MicroStrategy's Bitcoin Buying Spree Fuels Stock Market Debate

The company has acquired 55,500 more bitcoins for $5.4 billion, intensifying discussions on its valuation and strategy.

MicroStrategy now holds 386,700 bitcoins, purchased at an average price of $56,761, with its latest acquisition averaging $97,862 per bitcoin.
The company has raised $9 billion in November alone through equity and convertible debt sales, part of a $42 billion plan to fund further bitcoin purchases over three years.
Analysts have raised price targets for MicroStrategy stock, with projections reaching as high as $650, citing its unprecedented bitcoin treasury model.
Critics, including Citron Research and investment adviser Gary Black, argue that MicroStrategy's valuation has become detached from its bitcoin holdings and fundamental business metrics.
Bitcoin's surge toward $100,000 and President-elect Donald Trump's crypto-friendly stance have bolstered market optimism, though short-sellers remain active against the stock.