From Nasdaq, Inc.:

Bitcoin has hit a new record high, up over 60% YTD, impacting companies with substantial BTC investments. MicroStrategy has seen a 461.7% stock increase in the past year due to BTC integration. The company recently added $155.4 million worth of BTC, bringing their total holdings to 193,000 Bitcoins.

Analysts are bullish on MicroStrategy stock, with a consensus of “Strong Buy.” While some have set high price targets exceeding $1,200, the current valuation may be rich. Despite massive paper profits from BTC holdings, MicroStrategy looks to continue accumulating BTC. Investors are advised to await a potential pullback before investing.



Read more at Nasdaq, Inc.: Up 461% in the Past Year, Should You Still Buy MicroStrategy Stock? Here’s What Analysts Say