As a seasoned researcher with a keen eye for trends and a knack for deciphering market signals, I find myself intrigued by MicroStrategy’s meteoric rise. Over the past few years, I’ve witnessed numerous companies come and go, but none have captivated my attention quite like this one.
Since 2020, MicroStrategy’s stock has surpassed the performance of all companies within the S&P 500 index, sparking anticipation in the market for sustained optimistic movement.
Over the last four years, shares from MicroStrategy have experienced substantial increase, as reported by on-chain intelligence company Arkham.
The intelligence firm wrote in an Oct. 14 X post:
“Microstrategy has outperformed every company in the S&P 500 since August 2020.”
Approximately three weeks ago, the net assets of MicroStrategy’s leveraged exchange-traded funds (ETFs) surpassed $400 million. This growth was primarily fueled by retail investors’ interest in gaining leveraged exposure to Bitcoin (BTC), as reported by CryptoMoon on September 27th.
MicroStrategy is one of the first publicly traded companies to hold Bitcoin on its balance sheet.
MicroStrategy headed for more upside momentum — Analyst
As a crypto investor, I’m excited about the potential for MicroStrategy stock to keep climbing based on the analysis by renowned crypto expert, Tyler Durden.
In an Oct. 16 X post, Durden shared the chart below and stated:
“The secret Wall Street doesn’t want you to know is – the bigger the grey box, the bigger the bounce.”
The expert’s assessment implies a potential further increase in the value of MicroStrategy shares. Over the last four years, MicroStrategy’s price has skyrocketed over 1,540% compared to the S&P 500’s modest growth of 111%, as reported by Nasdaq and Vantage data.
MicroStrategy S&P 500 unlikely anytime soon
Although MicroStrategy has been performing well, it seems that adding the company to the S&P 500 index won’t happen anytime soon based on opinions from market participants.
It appears that Seoyoung Kim, an associate professor of finance at Santa Clara University’s Leavey School of Business, indicated that it is unlikely that a listing on the S&P 500 will occur in the immediate future when speaking to CryptoMoon.
For MicroStrategy, it’s troubling that only companies that have reported profits in the latest year and quarter are eligible for inclusion in the S&P 500 index.
As stated by Kim, “MicroStrategy’s earnings have mostly been in the red,” except for the final quarter of 2023, during which they were not sufficient to result in a total positive net income.
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2024-10-16 14:53