Summary:
- MicroStrategy (MSTR, Financial) expands its bitcoin holdings significantly, adding 4,980 tokens.
- The company's bitcoin value skyrockets to approximately $65 billion.
- Analysts predict an average price target for MSTR at $480.00, suggesting potential upside.
MicroStrategy (MSTR) has made a notable move in the cryptocurrency market by substantially increasing its bitcoin (BTC-USD) assets. The company recently acquired 4,980 bitcoins, investing a substantial total of $531.9 million in late June. This strategic acquisition elevates MicroStrategy's total bitcoin holdings to an impressive 597,235 bitcoins, with an average purchase price of $70,982 per token. As a result, the total value of MSTR's bitcoin assets currently stands at approximately $65 billion.
Wall Street Analysts Forecast
According to 13 Wall Street analysts, the one-year price target for MicroStrategy (MSTR, Financial) is projected to average at $480.00. This target range includes a high estimate of $600.00 and a low estimate of $175.00. The average target suggests a potential upside of 24.12% from the current trading price of $386.74. For more in-depth analysis and insights, investors can visit the Strategy (MSTR) Forecast page.
The consensus among 12 brokerage firms places MicroStrategy's (MSTR, Financial) average recommendation at 2.0, which signifies an "Outperform" status. This recommendation is based on a scale of 1 to 5, where 1 indicates a Strong Buy and 5 implies a Sell.
In terms of GuruFocus estimates, the GF Value for MicroStrategy (MSTR, Financial) in one year is calculated to be $24.16. This figure points to a potential downside of 93.75% from the current price of $386.7366. The GF Value represents GuruFocus' assessment of the fair market value at which the stock should ideally trade. This valuation is derived from historical trade multiples, past business growth, and future performance projections. To delve deeper into these statistics, the Strategy (MSTR) Summary page offers more comprehensive data.
