Should You Buy MicroStrategy (Now Called Strategy) While It's Below $500?
It's been a fantastic two-year run for MicroStrategy (NASDAQ: MSTR), which is up more than 1,200% during that time period. This stock market success can primarily be attributed to its unprecedented Bitcoin (CRYPTO: BTC) buying spree, which has seen the company accumulate more than 2% of all Bitcoin currently in circulation.Not unsurprisingly, MicroStrategy's stock price has shot up over the past two years as the price of Bitcoin soared.And now MicroStrategy has decided to go all-in on Bitcoin. During a quarterly earnings call with analysts at the beginning of February, MicroStrategy announced that it is rebranding as "Strategy" and integrating the iconic Bitcoin symbol as part of its brand identity.Continue reading
It's been a fantastic two-year run for MicroStrategy (NASDAQ: MSTR), which is up more than 1,200% during that time period. This stock market success can primarily be attributed to its unprecedented Bitcoin (CRYPTO: BTC) buying spree, which has seen the company accumulate more than 2% of all Bitcoin currently in circulation.
Not unsurprisingly, MicroStrategy's stock price has shot up over the past two years as the price of Bitcoin soared.
And now MicroStrategy has decided to go all-in on Bitcoin. During a quarterly earnings call with analysts at the beginning of February, MicroStrategy announced that it is rebranding as "Strategy" and integrating the iconic Bitcoin symbol as part of its brand identity.
