As a seasoned researcher with a keen interest in both technology and finance, I can’t help but marvel at MicroStrategy’s meteoric rise. Having closely followed the tech industry for over two decades, I’ve witnessed countless companies rise and fall, but MicroStrategy’s journey is truly exceptional.
On October 25th, MicroStrategy’s investment in Bitcoin proved to be fruitful as the company’s stock experienced a significant surge of over 7%, reaching an impressive 25-year peak at $236.
For the globe’s top Bitcoin holder among corporations, this marked an extension of a six-week surge. Their stock value has now outpaced Microsoft’s, with the tech titan poised to debate a proposition that could lead to the inclusion of Bitcoin (BTC) in their financial holdings.
According to Crypto Coin Coach’s recent post on platform X, they noted that MicroStrategy has reached a fresh record peak due to the upward movement of its share price on October 24th.
“Crushing every company without Bitcoin on their balance sheet.”
MicroStrategy stock overtakes Microsoft in gains
For the last five years, MicroStrategy’s stock has surpassed every other company within the S&P 500 index, leading investors to anticipate further optimistic trends due to its Bitcoin holdings, boosting market speculation.
In the most recent surge, the software company’s shares have surpassed Microsoft’s record-setting stock performance, as demonstrated by the graph provided.
Since its initial public offering on the Nasdaq in 1999, MicroStrategy has significantly outperformed Microsoft. The value of MicroStrategy’s shares has skyrocketed by an impressive 1,570%, whereas Microsoft’s stocks have climbed by about 1,467% in the same US dollar pair over the same period.
In recent years, MicroStrategy’s impressive growth can be traced back to its strategic investment in Bitcoin, making it the world’s largest corporate holder of the digital currency. Under the guidance of CEO Michael Saylor, the company started acquiring and holding Bitcoin in 2020, as revenue from its software business experienced a decline.
Recently, the company bought around 7,420 Bitcoins for about $458.2 million in cash during the period from September 13th to September 19th. This addition now gives them a total of approximately 252,220 Bitcoins, which is currently valued at nearly $17 billion.
This represents over 1% of all the Bitcoin that will ever be mined.
MSTR marches toward $50B market cap
MicroStrategy’s rising stock price is boosting its overall market worth, demonstrating increased interest from investors.
The recent surge in the stock market has brought MicroStrategy’s market capitalization to approximately $43.35 Billion, ranking it as the 477th most valuable company globally by market value based on Companies Market Cap data. This figure is just an 8% difference from reaching a $50 billion market cap valuation.
In 2024, the trading volume of MSTR has been steadily increasing compared to Nvidia (NVDA), peaking at 17.65% of NVDA’s volume in October. This significant level was attained on October 11th, with MicroStrategy recording a trading volume of 30 million shares against Nvidia’s 170 million, as reported by Investing.com.
As a crypto investor, I’ve noticed that MicroStrategy’s net asset value (NAV) has been growing yet again, with Bitcoin prices lingering around $68,000. This premium on the NAV now stands at nearly 3, which is its highest point since early 2021, as per the data from MSTR tracker.
As a crypto investor, I find myself closely watching the surge in market value and trading volumes along with the price rally of MicroStrategy’s stock. These trends may suggest that an extended uptrend could continue for this stock over the upcoming months and years.
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2024-10-25 16:31