Reported 1 day ago
MicroStrategy, now known as Strategy, has seen a massive increase in stock price, primarily driven by its aggressive Bitcoin purchasing strategy, accumulating over 2% of all Bitcoin in circulation. However, despite its rebranding and commitment to Bitcoin, some analysts question the company's high valuation compared to its Bitcoin holdings, especially given losses in recent quarters. With Strategy's stock currently priced at $323, the potential to reach $500 hinges on Bitcoin's performance, leading some experts to suggest investors may be better off investing directly in Bitcoin rather than in Strategy.
Source: YAHOO