1 Crypto Stock That Could Go Parabolic
Over the past five years, shares of Strategy (NASDAQ: MSTR) are up by a whopping 3,000%. It continues to be one of the hottest stocks on the market, with a gain of 80% over the past 12 months. And year to date, it's up by a robust 15%, despite the broader market's slide.
And the best may be yet to become. That's because Strategy -- until recently known as MicroStrategy -- remains resolute in pursuing its Bitcoin (CRYPTO: BTC) buying mission. If the price of Bitcoin goes parabolic, as many expect it to do, then the stock could go parabolic as well.
Right now, Strategy holds 506,187 Bitcoins on its balance sheet, worth a total of about $45 billion at current market prices. That makes it the largest corporate holder of the crypto in the world, with just over 2.5% of the total circulating supply. For comparison, the U.S. federal government holds 200,000 Bitcoins.
Source Fool.com
Microstrateg.a New Aktie
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