MicroStrategy is an American corporation specializing in business intelligence analytics. In recent years, it has become notable for investing a significant portion of its capital into Bitcoin, viewing it as a store of value and considering this investment their main long term strategy.
Will MSTR stock price reach $1000 in 2024?
@LightningBee I assume this means > $1000 at any time during 2024, including intraday prices?
If so, the close date seems a bit early; should we keep it open for trading until the answer is known, or was that intentional?
@LightningBee It was originally set to close on Dec 30, 2023, which seemed wrong. I think it's fine to close it shortly after trading in 2024 ends, or shortly before; I don't think it matters a whole lot. I'd tend to recommend closing shortly before just because there's not much value in having people buy it from 98.5% to 99.7% (or 1.5% to 0.3%) right after market close, but either approach is fine.