BTC - Will MicroStrategy Be a Trillion-Dollar Stock by 2030?
2024-06-25 09:37:00 ET
MicroStrategy (NASDAQ: MSTR) went through a dramatic transformation over the past four years. Up until 2020, it was a slow-growth analytics software maker that seemed to be losing ground to its nimbler cloud-based competitors. But that year, its co-founder and then-CEO Michael Saylor directed the company to make its first $250 million purchase of Bitcoin (CRYPTO: BTC) . By the end of April 2024, its Bitcoin holdings had swelled to $7.54 billion, which equals roughly a quarter of MicroStrategy's enterprise value of $30 billion.
MicroStrategy's massive Bitcoin holdings overshadowed the sluggish growth of its software business, but can it keep growing and become a trillion-dollar stock by 2030?
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Will MicroStrategy Be a Trillion-Dollar Stock by 2030?