It’s been a fantastic two-year run for MicroStrategy(NASDAQ: MSTR), which is up more than 1,200% during that time period. This stock market success can primarily be attributed to its unprecedented Bitcoin(CRYPTO: BTC) buying spree, which has seen the company accumulate more than 2% of all Bitcoin currently in circulation.
Not unsurprisingly, MicroStrategy’s stock price has shot up over the past two years as the price of Bitcoin soared.
Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More »
And now MicroStrategy has decided to go all-in on Bitcoin. During a quarterly earnings call with analysts at the beginning of February, MicroStrategy announced that it is rebranding as “Strategy” and integrating the iconic Bitcoin symbol as part of its brand identity.
So what exactly does that mean for investors?
The rebranding of MicroStrategy
To answer that question,…
