Analysts revise MicroStrategy (MSTR) stock price target
MicroStrategy (NASDAQ: MSTR), a business intelligence firm turned Bitcoin (BTC) powerhouse, has once again grabbed headlines with its largest-ever Bitcoin acquisition to date.
The company revealed in a filing on November 25 that it had purchased 55,000 Bitcoin between November 18 and 24 for $5.4 billion.
This latest acquisition brings its total Bitcoin holdings to an eye-popping 386,700 BTC. Acquired at an average price of $56,761 per coin, the firm’s total Bitcoin investments now amount to $21.9 billion.
Known as a proxy for Bitcoin, MicroStrategy’s bold strategy of leveraging equity and debt offerings to fund its acquisitions has impressed analysts, leading to significant upward revisions of its stock price…
