establish Strategic Bitcoin Reserve, Anthony Pompliano Predicts</a>
Why It Matters: MicroStrategy's decisive embrace of Bitcoin as a key component of its treasury management has become an example for many others in the corporate world but its strategy has come under scrutiny as its Net Asset Value (NAV) premium continues to shrink.
Despite holding an impressive $45 billion in Bitcoin, MicroStrategy&#8217;s $88 billion market valuation rests on a 93% premium—an advantage that has steadily <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42870343/what-microstrategys-declining-net-asset-value-premium-really-means-for-bitcoin">declined since Nov. 20</a>.
This performance gap has intensified concerns over the company's sustainability, particularly as its software business fades into the background, leaving the firm as a <a href="https://www.benzinga.com/24/12/42377436/microstrategys-michael-saylor-risks-breaking-down-the-magic-money-creation-machine-with-his-growing-bitcoin-bet-says-expert">near-exclusive Bitcoin proxy</a>.
Experts argue the company must now prove its strategic relevance beyond simply accumulating Bitcoin, signaling a need for broader value creation <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42275232/leveraged-microstrategy-etfs-are-playing-with-fire-experts-warn">as the crypto industry evolves.</a>
Read Next: 
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43200132/peter-schiff-trumps-crypto-order-is-an-easy-way-to-pay-off-donors">Peter Schiff: Trump&#8217;s Crypto Order Is An &#8216;Easy Way To Pay Off Donors&#8217;</a></li>
</ul>
Image: Shutterstock

MicroStrategy's Bitcoin Buying Spree Continues, Accumulates Over 10,000 BTC

MicroStrategy shares are trading lower after the company announced intent for a public offering of 2.5 million Series A shares.

MicroStrategy Intends to Offer In A Public Offering 2.5M Shares Of Series A Perpetual Strike Preferred Stock

Shares of 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/topic/microstrategy">fell</a> over 5% in pre-market trade after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) prices plunged below $100,000 following a drop in U.S. index futures.
What Happened: The fall in cryptocurrencies and equities intensified as China&#8217;s DeepSeek became the number one downloaded application on Apple Inc.&#8217;s App Store over the weekend.
DeepSeek introduced an AI model that demonstrates capabilities with a significantly reduced cost. This development <a href="https://www.benzinga.com/markets/equities/25/01/43221806/nvidia-amd-broadcom-smci-tsmc-and-other-tech-giants-lead-monday-pre-market-selloff-as-nasdaq-100-futures-plummet-over-650-points-amid-reports-of-chinese-ai-startup-deepseek-overtaking-chatgpt">challenged </a>the prevailing assumption that massive GPU investments are essential for high-performing AI.
Furthermore, Bitcoin and its levered play MicroStrategy fell as CME futures opened and its FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a> projected a 99.5% probability of no change in interest rates for the upcoming Jan. 31 Federal Open Market Committee (FOMC) decision. The probability of having no change in the rates was at 65.6% for March and 44.4% for May.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true"><a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BTC</a> just started dumping as soon as the CME futures opened for the week. &#x1f440; <a href="https://t.co/tMLusVcmqI">pic.twitter.com/tMLusVcmqI</a>
&mdash; Satoshi Stacker (@StackerSatoshi) <a href="https://twitter.com/StackerSatoshi/status/1883657752905740757?ref_src=twsrc%5Etfw">January 26, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Another concern clouding the MSTR stock stemmed from a report in <a href="https://www.wsj.com/finance/currencies/microstrategy-federal-income-tax-unrealized-gains-f60b2c04">the</a> Wall Street Journal, which stated that the 2022 Inflation Reduction Act&#8217;s corporate alternative minimum tax could impose a 15% tax on the unrealized gains of a Bitcoin holdings company.
See Also: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43221615/will-michael-saylors-microstrategy-incur-tax-liabilities-on-unrealized-bitcoin-gains-x-users-call-the-claim-false-but-heres-what-you-need-to-know">Will Michael Saylor&#8217;s MicroStrategy Incur Tax Liabilities On Unrealized Bitcoin Gains? X Users Call The Claim &#8216;False,&#8217; But Here&#8217;s What You Need To Know</a>
Why It Matters: While DeepSeek&#8217;s development is causing a market-wide panic, no ease in interest rate signals liquidity constraints in the market.
Additionally, six of the total &#8216;Magnificent Seven&#8217; stocks are slated to report earnings this week, there are several factors at play in the U.S. market.
"It is still early to assess potential risk for U.S. tech companies as it remains to be seen if DeepSeek will prove to be a viable, cheaper alternative in the long term and if they can consistently innovate, take a leadership position in the sector which can be sustained," said global macroeconomic expert and market strategist, Anish Nanda to <a href="https://www.benzinga.com">Benzinga</a>.
Price Action: At the time of writing this article MSTR was down more than 5% in pre-market, while Bitcoin was also 5.1% lower at $99,259 per coin.
About 12 analysts <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">tracked by Benzinga</a> have a consensus ‘buy' rating on the stock with a price target of $449.5 per share.
The most recent analyst ratings between Benchmark, and Bernstein imply an 87.85% upside for MSTR.
<figure class="wp-block-image size-large"><a href="https://www.benzinga.com/quote/MSTR/analyst-ratings"><img loading="lazy" decoding="async" width="1024" height="382" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050947/MSTR-ANR-1024x382.png" alt="" class="wp-image-750784" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050947/MSTR-ANR-1024x382.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050947/MSTR-ANR-300x112.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050947/MSTR-ANR-768x287.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/01/27050947/MSTR-ANR.png 1056w" sizes="(max-width: 1024px) 100vw, 1024px" /></a></figure>
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/01/43221229/trumps-executive-orders-fuel-tech-weaken-energy-stocks-in-his-first-week-immigration-tariff-reforms-on-cards-but-experts-say-dont-play-politics-with-your-portfolio">Trump&#8217;s Executive Orders Fuel Tech, Weaken Energy Stocks In His First Week: Immigration, Tariff Reforms On Cards But Experts Say &#8216;Don&#8217;t Play Politics With Your Portfolio&#8217;</a></li>
</ul>
Photo courtesy: MicroStrategy

