Two big Bitcoin catalysts could drive MicroStrategy stock higher, says TD Cowen.

But Vitanza, who attended MicroStrategy’s World 2024 user forum in Las Vegas last week, said customers had given quite a bit of positive feedback about the company’s legacy software business, which was founded long before Saylor forced the company to buy billions of dollars in bitcoin. He said he received it. “This has caused us to reconsider the potential upside to our operating business,” he wrote.