Microstrategy, a renowned business intelligence and IB tool firm stocks are spiking high amid the brewing Bitcoin boom. The firm is known for aggressively stashing Bitcoins and is currently holding $331,200 BTC tokens at present. As Bitcoin continues to scale past new price spots, inching towards $100K, the price of MSTR stocks is also spiking, displaying the harmony of Bitcoin with MSTR stocks in an established corporate regime.

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MicroStrategy Stocks Are Consistently Rising: What’s Happening?

The stocks for Saylor’s Microstrategy are riding high on the radar. MSTR stock is currently sitting at $473 after spiking 9% last night in hopes of Bitcoin hitting the ambitious $100K mark. The firm’s stock is surging at a record pace and may ultimately cross the $500 threshold, which may prove lucrative for the firm in its entirety.

“BREAKING: MicroStrategy stock, $MSTR, surges another 9% in overnight trading as #Bitcoin nears $100,000. The stock is trading at a record high, on track to mark its first daily close above $500.”

The firm was recently in the news for buying 51,780 bitcoins, adding more fuel to the surge. As Bitcoin nears $100K, the market is busy speculating whether this surge will continue and help MSTR stocks claim a new high. Keeping the recent trend and spikes in mind, BTIG has already raised the firm’s stock price target from $290 to $570, issuing a “buy” call for the investors to explore.

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In addition to this, Saylor will also be delivering a three-minute presentation to Microsoft, trying to compel the Windows giant to consider Bitcoin as one of the revenue channels worth exploring.

“The activist that put that proposal together contacted me to present to the board, and I agreed to provide a 3-minute presentation,” Saylor said. “That’s all you’re allowed—and I’m going to present it to the board of directors.”

MSTR Stock Analysis: Can It Hit $570?

As per TipRanks, the MSTR high price target is priced at $570, which matches BTIG’s stock price forecast for Microstrategy. According to TipRanks, the firm can easily achieve the $570 stock price high within the next 12 months, and sooner if Bitcoin claims $100K and the market supports MSTR momentum at the same time.

“The average price target for Microstrategy Inc. is $357.38. This is based on 8 Wall Street Analysts 12-month price targets issued in the past 3 months. The highest analyst price target is $570.00, and the lowest forecast is $270.00. The average price target represents a -24.58% decrease from the current price of $473.83. Microstrategy Inc.’s analyst rating consensus is a Strong Buy. This is based on the ratings of 8 Wall Street analysts.”

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