CLearline Capital’s 5 Best Catalyst-Driven Value Stocks to Buy Now

3. MicroStrategy Incorporated (NASDAQ:MSTR)

MicroStrategy Incorporated (NASDAQ:MSTR) has been a huge performer for Clearline Capital this year, gaining 88%. The fund first took a position in the data analytics software company back in 2017 and raised the size of its position by another 56% during Q3.

However, it’s not the company’s software, but rather its recent move to push the majority of its cash holdings into bitcoin that has made the company more valuable and piqued investors’ interest. The company’s $425 million Q3 purchase of 38,250 BTC has already made the company hundreds of millions of dollars, with the price of BTC up by over 50% since the company’s investment. A few days ago, short seller Citron Research, which is also long BTC, said MicroStrategy is now the best way to play bitcoin on the stock market, suggesting MSTR shares could hit $700 if BTC hits $50,000 (granted, that’s a somewhat big if).