Positive

From Nasdaq: 2024-06-18 08:33:00

Bitcoin has surged 60% this year, making it a hot investment. MicroStrategy (NASDAQ: MSTR) has outperformed Bitcoin, with its stock up over 130% in 2024 largely due to its focus on acquiring Bitcoin. The company is raising $500 million to buy more Bitcoin, despite not being profitable and facing limited growth in its core business.

MicroStrategy trades at high valuations, not just on earnings but also on revenue and book value. The company’s primary focus on Bitcoin may attract crypto enthusiasts looking for exposure. However, its future returns will heavily depend on Bitcoin’s performance, making it a risky investment. Consider other options for long-term growth and diversification.

Read more at Nasdaq.: This Crypto Stock Has More Than Doubled Bitcoin’s Gains This Year