MicroStrategy's stock price surged 6% to over $230, reaching a nearly 25-year high, as the company continues its aggressive Bitcoin acquisition strategy initiated in 2020. The share price has nearly doubled since it was valued at $118 in early September when Bitcoin was priced around $56,000. As of now, Bitcoin's price has climbed 20% to about $67,600. MicroStrategy has become a Bitcoin-focused entity, holding 252,220 Bitcoin valued at approximately $17 billion, more than 1% of all Bitcoin that will be mined. The company has leveraged equity and debt to finance Bitcoin purchases, and analysts view it as a leveraged Bitcoin equity strategy to attract traditional finance investments into cryptocurrency. Bernstein analysts recently rated MicroStrategy as 'Outperform' with a price target of $290. Despite these developments, there are skeptics like Peter Schiff, who contend that MicroStrategy's stock is overvalued and predict a potential reversal in its valuation.

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