Market Summary

Michael Saylor's MicroStrategy Plummets Over 5% In Pre-Market As Chinese AI Startup DeepSeek Sends Shockwaves Through Crypto Universe: BTC Falls 5%, Dipping Below 100K

MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) reportedly may be liable for taxes on its unrealized Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) gains, despite having made no sales.
What Happened: The Inflation Reduction Act of 2022, which introduced a &#8220;corporate alternative minimum tax,&#8221; could result in the so-called Bitcoin holdings company being subject to a 15% tax rate on its unrealized gains, <a href="https://www.wsj.com/finance/currencies/microstrategy-federal-income-tax-unrealized-gains-f60b2c04">reported</a> The Wall Street Journal on Friday.
MicroStrategy, along with&nbsp;Coinbase (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>), another leading publicly listed cryptocurrency-linked firm, have pushed back against the regulation. In a joint letter from earlier this month, both companies appealed to the U.S. Treasury and the Internal Revenue Service&nbsp;to <a href="file:///C:/Users/savy1/Downloads/IRS-2024-0046-0028_attachment_1.pdf">amend</a>&nbsp;the rule to exclude&nbsp;unrealized cryptocurrency gains from the&nbsp;adjusted financial statement income, or the AFSI.
See Also:<a href="https://www.benzinga.com/24/12/42735744/pharma-bro-martin-shkreli-predicts-doom-for-michael-saylors-microstrategy-as-stock-dips-below-300-in-after-hours-trading"> </a><a href="https://www.benzinga.com/25/01/43219929/musks-doge-department-reportedly-eyeing-blockchain-technology-to-slash-federal-spendingjustin-sun-pitches-tron">Elon Musk&#8217;s DOGE Department Reportedly Eyes Blockchain To Slash Federal Spending—Justin Sun Says Tron A Good Option</a>
Interestingly, the report kicked up a storm on social media platform X, with several users placing a community note that stated, &#8220;The claim that MicroStrategy may have to pay federal income taxes on its unrealized Bitcoin gains of $18 billion is false. The U.S. tax system does not tax unrealized capital gains&#8221; that has not yet been sold or converted into cash.
<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">JUST IN: &#x1f1fa;&#x1f1f8; MicroStrategy may have to pay federal income taxes on its unrealised <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> gains of $18 billion &#8211; WSJ <a href="https://t.co/BS6ywDYaBE">pic.twitter.com/BS6ywDYaBE</a>
&mdash; Bitcoin Magazine (@BitcoinMagazine) <a href="https://twitter.com/BitcoinMagazine/status/1882782972472131627?ref_src=twsrc%5Etfw">January 24, 2025</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
<a href="http://pro.benzinga.com">Benzinga</a> has reached out to MicroStrategy to understand their position on the issue and whether they have contacted the new Donald Trump-led administration to address it. The story will be updated when they respond.
Why It Matters: The question of taxing unrealized cryptocurrency gains comes after the Financial Accounting Standards Board&#8217;s <a href="https://www.benzinga.com/24/12/42502213/new-crypto-accounting-standards-from-todaywill-it-boost-bitcoins-corporate-adoption">new accounting rules</a> for cryptocurrencies, which went into effect in December. Under the new rules, companies will be required to report the fair market value of their positions, capturing both unrealized gains and losses on a quarterly basis.
MicroStrategy has led corporate Bitcoin adoption, with its stockpile increasing to 461,000 BTC, valued at $45.74 billion, <a href="https://bitcointreasuries.net/" target="_blank" rel="noreferrer noopener">according&nbsp;</a>to BitcoinTresuries.net. The firm was sitting on unrealized Bitcoin gains of 56% as of this writing.
The firm&#8217;s co-founder and executive chairman, Michael Saylor, has been known for his proximity with the Trump administration,<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43078515/michael-saylor-meets-trumps-cabinet-at-crypto-ball-what-does-the-bitcoin-bulls-cryptic-post-indicate"> having met with the entire cabinet</a> just ahead of last week&#8217;s presidential inauguration.
Price Action: At the time of writing, Bitcoin was exchanging hands at $99,182.10, down 5.53% in the last 24 hours, according to&nbsp;<a href="https://pro.benzinga.com/dashboard" target="_blank" rel="noreferrer noopener">data from Benzinga Pro</a>.
Shares of MicroStrategy closed 5.21% lower at $353.67 during Friday&#8217;s regular trading session.
According to 12 analyst ratings, the stock&#8217;s <a href="https://www.benzinga.com/quote/MSTR/analyst-ratings">consensus price target</a> is $449.5, while Bernstein, TD Cowen, and Barclays have average price targets of $546.67.
Read Next:&nbsp;
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<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43219158/trumps-world-liberty-financial-crypto-venture-amasses-over-388-million-in-digital-assets">Trump&#8217;s World Liberty Financial Crypto Venture Amasses Over $388 Million in Digital Assets</a></li>
</ul>
Image via Shutterstock

