Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Credit

<ul><li>MicroStrategy Incorporated continues to position itself as a leading corporate Bitcoin treasury company with a substantial accumulation of Bitcoin, holding 713,502 Bitcoins at the end of 2025, representing approximately 3.4% of all Bitcoin projected to ever exist.</li><li>Over the year, the company acquired about 225,000 Bitcoin, increasing its holdings from 447,000 to over 672,000 from 2024 to 2025, with an average acquisition cost of approximately $76,000 per Bitcoin.</li><li>MicroStrategy’s strategy remains focused on systematically increasing Bitcoin per share and compounding long-term shareholder value, regardless of short-term price volatility.</li></ul>

MicroStrategy Incorporated continues to position itself as a leading corporate Bitcoin treasury company with a substantial accumulation of Bitcoin, holding 713,502 Bitcoins at the end of 2025, representing approximately 3.4% of all Bitcoin projected to ever exist.Over the year, the company acquired about 225,000 Bitcoin, increasing its holdings from 447,000 to over 672,000 from 2024 to 2025, with an average acquisition cost of approximately $76,000 per Bitcoin.MicroStrategy’s strategy remains focused on systematically increasing Bitcoin per share and compounding long-term shareholder value, regardless of short-term price volatility.

MicroStrategy: Reinventing Digital Credit Through STRC Stability and Yield Discipline!