From NasdaqOMX:

Shares of MicroStrategy (NASDAQ: MSTR) have been closely tied to the price moves of Bitcoin. The company took on $2.1 billion of debt and increased shares by 83% to invest heavily in Bitcoin. MicroStrategy’s business operations generated $0.8 million in operating profits, while the software business takes a backseat to its Bitcoin strategy. The company is now seen as an alternative way to invest in Bitcoin, with CEO Michael Saylor maintaining that Bitcoin is the only financial asset worth holding in the long run, and that its high-profile Bitcoin investment also serves as a marketing move for the company. The stock looks like a “hold” right now, depending on how investors feel about Bitcoin’s long-term prospects.



Read more: MicroStrategy Stock: Buy, Sell, or Hold?