Michael Saylor Reveals MicroStrategy's Endgame Is To Be The 'Leading Bitcoin Bank' With $100B-$150B In BTC Holdings
Portfolio Pulse from Khyathi Dalal
Michael Saylor aims to transform MicroStrategy into a leading Bitcoin bank with $100B-$150B in BTC holdings. The company recently increased its Bitcoin holdings to 252,220 BTC, making it the largest corporate Bitcoin holder. Saylor views Bitcoin as a hedge against inflation and a tool for long-term value preservation. Bernstein analysts rate MicroStrategy as outperform with a price target of $290.
October 11, 2024 | 8:40 pm
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MicroStrategy aims to become a leading Bitcoin bank with $100B-$150B in BTC holdings. The company is the largest corporate Bitcoin holder with 252,220 BTC. Bernstein rates MSTR as outperform with a $290 price target.
MicroStrategy's strategic focus on Bitcoin and its significant holdings position it as a major player in the crypto space. The company's ambition to become a leading Bitcoin bank and the positive analyst rating from Bernstein suggest a bullish outlook for MSTR stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100