MicroStrategy Pushes Higher As BlackRock Buys In, But Peter Schiff Sees A Crash Ahead
MicroStrategy Inc. (NASDAQ:MSTR) continues its upward sprint, reaching a 52-week high of $236.29 during Thursday trading, with investors rallying behind the stock.
The stock’s meteoric rise—up 55% in the past month and 244% year-to-date—signals renewed investor confidence in the company’s strategic mix of Bitcoin (CRYPTO: BTC) investments and AI-powered software advancements. Over the past year, MicroStrategy has soared an incredible 444%, and many are betting that this momentum will keep going.
BlackRock Bets Big On MicroStrategy
A significant driver of the optimism comes from BlackRock Inc (NYSE:BLK), which recently expanded its stake to 5.2% in MicroStrategy, effectively placing a larger bet on the company’s unique positioning as a gateway for institutional investors to gain Bitcoin exposure.
With Bernstein analysts projecting Bitcoin could reach $200,000 by the end 2025, it seems BlackRock is bullish on the long-term outlook for both crypto and MicroStrategy.
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