As a seasoned investor with a knack for spotting unconventional yet profitable opportunities, I’ve been closely following MicroStrategy’s bold foray into Bitcoin. Having witnessed the meteoric rise of tech stocks and the cryptocurrency market, I can confidently say that MicroStrategy’s strategy under Michael Saylor has been nothing short of revolutionary.
MicroStrategy’s (MSTR) substantial investment in Bitcoin (BTC) has accumulated approximately $17 billion in potential gains as per the data provided by MSTR Tracker.
Since 2020, the software firm MicroStrategy, under the guidance of its founder Michael Saylor, has adopted an unusual approach for managing corporate funds by investing over $23 billion in Bitcoin. This information is derived from MSTR Tracker, a database that monitors MicroStrategy’s transactions.
As a researcher, I’m thrilled to report that my investments have proven fruitful. On the 4th of December, Bitcoin (BTC) reached an unprecedented milestone, surpassing $100,000 per coin for the first time ever in its history. This significant spike has elevated MicroStrategy’s Bitcoin treasury to a staggering value of over $40 billion, as evidenced by the data available.
Top performing stock
MicroStrategy’s stocks have surpassed Bitcoin’s spot price in terms of performance this year. As of now, MicroStrategy shares have increased by over 475%, which is higher than almost every stock in the S&P 500, as indicated by data from Google Finance and Slickcharts.
By December 5th, MicroStrategy’s market capitalization was around $92 billion, which is over twice the value of its Bitcoin holdings.
Experts predict that the stock will continue to increase in value due to MicroStrategy’s increased purchases of Bitcoin. As of December 5th, it is reported by MSTR Tracker that the company owns approximately 400,000 Bitcoins.
On November 25th, I learned from CryptoMoon that Benchmark fintech analyst Mark Palmer upped his price prediction for MSTR from $450 to an impressive $650 per share. At the moment, the stock is hovering around $394 per share, as per Google Finance. This intriguing news has certainly piqued my interest!
More Bitcoin buys
On its August 1st earnings conference, MicroStrategy reinforced its Bitcoin investment strategy by setting a distinctive benchmark: Bitcoin returns or yield.
A Bitcoin yield can be seen as a comparison between the amount of Bitcoins held and the total number of issued shares. In essence, it establishes the value of one share in terms of Bitcoins, serving as a benchmark for a company’s performance.
On October 30th, the company announced their intention to gather approximately $42 billion, half from equity sales and the other half from taking on debt, in order to execute a three-year investment plan worth billions for purchasing Bitcoin. This plan, known as the “21/21 Plan,” was so named due to the $21 billion allocated for each component.
According to Palmer, MicroStrategy’s unconventional approach has garnered criticism from some, but its significant influence on the company’s share price makes a strong case for it. In fact, over the past four and a half years, MicroStrategy’s stock has consistently outperformed that of nearly every large U.S. company.
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2024-12-05 22:43