MicroStrategy Incorporated: Bitcoin the Strongest Asset for Institutions, According to CEO Michael Saylor

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MICROSTRATEGY ($NASDAQ:MSTR): MicroStrategy Incorporated is a leading business intelligence and mobile software company that provides cloud-based services and solutions to businesses worldwide. Recently, the company’s CEO, Michael Saylor, has been making headlines after demonstrating the resilience of Bitcoin as an asset for institutions. This investment has caused an increase in institutional interest in Bitcoin, with other major companies such as Square and Tesla following suit.

Additionally, Saylor’s firm has also been very vocal in promoting the advantages of Bitcoin as a store of value over fiat currency, further demonstrating its potential to become the preferred asset for institutions. With its growing institutional support, Bitcoin is quickly becoming one of the most popular assets for investments. According to Michael Saylor, Bitcoin is the “strongest asset for institutions” and MicroStrategy Incorporated is one of the leading companies driving this change. Through its investments and vocal support of Bitcoin, the company is helping to revolutionize the way that institutions view digital assets and paving the way for a new era of investing.

Stock Price

On Monday, MICROSTRATEGY INCORPORATED stock opened at $423.0 and closed at $420.2, up by 3.3% from previous closing price of 406.8. Saylor has stated that he believes Bitcoin is superior to gold and other traditional safe-haven assets due to its ease of use, low cost-of-entry, and increased liquidity. The bold move has paid off for MICROSTRATEGY INCORPORATED, and Saylor’s investment in Bitcoin has proven to be a savvy decision. With more powerful institutions joining the Bitcoin revolution, the future of the cryptocurrency market looks very bright indeed. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

At GoodWhale, we have conducted an analysis of MICROSTRATEGY INCORPORATED‘s wellbeing. Our star chart shows that this company is strong in profitability, and weak in asset, dividend, and growth. Our analysis of MICROSTRATEGY INCORPORATED’s cashflows and debt results in an intermediate health score of 6/10, suggesting that the company is likely to pay off debt and fund future operations. Our classification of MICROSTRATEGY INCORPORATED as a “sloth” type of company indicates that this company has achieved revenue or earnings growth slower than the overall economy. Investors who are interested in this type of company should consider the intermediate health score of 6/10 and slower-than-average growth rate when making their decisions. High-risk investors may be attracted by the potential for higher returns, while more conservative investors may find the slower growth more palatable. Ultimately, each investor should analyze MICROSTRATEGY INCORPORATED in detail and make their own decision on whether or not to invest. More…

Peers

The company’s main competitors are Coinbase Global Inc, Riot Blockchain Inc, Bakkt Holdings Inc.

– Coinbase Global Inc ($NASDAQ:COIN)

Coinbase Global Inc is a digital asset exchange company. The Company’s mission is to create an open financial system for the world. The Company operates a digital currency exchange platform for individual and institutional investors, traders, and developers. The Company offers its products and services through its online platform and mobile application. The Company serves customers in North America, Europe, Asia Pacific, South America, and the Middle East and Africa.

– Riot Blockchain Inc ($NASDAQ:RIOT)

Riot Blockchain Inc has a market cap of 893.37M as of 2022. The company’s ROE for the same year is -2.48%. Riot Blockchain Inc is a provider of blockchain technology solutions to the global financial markets. The company’s mission is to be the leading blockchain technology provider in the world.

– Bakkt Holdings Inc ($NYSE:BKKT)

Bakkt Holdings Inc is a company that provides digital asset custody, trading, and other financial services. As of 2022, the company had a market capitalization of 164.26 million and a return on equity of -26.03%. The company’s primary focus is on digital assets, such as Bitcoin, and providing custody, trading, and other financial services related to these assets.

Summary

MicroStrategy Incorporated (NASDAQ:MSTR) has been making headlines recently as the company’s CEO, Michael Saylor, has been pushing for institutional investors to add Bitcoin to their portfolios. His advocacy has been paying off, as MicroStrategy’s stock price has moved up significantly in the wake of his statements. As a result, many institutional investors have diversified their portfolios into Bitcoin, making it the strongest asset available. This is a testament to the market’s acceptance of Bitcoin as a viable asset and the potential for long-term growth that it holds.

Even though there is still some risk associated with investing in Bitcoin, many investors believe that the potential rewards outweigh the risks. MicroStrategy’s strong performance is likely to continue, as Saylor continues to advocate for Bitcoin’s inclusion in institutional portfolios and as more investors recognize the potential behind this asset.