Investors Are Piling Into This Hot New SPAC Stock Taking on MicroStrategy. Should You Follow Their Lead?

Strategy (NASDAQ: MSTR), formerly known as MicroStrategy, has transformed itself from an enterprise software provider to a Bitcoin (CRYPTO: BTC) treasury over the last few years. The company's software business has taken a back seat to CEO Michael Saylor's efforts to accumulate more and more Bitcoin every week. He's even compared his company's stock to a leveraged Bitcoin ETF back in 2022.The stock has attracted quite a following, especially as Bitcoin has soared in value over the last five years. Now, another company wants to copy Saylor's playbook and build a business focused exclusively on accumulating Bitcoin for shareholders. It will go public via SPAC, and investors are already piling into it in anticipation.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool