MicroStrategy (MSTR) Bull Doubles Down on Shares, Raises Price Target to $2,150 High

Since adopting bitcoin as the Treasury’s primary reserve asset in August 2020, the company led by Executive Chairman Michael Saylor has gained 1,206%, Benchmark analyst Mark Palmer wrote in a research report Friday. The stock’s performance since then contrasts with that of bitcoin (BTC), the S&P 500 and the Nasdaq, which have gained 442%, 64% and 60%, respectively, he noted.