MicroStrategy (MSTR) Just Went Even Deeper into Bitcoin

MicroStrategy (MSTR) just went even deeper into Bitcoin. The company snapped up another 6,911 BTC last week

MicroStrategy (NASDAQ:MSTR) has continued its all-in Bitcoin strategy, adding another 6,911 BTC last week at an average price of $84,529, according to a recent SEC filing. The company now holds a staggering 506,137 Bitcoin, valued at over $44 billion at current prices.

The buy was funded by a recent stock sale, with Strategy selling nearly 2 million shares of common stock for net proceeds of $592.6 million. The company quickly deployed this fresh capital into more Bitcoin.

Earlier this week, Strategy priced a $711 million preferred stock offering and also announced plans to sell up to $1 billion of common stock in private placements. It has now spent roughly $33.7 billion building its BTC war chest.

As Bitcoin prices soared above $87,000 on Monday, Strategy’s stock saw a premarket rise of 4.8%. Other crypto-related names like Coinbase (NASDAQ:COIN) and Robinhood (NYSE:HOOD) also saw gains. However, global tariff worries could weigh on risk assets.

According to TipRanks, MSTR stock commands a Strong Buy consensus rating, based on 11 Buys and one Hold.

Moreover, MSTR stock has increased by more than 70% Over the past year.

The average MSTR price target of $548.91 indicates an upside potential of 69.6% from the current levels.output: MicroStrategy (NASDAQ:MSTR) has continued its all-in Bitcoin strategy, according to a recent SEC filing.

The company last week snapped up 6,911 BTC at an average price of $84,529. The buy was funded by a recent stock sale, with Strategy selling nearly 2 million shares of common stock for net proceeds of $592.6 million. Fresh capital was quickly deployed into more Bitcoin.

Earlier this week, Strategy priced a $711 million preferred stock offering and also announced plans to sell up to $1 billion of common stock in private placements. It has now spent roughly $33.7 billion building its BTC war chest.

As Bitcoin prices climbed above $87,000 on Monday, Strategy’s stock saw a 4.8% rise in premarket. Other crypto-related names like Coinbase (NASDAQ:COIN) and Robinhood (NYSE:HOOD) also saw gains. However, global tariff worries could weigh on risk assets.

Is MSTR Stock a Good Buy?

Analysts remain optimistic about MSTR stock, with a Strong Buy consensus rating based on 11 Buys and one Hold.

Moreover, MSTR stock has increased by more than 70% Over the past year.

The average MSTR price target of $548.91 implies an upside potential of 69.6% from current levels.

See more MSTR analyst ratings