MicroStrategy (MSTR) stock took off on Friday, rising by over 15% as co-founder and executive chairman Michael Saylor told Bernstein analysts the company is currently aiming for a $1 trillion valuation as a bitcoin (BTC-USD) bank. Bernstein has an Outperform rating on MicroStrategy with a $290 per share price target.

Julie Hyman and Josh Lipton report more on Saylor's comments.

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This post was written by Luke Carberry Mogan.