MicroStrategy’s Bitcoin Strategy Could Boost Stock by 64%: Analysts

Key Points:

• MicroStrategy’s Bitcoin Strategy is projected to drive a 64% stock surge as analysts expect Bitcoin’s value to reach $1 million by 2033.
• The company’s $16 billion Bitcoin hoard positions it among the top 10 digital asset holders, leveraging Bitcoin as a long-term strategy.

MicroStrategy’s Bitcoin strategy is driving the stock up 64%, say analysts. The firm holds $16B in Bitcoin and anticipates a long-term rally.

MicroStrategy’s Bitcoin Strategy Boosts Stock Forecast

MicroStrategy has been very bold in its approach towards Bitcoin since 2020, having amassed around 252,000 BTCs, according to DL News.

This has had a significantly positive effect on its stock performance, which has surged 13x times since its adoption, driving a market cap above $35 billion. Analysts at Bernstein are of the view that the firm’s stock could surge upwards of 64% based on these Bitcoin holdings.

Read more: MicroStrategy Bitcoin Investment Continues to Boost With 7,420 BTC

Bitcoin-Driven Growth: MicroStrategy’s Bold Strategy

With a hoard of $16 billion worth of Bitcoin, the purchase of more BTC by MicroStrategy continues, as the company bets on future appreciation.

Though there is volatility, this enables the company to raise funds on extremely good terms. With the growth in Bitcoin’s value, analysts predict strong returns over time and provide forecasts for growth in this stock.