MicroStrategy's Bold Bitcoin Bet: Risks, Rewards, and Future Outlook
Business intelligence expert (NASDAQ: MSTR) still runs a successful software business. I know, that's easy to forget in an era where founder and chairman Michael Saylor is leaning heavily into buying Bitcoin (CRYPTO: BTC) -- it makes sense to think of MicroStrategy as an alternative way to own the largest cryptocurrency.
Let's take a look at MicroStrategy's Bitcoin business. Does the software division even matter anymore?
Saylor isn't shy about the importance Bitcoin holds in MicroStrategy's operations. The recent third-quarter report started with two Bitcoin-related bullet points before moving on to traditional financial metrics such as revenue and growth trends on the software side. Searching that document, you'll find 28 mentions of "Bitcoin" and just 15 instances of "revenue" or "revenues."
Source Fool.com
Microstrateg.a New Stock
With 19 Buy predictions and not the single Sell prediction the community is currently very high on Microstrateg.a New.
With a target price of 174 € there is a hugely positive potential of 55.77% for Microstrateg.a New compared to the current price of 111.7 €.
