MicroStrategy Inc. (MSTR) stock dipped to its lowest levels this month after falling over 4% in midday trade on Monday. This was after its weekly Bitcoin buy shrunk further for the week of Dec. 23 to Dec. 30.

Bitcoin’s price also continues to remain under pressure, trading at around $94,500 at the last check.

According to a securities filing, MicroStrategy acquired 2,135 BTC between Dec. 23 and Dec. 30 at an average price of $97,837 per token. This brings its total treasury balance to 446,400 Bitcoin, valued at approximately $42.1 billion. 

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Anan Ashraf·4h ago

This is the company’s eighth straight week of purchasing more Bitcoin after it announced its “21/21 Plan” in November. The plan is to raise $42 billion over three years—$21 billion through equity and $21 billion through fixed-income securities—to expand its Bitcoin holdings. 

However, this latest purchase is the smallest bundle of tokens the company has acquired in these eight weeks. 

The Michael Saylor-owned enterprise is the largest corporate holder of Bitcoin in the world, but its Bitcoin buying strategy has raised questions among investors on Stocktwits.

Retail sentiment around the stock shifted to ‘neutral’ from ‘bearish’ a day ago, along with a marginal uptick in chatter to ‘normal’ from ‘low’ levels. 

One user wondered what the software company does, aside from buying Bitcoin. 

Edge

DonCorleone77Dec 30, 2024 1:45 PM

$MSTR Am I missing something or is the only thing they can do is keep buying bitcoin? That is their entire strategy now, correct? Sell debt and buy more bitcoin with the money. Again, am I missing something? MicroStrategy discloses purchase of 2,138 bitcoins last week In a regulatory filing, the company states: "On December 30, 2024, the Company announced that, during the period between December 23, 2024 and December 29, 2024, the Company acquired approximately 2,138 bitcoins for approximately $209 million in cash, at an average price of approximately $97,837 per bitcoin, inclusive of fees and expenses. The bitcoin purchases were made using proceeds from the issuance and sale of Shares under the Sales Agreement. As of December 29, 2024, the Company, together with its subsidiaries, held an aggregate of approximately 446,400 bitcoins, which were acquired at an aggregate purchase price of approximately $27.9 billion and an average purchase price of approximately $62,428 per bitcoin, inclusive of fees and expenses."

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Another expressed frustration at why Saylor chose to buy more Bitcoin at higher prices and in lesser quantities when the price is down.

Jaco080996Dec 30, 2024 3:29 PM

$MSTR the saylor only bought 2000 btc when btc dipping, why man why buy at high and stop buying at low Bearish

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However, others were more optimistic about MicroStrategy’s prospects. 

greedandfear101Dec 30, 2024 5:13 PM

$MSTR 6 months from now, investors will be complaining they should have bought more at these cheap levels. While the drops are brutal, I know long term these 300 will morph into 600s Bullish

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Herb4Dec 30, 2024 4:38 PM

$MSTR for those confused at Saylors bitcoin buying strategy. There is no "strategy". Hes not trading it, only accumulating. Hes averaging into it. Its so frustrating watching poor people trying to give rich people advice.

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JaredSotkenDec 30, 2024 11:55 AM

$MSTR Keep adding/buying. Stop listening to the bears who keep thinking every dip is the end of the world. Learn to buy and hold a trend. Bears will get a wake-up one of these days rekt. Bullish

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The company seems to be losing its ‘favorite’ stock status in the technology sector, with a poll on Stocktwits showing that MicroStrategy is lagging behind Nvidia, Tesla, and Palantir as the best stock to bet on in 2025. 

Despite MicroStrategy’s third straight session of losses, the stock is still up 362% year-to-date.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Read also: Bitcoin’s Drop To $93K Drags BTC Mining Stocks: Retail Sentiment Remains Frosty

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Shares of CBAK Energy Technology Inc (CBAT) continued their uptrend on Monday after the company’s subsidiary, Nanjing CBAK New Energy Technology Co., signed procurement agreements with suppliers and completed prepayment for production equipment and utilities for the first two production lines at its Phase II project in Nanjing.

While the company’s Phase I project is currently operating at full capacity, it has decided to fast-track the progress of Phase II In response to urgent client requirements. Following the disclosure, shares of CBAK Energy rallied by nearly 6% on Monday afternoon.

CBAK Energy is a China-based firm that develops, manufactures, and sells new energy high-power lithium batteries and raw materials for them.

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CBAK said the first two production lines at Phase II are scheduled to enter trial production by May 2025, and full-scale mass production is expected to begin by late 2025.

CEO Zhiguang Hu said the addition of the two production lines will significantly enhance the firm’s capacity to meet clients' surging demand.

"The flexibility of one of the lines to produce the Model 40135 battery cells opens up exciting new opportunities in the energy storage sector. We will continue to keep our investors informed as we reach key milestones in this transformative project,” Hu said.

