2024 was nothing short of impressive for MicroStrategy (NASDAQ: MSTR) as the largest institutional holder of Bitcoin (BTC) continued with its aggressive acquisition strategy of maiden crypto, as its subsequent rise in value by 51% in the first six months, more than doubled MSTR stock value.
Namely, as of June 14, MSTR stock has grown by 116.58% since January 1, as it continued to hoard Bitcoin and increase its holdings on every possible occasion.
Correlation between Bitcoin and MSTR’s stock price rise. Source: Google Finance
MicroStrategy will continue to buy Bitcoin
The next purchase is close, as MicroStrategy announced on June 13 that it plans to raise $500 million in debt to purchase more Bitcoin and other corporate purposes. The debt offering will consist of convertible senior notes due in 2032 and will be available to qualified institutional buyers (QIBs).
Initial investors will have a 13-day option to acquire up to $75 million in notes. These unsecured senior not
We współpracy z: https://finbold.com/analysts-update-microstrategy-stock-price-target/
