1 Surprising Crypto Stock to Buy Before It Soars 100%
Right now, crypto investors are laser focused on Bitcoin (CRYPTO: BTC). That's fair enough. The recent approval of the new spot Bitcoin ETFs has made Bitcoin even more popular than it already was.
But if you expand your focus, there are several stocks that stand to benefit from any future gains in Bitcoin. The one that's on my radar right now is (NASDAQ: MSTR). That might sound strange, given that MicroStrategy is an enterprise software company. But if you look under the hood, you'll see why this stock could skyrocket 100% or more this year.
The first thing you need to know about MicroStrategy is that it holds a lot of Bitcoin on its balance sheet. And I mean a lot. After a recent buying spree at the end of 2023, MicroStrategy now holds 189,150 Bitcoins. That ranks first among all publicly traded companies, and it's not even close. At Bitcoin's current price of $42,500, those holdings are valued at approximately $8 billion.
Source Fool.com
Microstrateg.a New Stock
With 11 Buy predictions and not the single Sell prediction the community is currently very high on Microstrateg.a New.
With a target price of 1730 € there is a slightly positive potential of 7.82% for Microstrateg.a New compared to the current price of 1604.5 €.
