12 Best WallStreetBets Stocks To Buy According to Hedge Funds

9. Strategy Incorporated (NASDAQ:MSTR)

Number of Hedge Fund Holders: 44

MicroStrategy Incorporated, doing business as Strategy Incorporated (NASDAQ:MSTR), offers AI-powered enterprise analytics software and services. The company’s Bitcoin acquisition strategy continues to be supported by a series of capital-raising activities. Its unique position as a publicly-traded company with significant Bitcoin holdings gained significant attention from investors who are seeking exposure to the cryptocurrency market. Strategy Incorporated (NASDAQ:MSTR) has announced the pricing of its offering on March 20 of 8,500,000 shares of 10.00% Series A Perpetual Strife Preferred Stock at a public offering price of $85.00 per share.

It expects net proceeds to be ~$711.2 million, post deducting the underwriting discounts and commissions and its estimated offering expenses. Strategy Incorporated (NASDAQ:MSTR) plans to use net proceeds from the offering for general corporate purposes, including the Bitcoin acquisition and working capital. The company’s position as a publicly traded company with significant Bitcoin exposure can make it an attractive investment option for institutions planning to take Bitcoin exposure via traditional financial instruments. This can enhance the demand for Strategy Incorporated (NASDAQ:MSTR)’s stock, fueling its price and the premium at which it trades relative to the Bitcoin holdings.