Is Strategy Stock Yesterday's News?
Strategy (NASDAQ: MSTR) pulled off an incredible comeback by betting big on Bitcoin. The company, which was formerly known as "MicroStrategy," pivoted to investing heavily in Bitcoin in response to soft performance for its legacy software businesses.
Led by CEO Michael Saylor, the company pioneered the Bitcoin treasury strategy. By selling stock and issuing bonds, the crypto-investment specialist was able to raise funds that it then used to buy Bitcoin. Thanks to a stellar bull run for the market-leading cryptocurrency over the last five years, Strategy has been able to deliver fantastic returns for shareholders.
Image source: Getty Images.
Source Fool.com
Microstrateg.a New Stock
€154.20
0.630%
The stock is one of the favorites of our community with 48 Buy predictions and 3 Sell predictions.
As a result the target price of 299 € shows a very positive potential of 93.9% compared to the current price of 154.2 € for Microstrateg.a New.
