Could Investing $40,000 in MicroStrategy Make You a Millionaire?
Data analytics veteran MicroStrategy (NASDAQ: MSTR) has been crushing the market in recent years. In the summer of 2020, the company converted nearly all of its cash reserves into Bitcoin (CRYPTO: BTC) and is continuing to build on that cryptocurrency investment. These days, MicroStrategy looks more like a Bitcoin-focused bank than a software company.
The Bitcoin strategy has served MicroStrategy investors well so far. If you invested $40,000 in this stock five years ago, you'd have $1.08 million in the bank by now. This skyrocketing return left the S&P 500 (SNPINDEX: ^GSPC) market index far behind and outperformed Bitcoin by a large margin:
Source Fool.com
Microstrateg.a New Stock
€356.40
-4.480%
With 41 Buy predictions and 1 Sell predictions Microstrateg.a New is one of the favorites of our community.
With a target price of 520 € there is a positive potential of 45.9% for Microstrateg.a New compared to the current price of 356.4 €.
