Strategy Inc. Dodges Crypto Tax Bullet, Stock Soars on Bitcoin Bet
Strategy Inc., formerly known as MicroStrategy, has dodged a significant financial bullet. The US government has decided against imposing a 15% tax on unrealized cryptocurrency gains, which could have cost the company billions. This news, coupled with the company's recent rebranding and ambitious bitcoin price strategy, has sent its stock soaring.
Strategy Inc., now focused on bitcoin price and AI, has completed its rebranding from MicroStrategy. The company holds over 638,000 bitcoins in its portfolio, making it one of the largest institutional crypto investors worldwide. Despite potential dilution, analysts remain optimistic, with an average price target of $566.92. The company's aggressive '21/21 Plan' aims to raise $42 billion by 2027 to buy more bitcoin price, with a completion target of 2027.
The company's extreme bitcoin price exposure has yielded a remarkable 2,040% return over the past five years. This strategy, despite recent volatility in the crypto market, has proven lucrative for the company and its shareholders.
With the US government's decision on taxing unrealized crypto gains averted, Strategy Inc. can continue its ambitious bitcoin price strategy. The company's stock is surging, and analysts remain optimistic despite potential dilution. The company's aggressive '21/21 Plan' is set to continue, with a completion target of 2027.
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