Will Michael Saylor's MicroStrategy Incur Tax Liabilities On Unrealized Bitcoin Gains? X Users Call The Claim 'False,' But Here's What You Need To Know

MicroStrategy Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) on Friday announced its plan to redeem its <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43119637/michael-saylors-proposal-to-increase-microstratagys-share-count-approved-by-shareholders-more-bitcoin-purchases-on-the-cards">$1.05 billion convertible senior notes</a> due 2027 and settle all conversion requests in shares of its Class A common stock.
The business intelligence and Bitcoin-focused company issued a notice of redemption to the trustee of the outstanding notes, setting Feb. 24, as the redemption date.
The <a href="https://www.microstrategy.com/press/microstrategy-to-redeem-1b-of-2027-convertible-notes-settle-all-conversion-requests-in-shares_01-24-2025">redemption</a> will include the full principal amount of the notes, along with any accrued and unpaid special interest. 
Holders of the notes can opt to convert their holdings at a rate of 7.0234 shares of MicroStrategy Class A common stock per $1,000 of principal value, equivalent to a conversion price of $142.38 per share.
In cases of conversion, MicroStrategy has opted to satisfy its obligation entirely in stock, accompanied by cash for any fractional shares. 
Holders must submit their conversion requests by Feb. 20 following the procedures outlined in the indenture governing the notes.
MicroStrategy's redemption plan aligns with its broader strategy of aggressively expanding its Bitcoin holdings. 
Last week, the company purchased 11,000 BTC for $1.1 billion at an <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43104549/microstrategy-buys-11000-bitcoin-total-holdings-reach-461000-btc">average price of $101,191 per Bitcoin. </a>
This acquisition brought its total Bitcoin holdings to 461,000 BTC, acquired at an aggregate cost of $29.3 billion and an average price of $63,610 per Bitcoin.
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43198054/alpha-transform-holdings-launches-ai-powered-alpha-liquid-terminal-for-digital-asset-trading">Alpha Transform Holdings Launches AI-Powered &#8216;Alpha Liquid Terminal&#8217; For Digital Asset Trading</a>
The company has used a combination of stock sales and convertible debt offerings to finance its acquisitions, planning to raise $42 billion through these methods by 2027. 
MicroStrategy's Bitcoin-focused strategy has influenced other public companies, including Marathon Digital Holdings, Tesla, Block Inc., and Coinbase to incorporate Bitcoin into their financial strategies.
The expansion of authorized shares would enable MicroStrategy to continue supporting its Bitcoin investment strategy, reinforcing its status as one of the largest corporate holders of the cryptocurrency.
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Image: Shutterstock

