On April 24, we said:

“While you can always invest directly in Bitcoin, we can jump into related stocks, like MicroStrategy (MSTR). With a market cap of $92.2 billion, MicroStrategy provides business intelligence, mobile software and cloud-based services.”

“But what makes it really exciting is its 528,185 Bitcoin holdings – which is now worth just over $48.2 billion at the moment. That means every time Bitcoin runs, the value of MSTR’s BTC holdings run, which sends shares of MSTR screaming higher. From its last traded price of $346.49, we’d like to see it retest $450 – which could easily happen if Bitcoin can get back above $100,000.”

At the time, MSTR traded at about $346.59. Today, it’s up to about $402.69 and could be headed significantly higher.

All thanks to its Bitcoin holdings, which, as of last week, are now up to 576,230. With Bitcoin at $109,000, MicroStrategy’s holdings are now worth $63 billion.

And the run is far from over.

You see, every time Bitcoin runs, the value of MSTR’s BTC holdings runs, which could send shares of MicroStrategy even higher.  Making things even more attractive, analysts at Standard Chartered say Bitcoin could rally to $500,000 by the end of President Trump’s term – thanks to growing institutional and government interest.

Plus, the U.S. is Waiting on a New Crypto Bill

 There’s new legislation in the works.

as noted by Barron’s, “As soon as Monday, the Senate plans to hold a key procedural vote on the so-called GENIUS Act. Among other provisions, the bill would require stablecoins, whose value is typically pegged to the dollar, to hold reserves of liquid, safe assets like Treasury bills. Issuers would also have to follow anti-money-laundering and terrorism finance rules and to give holders of coins priority to recoup their money in a bankruptcy.”

Should that pass, it could help increase the adoption of most digital currencies, like Bitcoin, which could send it and stocks, like MicroStrategy even higher.

Sincerely,

Ian Cooper