Strategy Is Up 53% in the Past Month. Here's the Bull and Bear Case for One of Wall Street's Most Polarizing Stocks.
It's worth taking the time to understand how this business model works.
Overview
The world has never seen a corporate transition quite like that of Strategy (NASDAQ: MSTR). The enterprise software and data analytics business has morphed into the world's leading Bitcoin (CRYPTO: BTC) treasury company, meaning its main business in buying and holding the cryptocurrency. The prominent digital asset is exactly what defines Strategy's story now: Its holdings are currently valued at $64.5 billion, 92% of the total enterprise value.
During the past month, this cryptocurrency stock has climbed 53% (as of Sept. 18). The momentum is noteworthy, riding on the back of Bitcoin's 25% climb. However, Strategy shares remain extremely volatile, and they trade 58% below their all-time record.
Details
Investors who are interested in this business should take the time to understand the bull and bear case for one of Wall Street's most polarizing stocks.
Source
Originally published at www.fool.com.