Is MicroStrategy a Buy?
(NASDAQ: MSTR) began acquiring Bitcoin (CRYPTO: BTC) four years ago, and since then, its stock has outperformed every company in the S 500 except Nvidia with an impressive 863% return. The company's Bitcoin holdings have grown to 226,500 coins, currently valued at $13.1 billion, leading to a recent 10-for-1 stock split.
Now that the dust has settled on the stock split, let's explore how and why MicroStrategy is hoarding Bitcoin and its future prospects to see whether MicroStrategy stock is a buy, sell, or hold.
Until 2020, MicroStrategy focused primarily on its core business as a business-to-business enterprise software provider. However, facing slow revenue growth and excess cash, Michael Saylor, former CEO and now the executive chairman, decided to invest $250 million of the company's cash in Bitcoin, making MicroStrategy the first publicly traded company to do so.
Source Fool.com
Microstrateg.a New Stock
The stock is one of the favorites of our community with 56 Buy predictions and 2 Sell predictions.
Based on the current price of 84.62 € the target price of 270 € shows a potential of 219.07% for Microstrateg.a New which would more than double the current price.
