Key Points Michael Saylor completely shifted his company’s strategy a little more than five years ago, betting big on a top digital asset. A $21 million price target for this crypto implies a monster gain for a popular BlackRock ETF. Despite experts' enthusiasm, investors should always do their own research and lean less on the thinking of others. 10 stocks we like better than iShares Bitcoin Trust › Michael Saylor is one of the most successful businessmen around. He started his company, Strategy ...

Let's bring in Canacord Genuity managing director, equity research analyst, Joseph Vafi. Joe, great to have you with us. >> Um, so thanks Melissa.>> The stock has been up more than Bitcoin itself. Um, so how do you how do you make heads or tails of the stock in the move. Well, I think Melissa, you the best way to to look at Micro Strategy is you've got an operating company balance sheet that can take advantage of equity and debt to be able to opportunistically buy Bitcoin.And the the company embarked on the ...

Core Insights - Michael Saylor's Bitcoin strategy has resulted in an 85% annualized return for MicroStrategy, significantly outperforming Nvidia (71%) and Bitcoin (54%) since the company adopted Bitcoin as its primary treasury reserve in August 2020 [1][2][6] Performance Comparison - The annualized returns of leading assets since MicroStrategy's first Bitcoin purchase are as follows: MicroStrategy (85%), Nvidia (71%), Bitcoin (54%), Tesla (34%), Google (26%), Meta (21%), Microsoft (19%), gold (15%), and the S&P 500 (14%) [1][2][6] Business Model Transformation - MicroStrategy transitioned from an enterprise software company to a Bitcoin-centric financial vehicle, accumulating over 640,250 BTC through direct and indirect exposure since August 2020 [5][8][10] - The company's pivot to Bitcoin has allowed it to leverage its balance sheet, effectively transforming MSTR into a stock that magnifies Bitcoin's price movements while trading in regulated markets [6][11] Financial Strategy - Saylor's strategy involves converting excess cash into Bitcoin, arguing that digital assets serve as a stronger long-term store of value compared to fiat currency [9][10] - The company has raised capital through stock offerings and convertible debt to further increase its Bitcoin holdings, utilizing unique capital market instruments like Bitcoin-backed notes [12] Market Position - MicroStrategy is viewed as a market leader in digital asset treasury innovation, with analysts maintaining a Buy rating and a price target of $705 for MSTR [12]