
MicroStrategy (MSTR), rebranded recently as Strategy, was once just another enterprise software firm. It rewrote its fate in 2020 by diving into Bitcoin (BTCUSD), fueling a 2700% stock surge over the past five years. Now, holding nearly 500,000 BTC or over 2.3% of all BTC in circulation, it’s a Bitcoin vault.
Some Wall Street analysts see a bigger play at work. With President Donald Trump’s proposed Strategic Bitcoin Reserve, institutional demand for Bitcoin could surge, further solidifying Strategy’s position as the ultimate Bitcoin proxy.