MicroStrategy, now rebranded as Strategy (MSTR), has evolved from a modest business intelligence firm into the most audacious Bitcoin investment vehicle on the planet. With over 600,000 BTC under management and a new 42/42 capital strategy aiming to raise $52 billion more by 2027, MSTR now trades almost entirely on the future of Bitcoin.
But is this high-risk, high-reward play sustainable? Or is MSTR’s valuation bubble waiting to burst?
In this exclusive thematic report, CFRA Research breaks down:
- The flywheel behind MSTR’s 1.9x premium to its Bitcoin holdings
- Risks of BTC price stagnation or decline on MSTR’s liquidity and valuation
- How convertible debt, preferred equity, and meme-stock dynamics amplify both upside and downside
- What it would take for MSTR’s capital-raising model to succeed—or collapse
Get clarity on one of the boldest financial experiments in market history. Our analysts dissect MSTR’s BTC yield math, equity dilution model, and why this bet might either redefine corporate finance—or self-destruct under its own leverage.
Access CFRA’s in-depth research to uncover the real investment thesis and risk behind Strategy’s Bitcoin empire.