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MicroStrategy Soars as Bitcoin Bets and Price Targets Climb

Guavy AI Editorial Team
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MicroStrategy's stock price surged 2.67% after announcing a transformative AI-driven product expansion, continuing its trend as a high-beta vehicle closely tied to Bitcoin's performance.

Citi raised its price target for MSTR to $240, citing a higher 12-month Bitcoin forecast of $113,000, while B. Riley also increased its target to $195, attributing the move to crypto momentum and regulatory catalysts.

The company added 1,615 Bitcoin to its holdings, with a total of 847,666 BTC, and reported over $5 billion in U.S. dollar reserves and $1 billion in cash, giving it room to continue its strategy.

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