As of the latest available data, Strategy (NASDAQ: MSTR) is trading at $255.43, reflecting a slight increase of 0.064% from the previous close.
Strategy, formerly known as MicroStrategy, is a business intelligence and software company that has become notable for its substantial investments in Bitcoin. As of December 8, 2024, the company owned approximately 423,650 bitcoins, valued at $42.43 billion, making it the largest corporate holder of the cryptocurrency.
The company's stock price has experienced significant fluctuations in tandem with Bitcoin's volatility. Recently, Strategy's shares have declined due to Bitcoin's price drop, with the stock falling over 50% from its November highs. This decline has been attributed to reduced investor enthusiasm and a contraction in the premium linked to its Bitcoin holdings.
Analysts have mixed views on the stock. For instance, Benchmark recently raised its price target for Strategy from $450 to $650, maintaining a "buy" rating, indicating potential optimism about the company's future performance.
Investors should be aware that Strategy's stock is closely tied to Bitcoin's performance, making it subject to significant volatility. It's advisable to monitor both the cryptocurrency market and the company's strategic decisions when considering an investment in MSTR.