🚀 MicroStrategy's Bitcoin Bet: To the Moon? 🌕
MicroStrategy (MSTR) shares are on a rocket ride, trading at a 2.3x premium to their Bitcoin (BTC) portfolio's net asset value (NAV). Analyst Mark Palmer predicts MSTR could hit $245 per share if they keep buying BTC and start lending it out for low-risk yield. Currently, shares hover around $206, up from Palmer's previous target of $215.
With over 250,000 BTC worth $17 billion, MicroStrategy's unique BTC acquisition strategy since August 2020 has critics buzzing. But Palmer argues this strategy is a shareholder value engine.
What do you think? 🚀💬 Share your thoughts below!