MicroStrategy Stock Surges Amid Bullish Sentiment and Bitcoin Holdings
MicroStrategy's stock has been on an upward trend, rising by 3.84% as of September 3, 2026. This increase is attributed to recent news that has improved investor sentiment.
Alliance Global launched coverage on MicroStrategy with a Buy rating and a $217 price target, highlighting the company's large bitcoin stash and potential to outperform the cryptocurrency in a projected 6-18 month bull run.
Canaccord also reaffirmed its Buy rating for MicroStrategy, increasing its price target to $175 from $130. The firm believes that both the company's internal setup and macro backdrop have improved.
MicroStrategy has continued to increase its bitcoin holdings, acquiring 4,603 more BTC at an average price of $80,318. This brings the total number of BTC held by the company to 845,050, acquired for approximately $63.73 billion.