Analyst predicts 35% upside for Saylor's Strategy

Last week, Michael Saylor-led Strategy (Nasdaq: MSTR) bought Bitcoin (BTC) for the first time since late August. The company purchased 950 BTC for approximately $75.7 million during Sept. 14-20. The total stack of 846,000 coins cost it roughly $63.8 billion. Related: 2011 Bitcoin wallet wakes up holding millions Strategy sitting on $9B unrealized profit on Bitcoin holdings When Bitcoin's price fell below $60,000 in late June, Strategy was sitting on an unrealized loss of around $13 billion on its record BTC holdings of 847,363 coins back then. With Bitcoin currently trading above $86,000, the company is now sitting on an unrealized gain of approximately $9 billion.