**MicroStrategy's Bitcoin Strategy Boosts Stock Performance**

MicroStrategy's aggressive Bitcoin buying has significantly boosted its stock performance, according to a recent analyst report. The company, known for its enterprise software, has seen its stock, MSTR, rise to around $153 following a 10-for-1 stock split. Analysts suggest the stock could hit $215 if MicroStrategy continues to buy Bitcoin and starts lending it out for low-risk yield.

Executive Chairman Michael Saylor believes Bitcoin could become "perfected capital," generating low-risk yield through digital banking services. Despite declining core business revenues, the company remains committed to its Bitcoin strategy, recently completing a $1.01 billion convertible note offering to fund more Bitcoin purchases and debt repayment.

Analysts argue that MicroStrategy's Bitcoin acquisition strategy justifies its stock premium, with the company using "Bitcoin Yield" as a performance metric. The recent retirement of $500 million in senior secured notes has freed up 69,080 bitcoins, opening new opportunities for institutional lending. With increasing institutional interest in crypto, MicroStrategy could soon find large institutional counterparties for its Bitcoin lending.