After MSCI decided to keep companies holding Bitcoin in its index, MicroStrategy (MSTR) saw a rise in its stock price. MSCI stated that further research is needed to distinguish these companies from traditional investment firms. This news, along with MicroStrategy disclosing a new Bitcoin purchase transaction worth $116 million (1,286 Bitcoins), further boosted the stock price. The company currently holds approximately 673,783 Bitcoins, with an average purchase price of about $50,500 per Bitcoin. Analysts are generally optimistic about MicroStrategy, with the average target price indicating significant upside potential for its stock.
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After MSCI decided to keep companies holding Bitcoin in its index, MicroStrategy (MSTR) saw a rise in its stock price. MSCI stated that further research is needed to distinguish these companies from traditional investment firms. This news, along with MicroStrategy disclosing a new Bitcoin purchase transaction worth $116 million (1,286 Bitcoins), further boosted the stock price. The company currently holds approximately 673,783 Bitcoins, with an average purchase price of about $50,500 per Bitcoin. Analysts are generally optimistic about MicroStrategy, with the average target price indicating significant upside potential for its stock.