Shares of MicroStrategy Inc. looked set to extend their bounce on Monday, after Benchmark analyst Mark Palmer raised his price target to the highest on Wall Street, saying the ability of the company to create shareholder value through its bitcoin purchases is being undervalued.

MicroStrategy shares jumped in early Monday trading as bitcoin prices continue to test the $100,000 mark and a pair of Wall Street analysts boosted their price targets on the world's biggest holder of the world's biggest cryptocurrency.

KEY TAKEAWAYS Shares in MicroStrategy, the largest corporate holder of Bitcoin, are jumping Monday in premarket trading, as the cryptocurrency trades near the $100,000 mark for the first time.MicroStrategy ramped up acquisitions of the token this year—especially following Donald Trump’s November 5 election victory—as investors bet on a

MicroStrategy continues to add bitcoin to its balance sheet, buying another $5 billion worth of the token last week.

MicroStrategy (NASDAQ:MSTR) bought ~55,500 more bitcoins for ~$5.4B in the week of Nov. 18-24, an ~17% increase in its bitcoin holdings, the company disclosed in a fil

Analysts hoist price targets for MicroStrategy stock as the company continues its bitcoin buying spree. Bitcoin holds near $100,000.

Shares of MicroStrategy Inc. ($MSTR) surged over 5% pre-market on Monday, extending last week’s rally where the stock gained 22%. The enterprise software company, now synonymous with its aggressive Bitcoin ($BTC.