Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC.
MicroStrategy news
MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.
Saylor appears to be “explicitly arguing for a regulatory capture approach to protecting crypto,” which was not what it is about, said Buterin.
Benchmark analyst Mark Palmer has raised his price target for MSTR stock to $245 per share from $215.
The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife.
MicroStrategy is up over 1,500% since 2020, while the S&P 500 index rose just over 111% during the same four-year period.
Metaplanet has already doubled its Bitcoin holdings this month across four purchases totaling over 450 Bitcoin.
Samara Asset Group CEO Patrick Lowry said “it would be a dream” to stack as much Bitcoin as MicroStrategy co-founder Michael Saylor.
MicroStrategy stock trades at a premium to its Bitcoin holdings mainly due to its leveraged strategy and cash flows from its software business.