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Barchart
Barchart
Aditya Raghunath

Down 26% from March Highs, Should You Buy the Dip in MicroStrategy Stock?

MicroStrategy Bitcoin MSTR Michael Saylor

Valued at $25 billion by market cap, MicroStrategy (MSTR) provides enterprise analytics and mobility software solutions. It designs, develops, markets, and sells software platforms through licensing agreements and cloud-based subscriptions.

While MicroStrategy is inherently a software company, it has invested heavily in Bitcoin (BTCUSD) in the last four years. In 2020, MicroStrategy’s Executive Chairman Michael Saylor initially bought Bitcoin worth $250 million. According to Saylor, Bitcoin is a store of value with potential for long-term capital appreciation. 

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