Strategy Stock: Buy, Sell, or Hold?
Within the crypto investment world, a famous maxim has always been: "Never sell your Bitcoin (CRYPTO: BTC)." So what happens when the largest Bitcoin treasury company in the world suddenly says it's OK to sell your Bitcoin?
Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, currently has $61.8 billion in Bitcoin on its balance sheet. But now, according to Strategy co-founder and executive chairman Michael Saylor, the company is willing to sell some of its Bitcoin to maximize shareholder value. And that, unfortunately, could make it too hot to handle for many investors.
As a Bitcoin treasury company, Strategy exists to do just one thing: buy and hoard as much Bitcoin as possible, as quickly as possible. And it has done so with much success. The company now holds 818,334 BTC, acquired at a total price of $61.81 billion. That works out to approximately $75,500 per coin.
Source Fool.com
Microstrateg.a New Stock
The stock is one of the favorites of our community with 56 Buy predictions and 2 Sell predictions.
Based on the current price of 80.64 € the target price of 273 € shows a potential of 238.54% for Microstrateg.a New which would more than double the current price.
