Veteran analyst is bullish on MicroStrategy's balance sheet

By: thestreet|2025/05/02 21:15:01

Veteran analyst and The Big Bitcoin Book author Fred Krueger is bullish on MicroStrategy (Nasdaq: MSTR) and thinks its Bitcoin-heavy balance sheet will be stronger than that of Apple (Nasdaq: AAPL) within 18 months.Strategy will have a stronger balance sheet than Apple within 18 months. pic.twitter.com/bqWSsSyrLx— Fred Krueger (@dotkrueger) May 2, 2025Note that MicroStrategy, rebranded to Strategy, reported its Q1 2025 financial results on May 1. The firm's total revenue fell 3.6% year-over-year (YoY) to $111.1 million during the last quarter.Nonetheless, MicroStrategy posted a year-to-date (YTD) Bitcoin gain of $5.8 billion and a YTD BTC yield of 13.7% during the quarter.Founder and executive chairman Michael Saylor posted about the stock's performance on X ahead of the results. He said the MSTR stock has surged more than 3,000% since adopting the Bitcoin standard.$MSTR is now up more than 3000% since adopting the Bitcoin Standard. pic.twitter.com/ZqBKMHG999— Michael Saylor (@saylor) May 1, 2025 The Bitcoin Standard Era (BSE) return is a conceptual metric introduced by Strategy that calculates the appreciation in the stock's value since the firm adopted Bitcoin as its primary treasury reserve asset on Aug. 10, 2020.Compared to MSTR's massive 3,142% return, Nvidia's (Nasdaq: NVDA) 916%, Tesla's (Nasdaq: TSLA) 205%, Meta's (Nasdaq: META) 121%, Alphabet's (Nasdaq: GOOGL) 118%, Microsoft's (Nasdaq: MSFT) 107%, and Apple's (Nasdaq: AAPL) 89% returns seem dwarfed.MicroStrategy holds 553,555 BTC acquired for $37.9 billion that is worth $53.6 billion as of now. The firm is eager to acquire even more BTC as it has announced a new $21 billion at-the-market (ATM) stock offering for the purpose.Krueger, however, said buying MSTR stock is "ultimately a very fiat move" and "real Bitcoiners own Bitcoin." But Bitcoin offered only 715% BSE return in comparison to MSTR's astonishingly high return.The MSTR stock was exchanging hands at $391.28 in pre-market hours on May 2.As per Kraken's price feed, Bitcoin was trading at $96,855.45 at press time.

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