We recently compiled a list of the 12 Best Multibagger Stocks to Buy Right Now. In this article, we are going to take a look at where MicroStrategy Incorporated (NASDAQ:MSTR) stands against the other multibagger stocks.

Shares of MicroStrategy now sit firmly on their $300 price tag, which should also be considered significant as a round number. A break below $300 will increase selling pressure on the stock, targeting a retracement to $250, an 18% decline.

MicroStrategy Inc. said it bought $209 million of Bitcoin, marking the eighth consecutive week of purchases for the dot-com-era software maker turned leveraged proxy for the original cryptocurrency.

MicroStrategy bought about $209 million of bitcoin in the past week, making it eight weeks in a row that the company has acquired more of the digital currency.

MicroStrategy plans to raise $2 billion from a perpetual preferred stock offering to purchase extra Bitcoin for the company.

Shares of MicroStrategy Inc. (MSTR) rose in morning trade on Thursday after Bitcoin (BTC) prices surged above the $97,000 mark. MicroStrategy, also known as Bitcoin proxy due to its extensive investments in the cryptocurrency,