MicroStrategy To Redeem $1.05B In Convertible Notes, Settles Conversions With Shares

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. 
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>BULLISH</td>
<td>01/24/25</td>
<td>$145.00</td>
<td>$26.6K</td>
<td>68.4K</td>
<td>148.2K</td>
</tr>
<tr>
<td>AAPL</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/24/25</td>
<td>$222.50</td>
<td>$27.3K</td>
<td>10.5K</td>
<td>69.5K</td>
</tr>
<tr>
<td>RGTI</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/24/25</td>
<td>$15.00</td>
<td>$77.0K</td>
<td>787</td>
<td>13.6K</td>
</tr>
<tr>
<td>MSTR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/24/25</td>
<td>$375.00</td>
<td>$31.2K</td>
<td>1.6K</td>
<td>11.8K</td>
</tr>
<tr>
<td>CLSK</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>02/28/25</td>
<td>$15.00</td>
<td>$32.6K</td>
<td>956</td>
<td>7.4K</td>
</tr>
<tr>
<td>SMCI</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$36.00</td>
<td>$36.1K</td>
<td>3.1K</td>
<td>4.5K</td>
</tr>
<tr>
<td>SOUN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/31/25</td>
<td>$17.50</td>
<td>$45.5K</td>
<td>1.1K</td>
<td>4.3K</td>
</tr>
<tr>
<td>MARA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>02/14/25</td>
<td>$20.00</td>
<td>$37.1K</td>
<td>2.3K</td>
<td>2.6K</td>
</tr>
<tr>
<td>BTDR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/31/25</td>
<td>$19.00</td>
<td>$38.2K</td>
<td>135</td>
<td>2.5K</td>
</tr>
<tr>
<td>CORZ</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>03/07/25</td>
<td>$19.50</td>
<td>$29.2K</td>
<td>5</td>
<td>2.0K</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For NVDA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>), we notice a call option sweep that happens to be bullish, is expiring today. Parties traded 700 contract(s) at a $145.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $26.6K, with a price of $38.0 per contract. There were 68436 open contracts at this strike prior to today, and today 148255 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 put option sweep that happens to be bearish, is expiring today. Parties traded 384 contract(s) at a $222.50 strike. This particular put needed to be split into 12 different trades to become filled. The total cost received by the writing party (or parties) was $27.3K, with a price of $71.0 per contract. There were 10552 open contracts at this strike prior to today, and today 69540 contract(s) were bought and sold. 
• For RGTI (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RGTI#NASDAQ">RGTI</a>), we notice a put option sweep that happens to be bullish, is expiring today. Parties traded 1400 contract(s) at a $15.00 strike. This particular put needed to be split into 14 different trades to become filled. The total cost received by the writing party (or parties) was $77.0K, with a price of $55.0 per contract. There were 787 open contracts at this strike prior to today, and today 13601 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, is expiring today. Parties traded 136 contract(s) at a $375.00 strike. The total cost received by the writing party (or parties) was $31.2K, with a price of $230.0 per contract. There were 1696 open contracts at this strike prior to today, and today 11875 contract(s) were bought and sold. 
• For CLSK (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLSK#NASDAQ">CLSK</a>), we notice a call option sweep that happens to be bearish, expiring in 35 day(s) on February 28, 2025. This event was a transfer of 501 contract(s) at a $15.00 strike. This particular call needed to be split into 11 different trades to become filled. The total cost received by the writing party (or parties) was $32.6K, with a price of $65.0 per contract. There were 956 open contracts at this strike prior to today, and today 7438 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 bearish sentiment. It expires in 7 day(s) on January 31, 2025. Parties traded 266 contract(s) at a $36.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $36.1K, with a price of $136.0 per contract. There were 3160 open contracts at this strike prior to today, and today 4516 contract(s) were bought and sold. 
• Regarding SOUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOUN#NASDAQ">SOUN</a>), we observe a call option sweep with bearish sentiment. It expires in 7 day(s) on January 31, 2025. Parties traded 523 contract(s) at a $17.50 strike. This particular call needed to be split into 30 different trades to become filled. The total cost received by the writing party (or parties) was $45.5K, with a price of $87.0 per contract. There were 1108 open contracts at this strike prior to today, and today 4356 contract(s) were bought and sold. 
• Regarding MARA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>), we observe a call option trade with bearish sentiment. It expires in 21 day(s) on February 14, 2025. Parties traded 177 contract(s) at a $20.00 strike. The total cost received by the writing party (or parties) was $37.1K, with a price of $210.0 per contract. There were 2307 open contracts at this strike prior to today, and today 2636 contract(s) were bought and sold. 
• For BTDR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTDR#NASDAQ">BTDR</a>), we notice a put option sweep that happens to be bullish, expiring in 7 day(s) on January 31, 2025. This event was a transfer of 1091 contract(s) at a $19.00 strike. This particular put needed to be split into 61 different trades to become filled. The total cost received by the writing party (or parties) was $38.2K, with a price of $35.0 per contract. There were 135 open contracts at this strike prior to today, and today 2573 contract(s) were bought and sold. 
• For CORZ (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CORZ#NASDAQ">CORZ</a>), we notice a call option sweep that happens to be bullish, expiring in 42 day(s) on March 7, 2025. This event was a transfer of 523 contract(s) at a $19.50 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $29.2K, with a price of $55.0 per contract. There were 5 open contracts at this strike prior to today, and today 2056 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 news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

