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MicroStrategy Stock Has 50% Upside, Analysts Say. It’s the Bitcoin Effect.
MicroStrategy's SWOT analysis: bitcoin bet drives stock's potential
MicroStrategy Incorporated (NASDAQ:MSTR), once known primarily for its business intelligence software, has transformed itself into a unique player in the cryptocurrency space. With a market capitalization of over $85 billion and an impressive 557% return over the past year according to InvestingPro data,
Is MicroStrategy Stock a Buy?
The money raised to buy Bitcoin isn't free, either. MicroStrategy now has $4.2 billion in debt on its balance sheet, and its shares outstanding have increased significantly since it began its crypto strategy, up nearly 40% over the last year to 197 million shares.
Saylor's bull case gives Bitcoin a $49 million price target in 2045, putting its market cap at an astronomical $1 quadrillion. Even the bear case is very optimistic, with Bitcoin's price rising at an average annual pace of 18.4% and hitting $3 million in 20 years.
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Miller Value Partners, led by Bill Miller IV, acquired 50,250 shares of MicroStrategy Inc. (NASDAQ:MSTR) during the third quarter of 2024, a move that has yielded lower returns compared to Bitcoin (CR
MicroStrategy announced Monday that it had bought even more Bitcoin and revealed it would sell stock to raise capital and fund future purchases of the cryptocurrency. MicroStrategy’s latest purchase brings its total holdings to more than 470,
MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency. Most Read from BloombergWhat Happened to Hanging Out on the Street?
Bitcoin is down Monday, but MicroStrategy keeps buying, revealing its 12th straight weekly BTC purchase as its stash nears $50 billion.
MicroStrategy announced the acquisition of 10,107 BTC for $1.1 billion raising its total Bitcoin holdings to 471,107 Bitcoins.
Bitcoin bonds” offer insurers a less risky way to purchase cryptocurrency.
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MicroStrategy co-founder Michael Saylor has hinted at another Bitcoin purchase scheduled for Jan. 27, following the company’s recent acquisition of 11,000 BTC on Jan. 21.
The first Bitcoin-related convertible security readily available to individual investors should begin trading on Friday.
MicroStrategy continues its ambitious Bitcoin acquisition strategy with a $1.1 billion purchase of 10,107 BTC, bringing its total holdings to 471,107 BTC, while implementing new financing mechanisms to support future cryptocurrency investments.
MicroStrategy Incorporated (NASDAQ:MSTR) has been rated Buy by Compass Point Research, citing the stock as a leveraged opportunity tied to Bitcoins upward potential. Compass Point initiated coverage with a $550
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