13 Best Cryptocurrency Stocks to Buy Now

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5. MicroStrategy Incorporated (NASDAQ:MSTR)

Average Upside Potential as of March 11: 129.41%

Number of Hedge Fund Holders: 44

MicroStrategy Incorporated (NASDAQ:MSTR) is the largest corporate Bitcoin holder, holding 499,096 BTC as of February. Similarly, it was the best-performing cryptocurrency in 2024, rallying by more than 140%. The impressive run came on the company, delivering solid financial results that were helped by Bitcoin prices rallying to record highs.

On February 5th, MicroStrategy Incorporated (NASDAQ:MSTR) revealed its fourth-quarter and full-year 2024 results. While its revenue from subscription services rose 48% to $31.9 million, its reported revenue of $120.7 million was down 3% from the previous year. Revenue from product licenses increased 18.3% year over year to $47.2 million.

MicroStrategy Incorporated (NASDAQ:MSTR) also announced plans to raise $42 billion over the next three years. A good chunk of the funds will bolster the company’s Bitcoin holdings. It also announced the completion of $20 billion of its $42 billion capital plan, often known as the 21/21 plan. It also updated its annual Bitcoin yield target to 15% for 2025.

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