Max Keiser: MicroStrategy Stock Price Growth Has No Limits - Latest Bitcoin Acquisition and Future Plans Revealed
In a bold prediction, Max Keiser, a prominent Bitcoin advisor to El Salvador president, has declared that MicroStrategy's stock price has limitless potential. He believes that many financial experts fail to grasp the successful strategy behind MicroStrategy's soaring stock price.
MicroStrategy recently announced the acquisition of 169 BTC for $11.4 million in June, bringing their total Bitcoin holdings to 226,500 tokens. At the current exchange rate, this is valued at approximately $14,659,329,150. Despite a 6.5% drop in MSTR's share price before their second-quarter earnings report, the company has seen a threefold increase over the past year.
Furthermore, MicroStrategy plans to raise $2 billion to further increase its Bitcoin allocation. This comes after previous fundraising efforts earlier this year. Michael Saylor, the CEO of MicroStrategy, highlighted how Bitcoin has propelled the company's share price above other tech giants.
In conclusion, MicroStrategy's bold move into Bitcoin and their aggressive acquisition strategy could have a significant impact on their stock price and the cryptocurrency market as a whole. Investors should keep a close eye on MicroStrategy's future moves as they continue to bet big on Bitcoin.
