Jim Cramer Thinks These 13 Stocks Will Benefit From the New Administration

7. MicroStrategy Incorporated (NASDAQ:MSTR)

Number of Hedge Fund Holders: 25

At the time of writing on November 28, MicroStrategy Incorporated (NASDAQ:MSTR) stock was up 69.27% for November. Cramer remarked:

“Of course, MicroStrategy, a former software company that’s now pretty much a leveraged Bitcoin fund has shot up 65%.”

MicroStrategy (NASDAQ:MSTR) is a well-known provider of AI-driven enterprise analytics software and services. In addition to its core software business, the company has become increasingly recognized for its active role in Bitcoin development. Recently, the company has benefited from the surge in Bitcoin prices, which have risen by more than 30% since Election Day while the company stock has soared more than double that.

Michael Saylor, the company’s founder and executive chairman, has commented that the company stock has outperformed Bitcoin itself. According to Saylor, this outperformance is largely due to the company’s approach of leveraging its Bitcoin holdings to maximize returns. In line with its Bitcoin-focused strategy, the company has set an ambitious target of raising $42 billion in capital over the next three years.

This plan, referred to as the “21/21 Plan,” consists of $21 billion in equity and another $21 billion in fixed-income securities. Phong Le, MicroStrategy’s (NASDAQ:MSTR) President and CEO emphasized that the capital raised will primarily be used to acquire more Bitcoin, reinforcing its position as a “Bitcoin Treasury Company.” The goal is to continue building Bitcoin reserves in a manner that can optimize the company’s returns from these assets, thereby enhancing its overall performance.