$MicroStrategy(MSTR.US)$ adds almost 9,000 Bitcoins to its holdings in third quarter.
MicroStrategy, the business-intelligence software company that holds so much bitcoin on its balance sheet, has become something of a proxy for the world's biggest cryptocurrency. The company said it added almost 9,000 bitcoins to its holdings in the the third quarter, bringing its total to 114,042.
At current prices: 114,042 BTC = $61,900 * 114,042 ≈ $7.05 billion
MicroStrategy's market cap ≈ $7.50 billion
The company's bitcoin holdings are worth just over $7 billion, while its entire market capitalization is roughly $7.5 billion...
Does that mean MicroStrategy stock is almost equivalent to Bitcoin ETF？
On Thursday, MicroStrategy CEO Michael Saylor also retweeted a previous tweet of his from Oct. 28, 2020 revealing that he personally owned 17,732 bitcoin that he purchased for an average price of just under $10,000. He added the comment that "you do not sell your #bitcoin," implying that he still owned all those coins. At current prices, they would be worth roughly $1.1 billion.
Mooers, what do you think?

Tuesday, October 26, 2021
By Mia
$Facebook(FB.US)$ $Intel(INTC.US)$ $Coinbase(COIN.US)$ $Medical Properties Trust Inc(MPW.US)$ $Devon Energy(DVN.US)$

$Shopify(SHOP.US)$ to moon and beyond !

Cathie Wood's Ark Investment Management continued its selling spree of $Tesla(TSLA.US)$ stock after the investment management firm offloaded $270 million worth of the electric vehicle maker's shares Tuesday.
Three of Wood's exchange-traded funds -  $ARK Innovation ETF(ARKK.US)$ ,  $ARK Autonomous Technology & Robotics ETF(ARKQ.US)$ , and $ARK Next Generation Internet ETF(ARKW.US)$ - cumulatively sold more than 340,000 Tesla shares Tuesday, according to its daily trading update.
Social Capital founder and CEO Chamath Palihapitiya also revealed that he sold his Tesla position for capital to invest in other investment ideas. He said he exited his bet on the Elon Musk-led electric vehicle company “in the last year or so” as the high prices allowed him to generate cash to fund his other ideas.
Are they trying to avoid some risks that we're not aware of? Or maybe we should stop over-interpreting their moves?
Source:
Cathie Wood dumps biggest chunk of Tesla stock in her recent string of sales