Bitcoin (BTCUSD) surges above $95,000, hitting $97,000 amid renewed risk appetite in the market. MicroStrategy (MSTR) pours money into Bitcoin, with CEO predicting $1 million price by 2029. Strategy’s stock down 52.67% in 52 weeks but up 10.4% in the past 5 days as Bitcoin rallies. Q3 results show 10.9% revenue growth, $3.89 billion profit, and $1.44 billion USD reserve. Analysts have mixed views, with price targets ranging from $229 to $705. Majority rate stock as “Strong Buy” with potential 172.8% upside. Strategy faces volatility tied to Bitcoin but analysts expect significant gains.
Read more at Barchart: As Bitcoin Retakes $95,000, Should You Buy, Sell, or Hold MicroStrategy Stock?
