MicroStrategy adds another bull to its side, and yes, it’s all about bitcoin - MarketWatch

1. Mizuho analyst initiated coverage with a $515 price target for MSTR. 2. Bitcoin strategy drives most of MSTR's valuation amidst bullish sentiments. 3. MSTR stock rose 0.5% after a six-day losing streak of 15.3%. 4. Correlation between MSTR stock and bitcoin was very high at 0.95. 5. Concerns over dilution are offset by increasing bitcoin per share.