Meanwhile, retail chatter on Stocktwits reflected a positive take on the stock.  

ttran4Dec 30, 2024 4:06 PM

$CBAT Holding strong for at least $5 Bullish

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fwankDec 30, 2024 2:54 PM

$CBAT limit sell is set at $12 Bullish

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PiecepieceDec 30, 2024 2:30 PM

$CBAT long term investment Bullish

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Last week, Nanjing CBAK New Energy Technology won significant orders from Chinese intelligent hardware brand firm Anker Innovations Technology Co. The company said the total value of the orders stood at approximately between RMB 200 million and RMB 250 million, or around $30 million to $35 million.

Despite the recent rally, shares of CBAK Energy have gained just over 7% year-to-date.

Also See: Airline Stocks Draw Attention After Raymond James Announces Slew Of Price Target Hikes: Retail Turns Bullish

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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Natural gas futures maturing in February 2025 rose as high as 20% on Monday after the weather outlook for January estimated colder-than-average temperatures, boosting demand for the commodity used for power generation.

An updated outlook released Sunday by The Weather Company and Atmospheric G2 said January's temperature forecast has trended colder in the East.

“For the month as a whole, most of the East is expected to have temperatures colder-than-average, from Florida to Maine and parts of the Great Lakes,” it said.

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“Specifically, temperatures in the first half of January will likely be much farther below average compared to what the forecast for the month as a whole shows in the eastern half of the country,” the outlook stated.

The report also suggested that the cold pattern in the East might hit a peak around mid-month. However, the forecasters expressed uncertainty about how temperatures might evolve in the second half of January.

“Unlike December, when we were more confident in a warm back half of the month, we are less confident in that occurring in January, given the peak of the cold likely won’t crest until mid-month,” said Todd Crawford, Vice President of Meteorology at Atmospheric G2.

Meanwhile, John Kilduff of Again Capital told CNBC that there could be disruptions in natural gas production flows.

“We are talking [about] bone-chilling, polar-vortex weather, which has caused this spike in natural gas this morning,” he said.

Following the development, the United States Natural Gas Fund, LP (UNG), an exchange-traded security that is designed to track the daily price movements of natural gas, surged over 17% on Monday.

Retail sentiment for UNG on Stocktwits jumped into the ‘extremely bullish’ territory (83/100) from ‘neutral’ a day ago, hitting a one-year high. The move was accompanied by ‘extremely high’ retail chatter.

Retail chatter on Stocktwits indicated positive takes on the asset’s potential.

xOptionsTraderDec 30, 2024 2:51 PM

$UNG this is probably headed to 30s this week Bullish

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EmilioRDec 30, 2024 3:44 PM

$UNG 21$ zoom Bullish

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Despite the surge on Monday, the United States Natural Gas Fund is still down over 11% on a year-to-date basis.

Also See: Airline Stocks Draw Attention After Raymond James Announces Slew Of Price Target Hikes: Retail Turns Bullish

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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U.S.-listed shares of Hesai Group (HSAI) surged over 9% in midday trading Monday, reaching an 18-month high of $15.49. 

The rally came after the lidar technology company announced it was the first in the industry to deliver more than 100,000 lidar units in a single month. 

The stock last traded at these levels in April 2023, shortly after its public listing.

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The company also reported delivering over 20,000 lidar units to the robotics market in December, marking a record for that segment.

Hesai Group is known for providing lidar products used in advanced driver assistance systems (ADAS) and autonomous vehicles. Its clients include Lotus, Nio Motors, Baidu, and Apollo. 

It also disclosed that in 2025, its planned annual capacity will exceed two million units, supported by the company's mass production capabilities and research and development innovation.

Retail sentiment around the stock surged to ‘extremely bullish’ from ‘bullish’ a week ago, with chatter jumping to ‘high’ from ‘normal’ levels. 

The stock’s recent momentum builds on a rebound that began in late November following the release of the company's third-quarter earnings. 

Revenue for the quarter was $76.9 million, a 21.1% year-over-year increase. Total lidar shipments jumped 182% quarter-over-quarter, with ADAS-specific shipments rising 220% to 129,913 units in Q3.

More notably, Hesai Group forecasted achieving full-year profitability in 2024, positioning itself as the first automotive lidar company globally to reach this milestone. 

The stock has jumped 196% since the forecast, clocking in gains of 76% year-to-date. 

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Read also: Bitcoin’s Drop To $93K Drags BTC Mining Stocks: Retail Sentiment Remains Frosty

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Shares of airlines drew retail attention on Monday after Raymond James announced a series of price target hikes for the sector's companies.

Airline shares had an upbeat year, with most stocks in the sector beating the benchmark U.S. indices by a wide margin.

