MicroStrategy (MSTR) is not just dipping its toes but diving headfirst into Bitcoin, with Michael Saylor at the helm hinting at more purchases. As Bitcoin hovers around $104K, MicroStrategy boasts a jaw-dropping unrealized gain of over $19 billion, making it a titan in the Bitcoin arena. According to SaylorTracker, MicroStrategy now holds a staggering 461,000 BTC, valued at approximately $48.4 billion, surpassing even the U.S. government’s stash. This aggressive accumulation strategy comes despite the recent market pullback from an all-time high.
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Trump Stirs the Pot with Digital Asset Strategy
The market’s recent stability is tested by President Trump’s executive order, creating the President’s Working Group on Digital Asset Markets, chaired by David Sacks. Tasked with exploring a “national digital asset stockpile,” this policy shift sparked immediate reactions and a quick price drop. Bitcoin enthusiasts are wary, fearing the inclusion of various digital assets could dilute Bitcoin’s value.
Max Keiser, a prominent Bitcoin supporter, expressed concerns on X, stating, “Trump has nothing to do with Bitcoin, but he can destroy America by embracing shitcoins.” Meanwhile, Ripple’s (XRP-USD) CEO Brad Garlinghouse confirmed their involvement in lobbying for a diverse reserve that includes Bitcoin, adding layers to the strategic reserve debate.
At the time of writing, Bitcoin is sitting at $98,891.45.
Is MSTR a Good Stock to Buy?
Overall, analysts have a Strong Buy consensus rating on MSTR stock based on eight Buys assigned in the past three months, as indicated by the graphic below. In addition, after a 580% surge in its share price over the past year, the average MSTR price target of $529.57 per share implies 42.7% upside potential.
