As of November 20, 2024, MicroStrategy has successfully raised $6.6 billion in equity and acquired a total of 331,200 Bitcoin, with 78,980 Bitcoin purchased since the end of October.

The company is pursuing an ambitious '21/21' plan, aiming to raise $42 billion over three years, with funds allocated evenly between equity and fixed-income securities.

Following a significant increase in Bitcoin's value, which has risen over 30% to $94,400 since October 31, the value of MicroStrategy's Bitcoin holdings now exceeds $31 billion.

Wall Street analysts are optimistic about MicroStrategy, with a Strong Buy consensus rating for its stock, MSTR, supported by eight Buy ratings issued in the past three months.

Five-star analyst Andrew Harte has raised his price target for MicroStrategy to $570, suggesting a potential upside of 20% from its current closing price.

Despite a remarkable 650% surge in MSTR's share price year-to-date, the average price target of $322.38 indicates a potential downside risk of 32%.

Analyst Ramsey El-Assal endorses MicroStrategy's strategy, likening it to a Bitcoin index fund that leverages profits from its software business.

The company's recent offering of convertible senior notes due in 2029 was upsized to $2.6 billion, reflecting strong market interest in its Bitcoin acquisition strategy.

Harte has demonstrated a 75% success rate in his stock ratings, achieving an average return of 63.8% per rating.