Reported 2 days ago
Market analyst Jeff Walton suggests that MicroStrategy, recently rebranded as Strategy, may soon qualify for the S&P 500 based on predicted strong earnings in Q2. With a reported $5.8 billion gain in Bitcoin holdings and a record stock offering boosting reserves, the company is in a solid position despite prior losses. Walton's forecast indicates potential market reactions that could further amplify the company's stock value and Bitcoin prices, emphasizing the importance of positioning for these developments.
Source: YAHOO