MicroStrategy (MSTR), which recently changed its name to “Strategy,” has launched itsnew convertible preferred stock on the Nasdaq stock

Valued at a market cap of $80.7 billion, MicroStrategy (MSTR) provides enterprise software solutions. However, the tech company is also the largest institutional holder of Bitcoin (BTCUSD), which means the performance of MSTR stock is tied to BTC prices.

We recently published a list of 15 Hot Tech Stocks to Buy Right Now. In this article, we are going to take a look at where MicroStrategy Inc. (NASDAQ:MSTR) stands against other hot tech stocks to buy right now.

The company announced in its last earnings report a plan to raise $42 billion to buy bitcoin in three years. It’s already spent nearly half of that.

The company, the world’s largest corporate Bitcoin holder, issued the shares as part of a strategy to diversify its funding sources as it continues to buy the cryptocurrency.