- MicroStrategy overtakes tech giants to secure a spot among the top 100 companies.
- MSTR stock prices rise by double-digits.
As a seasoned crypto investor with a knack for spotting trends and a penchant for taking calculated risks, I must admit that MicroStrategy’s strategic Bitcoin investments have left me quite impressed. The company’s bold move to acquire $4.6 billion worth of BTC and the subsequent surge in its stock price not only solidified its position among the top 100 publicly listed companies but also sparked a flurry of trading activity that eclipsed even Tesla and Nvidia!
MicroStrategy (MSTR) has firmly established itself within the top 100 publicly traded companies in the US market, with its branding as the “pioneer of Bitcoin development” proving to be a smart move. The company’s shrewd investments are reaping substantial benefits.
According to AMBCrypto, MicroStrategy just splurged a massive $4.6 billion on Bitcoin (BTC), marking a significant acquisition.
As someone who has worked in the financial industry for over a decade, I have seen my fair share of market fluctuations and investor demand. However, the situation with the recent purchase I made was truly remarkable. It happened to coincide with the announcement of $1.75 billion in convertible notes by the company. To be honest, this figure initially caught my attention. But two days later, the demand for these notes had swelled to an astounding $2.6 billion due to overwhelming interest from investors. This is a testament to the company’s strong financial position and market appeal. As an investor myself, I find it fascinating to witness such a rapid increase in investor demand, especially in today’s economic climate. It serves as a reminder that the stock market can be unpredictable, but also incredibly rewarding for those who are willing to take calculated risks.
The action has not just triggered an extraordinary increase in the company’s share price, but it has also pushed MicroStrategy’s market worth past tech titans such as Intel and Dell.
MicroStrategy dominates trading activity
As a crypto investor, I found it fascinating to see how MicroStrategy’s daring decisions extended far beyond just an increase in stock price. In fact, Eric Balchunas, a senior ETF analyst at Bloomberg, pointed out on Twitter that MicroStrategy (MSTR) surpassed trading activity not only in Tesla and Nvidia but even became the most actively traded stock itself.
He remarked,
“It’s been years since a stock has traded more than one of those two. Wild times.”
Translated into simpler language: Measured in U.S. dollars, Microsoft’s (MSTR) trading volume exceeded that of SPY, a well-known global exchange-traded fund.
A record-breaking day for Bitcoin markets
The ripple effect of MicroStrategy’s actions also resonated in the broader Bitcoin market. Balchunas further noted that the Bitcoin Industrial Complex set a new record with $50 billion in volume.
This figure was comparable to the average daily volume (ADV) of the entire UK stock market. The analyst revealed that MSTR alone accounted for $32 billion.
Additionally, MicroStrategy-linked ETFs like MSTU and MSTX have accumulated an extra $6 billion, surpassing the total investment in all physically-backed Bitcoin ETFs.
MSTR to 400K BTC?
As a crypto investor, I’m observing a promising trend: it seems like the firm’s Bitcoin holdings are steadily increasing. Nate Geraci, President of The ETF Store, highlights an important point in this context – the limited supply of Bitcoin, which adds weight to the potential growth of its value.
Approximately 20 million Bitcoins have already been mined, with a total cap of only 21 million. Notably, it’s estimated that around 4-5 million Bitcoins are no longer recoverable, while approximately 1 million Bitcoins are believed to be in the possession of Satoshi Nakamoto, the creator of Bitcoin.
Additionally, it was mentioned that approximately 1 million more units are held by exchange-traded funds (ETFs) focusing on spots. Given the limited supply and distribution limitations of this asset, the executive pointed out.
“MSTR on its way to 400k btc. Not a price prediction, but there’s only so much to go around.”
MicroStrategy’s Bitcoin holdings soar
It’s important to mention that as of the current news update, MicroStrategy owns approximately $31.51 billion worth of Bitcoin. This is based on 12 separate acquisitions they made throughout the year 2024, as tracked by Saylor Tracker.
From my perspective as a crypto investor, according to Yahoo Finance, by the end of market hours, MicroStrategy’s shares were valued at $473.83, marking a 10.05% rise. However, during post-market trading, the stock saw an additional boost, reaching $489.32, which represents a further 3.27% increase.
Read Bitcoin’s [BTC] Price Prediction 2024-25
Due to a massive increase of around 650% in its share price since January, it seems clear that MicroStrategy’s strategic investments in Bitcoin have propelled them into the top tier of financial market pioneers. This move highlights the expanding impact of Bitcoin within traditional financial systems.
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2024-11-21 14:16