MicroStrategy (NASDAQ: MSTR), a well-known leader in Bitcoin (BTC) investments, has recently ventured into blockchain technology, capturing significant attention.
At the company’s Bitcoin For Corporations conference on May 1, Executive Chairman Michael Saylor unveiled “MicroStrategy Orange,” a new decentralized identity solution that operates directly on the Bitcoin network.
This service, MicroStrategy Orange, marks a pivotal advancement in using the Bitcoin blockchain for more than just financial transactions.
MSTR Stock price. Source. Google
This price action reflects a bearish sentiment among investors, compounded by CEO Michael Saylor selling 400,000 shares of his company’s stock since the beginning of the year.
Microstrategy (MSTR) stock forecast & price target. Source. tipranks
Current analysis indicates a potential further decline in stock prices, despite an average 12-month price target of $1,733.75 by Wall Street analysts.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
