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StockNews.com
Business
Anushka Dutta

Should You Scoop Up Shares of MicroStrategy on the Dip?

MicroStrategy Incorporated (MSTR) in Tysons Corner, Va., is an enterprise analytics software and services provider. The company’s offerings include MicroStrategy, an enterprise platform that supplies a modern analytics experience. It also offers MicroStrategy Support that helps customers and improves the overall experience.

MSTR has invested significantly in Bitcoin over the past two-years. The company has shifted its focus to Bitcoin as opposed to software development. Furthermore, in March, MSTR used a $205 million borrowing through a three-year term loan to accumulate more digital currency. The company has become essentially a Bitcoin-play because its original business is unable to repay all its debt.

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