While the S&P 500 and the Nasdaq Composite gained over 24% and 31%, respectively, year-to-date, stocks like United Airlines Holdings Inc. (138%), SkyWest Inc. (95%), Alaska Air Group Inc. (69%), and Delta Air Lines Inc. (49%) posted gains that significantly outperformed these benchmark indices.

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Other airline stocks, such as American Airlines Group Inc. (30%) and Southwest Airlines Co. (18%), posted reasonable gains during the period.

According to TheFly, Raymond James issued reasonable price target hikes for some of these aviation stocks on Monday. The brokerage indicated that the hikes reflect a modest rise in applied multiples and the shift to a 2025 base period.

1. United Airlines: Raymond James raised its price target on the stock to $120 from $90 while keeping an ‘Outperform’ rating on the shares as part of its fourth-quarter earnings preview for the airlines.

Retail sentiment on Stocktwits flipped into the ‘bullish’ territory from ‘bearish’ a day ago.

2. Southwest Airlines: The brokerage raised its price target on Southwest to $40 from $36 while keeping an ‘Outperform’ rating on the shares.

Retail investors were equally enthusiastic about Southwest with the sentiment trending in the ‘bullish’ territory.

3. American Airlines: Raymond James upgraded American Airlines to ‘Outperform' from ‘Market Perform’ with a $24 price target.

The brokerage sees an attractive risk/reward on the shares into Q4 earnings due to its above-consensus forecasts, which reflects an improved revenue outlook following the firm's early-December update.

4. SkyWest Inc: The brokerage raised its price target to $120 from $114 while keeping an ‘Outperform’ rating on the shares.

SkyWest saw retail sentiment jump into the ‘extremely bullish’ territory (87/100) from ‘neutral’ a day ago. The move was accompanied by 'extremely high' retail chatter.

5. Allegiant Travel Company: Allegiant Travel stock’s price target was raised to $110 from $75 with an ‘Outperform’ rating.

Also See: Nano Nuclear Stock Slides After Fiscal 2024 Losses Widen: Retail Turns Contrarian On 2025 Outlook

For updates and corrections, email newsroom[at]stocktwits[dot]com.

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Shares of education platform Genius Group were in the spotlight on Monday morning after the company announced that it had acquired an additional 105 Bitcoin for $10 million, bringing its total Bitcoin holdings to 319 tokens.

After dropping over 2% in early morning trade, the stock was up over 4% at last check.

The company reiterated its "Bitcoin-first" strategy, which was unveiled in November. Genius Group plans to allocate 90% or more of its reserves to Bitcoin, with an initial goal of accumulating $120 million worth of the cryptocurrency. 

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In the six weeks since announcing the strategy, the company has spent $30 million to acquire 319.4 Bitcoin at an average price of $93,919 per token. The purchase represents 25% of the company’s initial Bitcoin target, exceeding its internal timeline.

The move mirrors the treasury strategy employed by Michael Saylor-owned MicroStrategy, which has been announcing its Bitcoin purchases every Monday. 

Genius Group's CEO has framed the shift as a long-term commitment to the digital asset, emphasizing its role in safeguarding company reserves amid a volatile economic climate.

On Stocktwits, retail sentiment around Genius Group improved to ‘bullish’ from ‘neutral’ as chatter also increased to ‘normal’ levels from ‘level’ a day ago. 

Users debated whether or not the current levels of dilutions are sustainable.

sunkissed1Dec 30, 2024 2:29 PM

$GNS market cap 14 million BTC treasury alone 30 million. Bullish

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Mysticx24Dec 30, 2024 1:56 PM

$GNS I'll say again when we have 1k bitty coins and bitty sitting over 150k the dilution won't even be noticed. Plus Roger will buy back shares with settlement and more bit coin! Bullish

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Others celebrated that the company now has Bitcoin worth $30 million in its coffers. 

warrants_MoonDec 30, 2024 12:17 PM

$GNS party is just getting started Bullish

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22SharesDec 30, 2024 1:04 PM

$GNS 💥 💥 💥 Wholly Chit! We're all going to be $Millionaires$$ 💥 💥 💥 Bullish

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According to the company, the next step is to focus on maximizing its BTC Yield – a Bitcoin Treasury key performance indicator (KPI), initiated by Saylor for Microstrategy.

“Now, with a focus on BTC Yield KPI, we are considering various investment and finance options that maximize shareholder value whilst accelerating our progress in building our Bitcoin Treasury,” said CEO Roger Hamilton.

Since November, the company has achieved a BTC Yield of 1,646% so far. 

However, the stock has dipped nearly 90% this year, trading near its 52-week low of $0.51 and far from its 52-week high of $7.08.

For updates and corrections, email newsroom[at]stocktwits[dot]com.

Read also: Bitcoin’s Drop To $93K Drags BTC Mining Stocks: Retail Sentiment Remains Frosty

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