5 Best NASDAQ Stocks with the Highest Upside Potential

3. Strategy Inc. (NASDAQ:MSTR)

Average Upside Potential: 48.90%

Strategy Inc. (NASDAQ:MSTR) is one of the best NASDAQ stocks with the highest upside potential. On April 20, Strategy executed its largest Bitcoin acquisition since late 2024, purchasing $2.54 billion of the cryptocurrency during the week ended April 19. This aggressive buy was primarily funded by the sale of $2.18 billion in “Stretch”/STRC perpetual preferred shares, with the remaining balance covered by common stock sales. This move brings Strategy’s total Bitcoin holdings to ~$61 billion.

The company’s shift toward preferred shares marks a strategic pivot to address growing concerns over shareholder dilution. Historically, Strategy relied on common stock sales to use the premium between its share price and its Bitcoin holdings. However, with that premium evaporating following Bitcoin’s decline from its October record highs, the company debuted variable-rate preferred issues to diversify its funding sources. While these preferred shares avoid immediate dilution, they carry a significant 11.5% dividend, adding to the firm’s debt burden.

To manage this burden and maintain investor interest, Strategy Inc. (NASDAQ:MSTR) proposed switching to a semi-monthly dividend for STRC shares to help them trade at par and attract retail buyers. This financial maneuvering comes as Bitcoin shows signs of recovery, recently touching a two-month high near $78,000. Despite a 30% rally in Strategy’s stock last week, the shares remain down about 48% over the past year, reflecting the ongoing volatility and defensive posture currently seen in the broader crypto markets.

Strategy Inc. (NASDAQ:MSTR) is a publicly traded U.S. technology and Bitcoin treasury company that offers AI‑powered enterprise analytics software while holding Bitcoin as its primary treasury asset, providing investors with diversified exposure and business intelligence solutions.