Strategy Inc (NASDAQ:MSTR) is one of the The best cheap stocks to buy right now. Strategy, according to an SEC filing, acquired an additional 855 bitcoins (BTC) for $75.3 million (implying an average acquisition price of $87,974) between January 26 and February 1. Just the week before, from January 20 to 25, Strategy already spent $264.1 million to buy 2,932 BTC at an average price of $90,061. The company financed both purchases by selling STRC and MSTR shares in the same period. This latest batch of purchases would raise the company’s reserves to 713,502 BTC, with an aggregate cost of $54.26 billion (an average acquisition price of $76,047).
On a separate note, CNN data shows that 15 of 17 analysts (~88%) covering MSTR have a “Buy” rating on the company, and the remaining two (~12%) have a “Hold” recommendation. The average price target is $445 (with a high of $705), which implies an upside of around 200% (401.96% using the highest estimate). Note: Between the data collection date and the publication date, the price of MSTR has fallen ~10.9%. This coincides with a 10.5% drop in Bitcoin prices (from $79,000 to $70,000) over the same period. As such, the price of Bitcoin is now below the equilibrium price/acquisition cost of MSTR. Strategy Inc (NASDAQ:MSTR) is a provider of mobility and business analytics software. The company, founded by Michael Saylor and Sanjeev Bansal, adopted Bitcoin as its primary treasury asset. While we recognize the potential of Strategy Inc (NASDAQ:MSTR) as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that’s also benefiting significantly from Trump-era tariffs and the offshoring trend, check out our free report on best short-term AI stock. READ NEXT: The 12 Best Software Infrastructure Stocks to Buy According to Hedge Funds and Cathie Wood Stock Portfolio: Top 10 Stocks to Buy. Disclosure: None. This article was originally published in Internal jumpsuit.