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Michael Saylor Says ‘You’ll Wish You’d Bought More’ Bitcoin as MicroStrategy Doubles Down
MicroStrategy (MSTR) has reinforced its commitment to Bitcoin (BTCUSD) with another massive purchase, acquiring 4,980 Bitcoin for $531.9 million between June 23 and June 29. The enterprise software entity now holds an impressive 597,325 Bitcoin worth over $64 billion, maintaining its position as the largest publicly traded corporate Bitcoin holder.
Executive Chairman Michael Saylor, who transformed MicroStrategy into a Bitcoin proxy starting in 2020, remains steadfast in his conviction about cryptocurrency. His recent post on X perfectly captured this sentiment, stating that in 21 years, investors will wish they had bought more Bitcoin.
The company’s aggressive acquisition strategy continues, regardless of market conditions, by funding purchases through the sale of common stock and preferred securities. Since pioneering the corporate Bitcoin treasury model during the pandemic, MicroStrategy has inspired other companies to adopt similar strategies.
With Saylor predicting Bitcoin could reach $13 million by 2045, MicroStrategy shows no signs of slowing its relentless pace of acquisition. MSTR stock traded 5% higher on Monday, reflecting continued investor appetite for Bitcoin.
MicroStrategy Doubles Down on Bitcoin Strategy
MicroStrategy continues to cement its position as the world’s premier Bitcoin treasury company. During its Q1 earnings call, it unveiled an ambitious $84 billion capital plan that underscores Chairman Michael Saylor’s unwavering conviction in digital assets.
As of the end of April, MicroStrategy had raised $20.9 billion in equity and $6.4 billion in fixed income since launching its original $42 billion plan in October 2024.
With 65% completion in just six months, MicroStrategy is now expanding to a $42 billion equity and $42 billion fixed income framework through 2027.
MSTR’s stock has delivered an extraordinary performance, appreciating 3,335% over the past five years, outperforming Bitcoin itself (up 1,065% in five years) and Nvidia (NVDA) (up 1,407% over the past five years).
What Is the Target Price for MSTR Stock?
Out of the 13 analysts covering MSTR stock, 11 recommend “Strong Buy,” one recommends “Moderate Buy,” and one recommends “Strong Sell.” The average target price for MSTR stock is $535, 40% above the current trading price.
On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.