Amid plans to launch a 'bitcoin bank', MSTR stock surges to ATH

• Saylor plans to make MicroStrategy a Bitcoin bank.
• After the release MSTR rallied and hit an ATH.

MicroStrategy's MSTR Stock Hits ATH (All-Time High) After Revealing Last Target To Become Trillion Dollars Bitcoin [BTC] Bank

MicroStrategy's founder, Michael Saylor, told Bernstein analysts his firm is eyeing a $1 trillion valuation as the largest BTC bank.

This will be helped in part by aggressive accumulation of the world's largest asset, as analysts estimate a $290 price target for the stock.

Source: MSTR, TradingView

Following update, MSTR increased A record high of $212.50, a 15% increase in the October 11 intra-day trading session. It even broke the $200 resistance.

Bitcoin is the endgame of the bank

Response to assembly of MSTR, Saylor Note that The only thing that performed better than BTC was more BTC.

“The only thing better than #Bitcoin is more Bitcoin.”

Source: X

At press time, MicroStrategy had 252,220 BTC, worth $15.8 billion each. Information From Bitcoin Treasury. In most interviews, Saylor never said whether the firm would sell its BTC holdings or its end goal.

But the end game became clear last week.

So, what is a bitcoin bank?

According to Sellar, BTC Bank Will act like other asset classes and build financial entities built around them. The Bernstein Report states in part,

“Michael believes that MSTR is in the core business of creating bitcoin capital market instruments across equity, convertibles, fixed income, and preferred shares.”

Saylor was earlier projected That BTC could hit $3M-$49M by 2045 as assets expand as part of global capital.

Thus, the executive speculated that making money from creating BTC-based financial instruments like bonds or stocks would be easier than lending the currency held by MicroStrategy.

Interestingly, Hal Feeney, one of the earliest BTC network contributors, floating A similar concept in 2010.

Source: X

But some have called for improved self-defense technology to ensure such systems remain honest.

That said, some market pundits predict a strong BTC rally as a positive catalyst for MSTR's price.

According to financial advisors Ben FranklinBased on MicroStrategy's financial health and BTC appreciation, MSTR's value could rise 6x-10x.