MicroStrategy plans to continue investing in Bitcoin, positioning itself as a leveraged play on growth.

From Nasdaq, August 17, 2024 1:31:00 pm:

MicroStrategy (NASDAQ: MSTR) saw its shares double in 2024 and triple over the past year. The company has become a major player in the Bitcoin market, owning 226,500 Bitcoin worth $13.4 billion. MicroStrategy plans to continue investing in Bitcoin using cash flows, debt, and stock sales.

MicroStrategy is positioning itself as a leveraged play on Bitcoin’s growth trend, aiming to outperform traditional ETFs. CEO Michael Saylor described the company as more flexible and ambitious than spot Bitcoin ETFs, looking to increase its cryptocurrency holdings by adding more capital.

Investors considering MicroStrategy should note that the company is heavily invested in Bitcoin. While it’s risky, the potential long-term gains could be significant if Bitcoin continues to rise. The company’s strategy is based on accumulating Bitcoin holdings faster than issuing shares, presenting a unique opportunity for those who believe in Bitcoin’s future.

Read more at Nasdaq, Inc.: Think It’s Too Late to Buy MicroStrategy? Here’s the Biggest Reason Why There’s Still Time.