The world’s largest cryptocurrency, Bitcoin (BTCUSD), is down 31% over the past year amidst the crypto winter. Despite this, Michael Saylor’s company, Strategy (MSTR), remains bullish on Bitcoin, recently purchasing $90 million worth of BTC. Strategy now holds 714,644 BTC, bought at an average price of $76,000 per coin. While MSTR stock is down 61% over the past year, analysts give it a “Strong Buy” consensus rating with a mean target price of $401.86, indicating potential upside of 221%. Despite wider losses in Q4, Strategy’s strategic Bitcoin accumulation and USD reserve management signal financial sustainability.

Read more at Barchart: Strategy Keeps Buying Bitcoin as Crypto, MSTR Stock Prices Plunge. How Should You Play It Here?