BTDR

Core Scientific, Inc. - Class A Common Stock

CORZ

RGTI

SOUN

Semler Scientific Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMLR#NASDAQ">SMLR</a>),<a href="https://www.benzinga.com/markets/cryptocurrency/25/01/42974303/a-better-way-to-play-bitcoin"> a medical technology company</a>, has announced a significant move into the cryptocurrency space with its latest convertible notes offering and plans to acquire Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>). 
What Happened: On Jan. 24, Semler Scientific priced an upsized offering of $85 million in 4.25% convertible senior notes due 2030, according to the company&#8217;s <a href="https://ir.semlerscientific.com/news-releases/news-release-details/semler-scientificr-announces-pricing-upsized-offering-850">press release</a>. 
The offering, initially set at $75 million, was increased due to strong investor interest. 
The notes will be convertible into Semler&#8217;s common stock at an initial conversion price of approximately $76.44 per share, representing a 25% premium over the stock&#8217;s last reported sale price.
Notably, Semler Scientific intends to use a portion of the net proceeds &#8220;for general corporate purposes, including the acquisition of bitcoin,&#8221; marking a significant shift in the company&#8217;s treasury management strategy. 
This move aligns Semler with other publicly traded companies that have adopted Bitcoin as a treasury asset, such as MicroStrategy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>).
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Why It Matters: The company&#8217;s decision to invest in Bitcoin comes amid a broader trend of corporate Bitcoin adoption. 
Bitcoin miners, such as Marathon Digital Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) are increasingly adopting &#8220;BTC Yield&#8221; strategies, inspired by MicroStrategy&#8217;s aggressive Bitcoin accumulation approach.
In Asia, Metaplanet Inc. has also been making waves with <a href="https://www.benzinga.com/markets/cryptocurrency/24/10/41585530/asias-microstrategy-metaplanet-buys-another-10-4m-in-bitcoin-exceeds-1-000-btc-holdings">its Bitcoin investment strategy</a>. The Tokyo-listed company recently purchased an additional $10.4 million worth of Bitcoin, bringing its total holdings to over 1,018 BTC, valued at approximately $67.1 million. 
Metaplanet&#8217;s approach mirrors that of MicroStrategy, positioning itself as &#8220;Asia&#8217;s answer to MicroStrategy.&#8221;
MicroStrategy itself has thus far <a href="https://www.benzinga.com/markets/cryptocurrency/25/01/43104549/microstrategy-buys-11000-bitcoin-total-holdings-reach-461000-btc">amassed 461,000 Bitcoin</a>.
Semler Scientific last made headlines in December 2024 by expanding its Bitcoin holdings <a href="https://www.benzinga.com/markets/cryptocurrency/24/12/42362590/semler-scientific-expands-bitcoin-holdings-to-over-180-million-with-latest-purchase">to over $180 million.</a>
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Image: Shutterstock

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