Users are betting on whether MicroStrategy's aggressive Bitcoin acquisition strategy will soon push its holdings to 500,000 BTC.

STRK will go on the market for $80 per share, and the company hopes to use the proceeds to buy Bitcoin. MicroStrategy co-founder and chairman Michael Saylor announced on X, formerly Twitter, that the company had upsized the deal from raising $250 million to $584 million.

MicroStrategy Inc. (NASDAQ:MSTR) can benefit from the rising Bitcoin (CRYPTO: BTC) prices, and faster growth in its holdings as compared to share dilution, says Mizuho as it describes the company’s play on the cryptocurrency as the “Lever for the Believer” in its note dated Jan.

Forbes magazine featured Michael Saylor, Chairman of MicroStrategy, on its cover, dubbing him "The Bitcoin Alchemist" in recognition of his transformative influence on the financial world through cryptocurrency.

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world

Saylor's bull case gives Bitcoin a $49 million price target in 2045, putting its market cap at an astronomical $1 quadrillion. Even the bear case is very optimistic, with Bitcoin's price rising at an average annual pace of 18.4% and hitting $3 million in 20 years.

MicroStrategy Inc. bought Bitcoin for a 12th consecutive week and unveiled details for the sale of perpetual preferred stock to help finance additional purchases of the cryptocurrency. Most Read from BloombergWhat Happened to Hanging Out on the Street?

MicroStrategy announced Monday that it had bought even more Bitcoin and revealed it would sell stock to raise capital and fund future purchases of the cryptocurrency. MicroStrategy’s latest purchase brings its total holdings to more than 470,

MicroStrategy Inc. (MSTR), of Tysons Corner, Va., is riding two of the most powerful growth trends in the market right now with its large ownership of Bitcoin and its recent pivot to use Artificial Intelligence (AI) to enhance its business intelligence (BI),

As a result, Saylor predicts Bitcoin could soar to $13 million per coin by the year 2045, which would translate to an eye-popping 13,031% gain for investors who buy it at the current price of about $99,000. But how realistic is that target?

That all changed in 2020, when MicroStrategy's co-founder and then-CEO Michael Saylor directed it to buy 21,454 Bitcoin s (CRYPTO: BTC) for $250 million. It then accumulated more Bitcoin each year, and it held 450,000 Bitcoins as of Jan. 13.

The latest developments surrounding Binance, KuCoin, MicroStrategy and Ondo Finance headline this week’s Crypto Biz Newsletter.