MicroStrategy’s Bitcoin Strategy Could Propel MSTR Stock to $215, Analyst Says

On September 25, according to COINOTAG news, Mark Palmer, a Benchmark analyst at Wall Street brokerage, asserted that should MicroStrategy further accumulate Bitcoin and commence lending these cryptocurrencies in low-risk scenarios, the MSTR stock price could potentially elevate to $215 per share. Currently, MSTR trades around $153 per share, following a 10-to-1 stock split executed on August 9. Primarily recognized for its enterprise software solutions, MicroStrategy’s market value is heavily influenced by its Bitcoin holdings, a strategy initiated in 2020. In a podcast on September 18, MicroStrategy Executive Chairman Michael Saylor highlighted the potential of Bitcoin to evolve into a “perfect form of capital,” blending the qualities of a store of value with the ability to generate low-risk returns through digital banking services, including lending.