MicroStrategy CEO's $592,345 Bitcoin bet could unlock $534 stock price target
Key Points
- MicroStrategy has transformed into a massive Bitcoin wallet,...
Michael Saylor has turned MicroStrategy into the world's most expensive Bitcoin wallet, and now Wall Street is paying attention. The software company holds 592,345 Bitcoin worth roughly $63 billion, making it less of a tech stock and more of a crypto proxy with spreadsheet software on the side.
The S&P 500 Golden Ticket Game
Here's where things get interesting: MicroStrategy has a 91% chance of joining the S&P 500, but there's a catch. Bitcoin needs to stay above $95,240 through quarter-end, or this whole party gets called off. With BTC currently trading around $106,200, you'd think they...
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