In a surprising twist, MicroStrategy, a top American business intelligence and cloud-based services company, has seen its stock values skyrocket to a 2-year high.
According to NASDAQ, MicroStrategy’s stock (MSTR) not only crossed but comfortably soared past the $500 mark on Black Friday, marking a significant achievement not seen since December 2021 and pushing the New York-based tech-heavy exchange’s market value to a whopping $7.33 billion.
MicroStrategy’s outstanding performance is closely linked to its sizable Bitcoin holdings. As of September 24, the Virginia-based company proudly owned 158,245 Bitcoin tokens, bought for an impressive total of $4.68 billion. This strategic move, led by founder Michael Saylor in August 2020 as a hedge against inflation, has paid off handsomely.
A Beautiful Recovery
The year didn’t start well for MicroStrategy, reporting a quarterly loss. However, the company’s stock price doubled within a month. By April 2023, MicroStrategy’s Bitcoin assets flourished, with the average purchase price dropping to $29,803 per coin after acquiring an additional 1,045 coins, bringing the total count to 140,000.
Despite facing a $24 million Bitcoin impairment charge in its second-quarter earnings, MicroStrategy’s overall profitability bounced back. The company continued its aggressive Bitcoin acquisition strategy, accumulating 152,800 coins valued at approximately $4.4 billion. This strategy proved effective, as the stock of companies tied to Bitcoin outperformed the cryptocurrency itself, which had seen an 87% gain within the year.
The recent November quarterly report painted a less rosy picture, revealing a net loss of $143.4 million, significantly deeper than the $27 million loss during the same period the previous year. Nevertheless, MicroStrategy stayed committed to its Bitcoin strategy, injecting an additional $167 million to purchase 6,067 more coins.
MicroStrategy has solidified its position as one of the largest institutional investors in cryptocurrencies, currently holding approximately 0.75% of all Bitcoin in circulation. In a CNBC interview, Michael Saylor expressed optimism for the next 12 months, predicting a surge in demand against a backdrop of decreasing supply – a scenario he aptly describes as “relatively unprecedented in Wall Street history.”
This optimistic outlook, fueled by a steadfast belief in the potential of Bitcoin, keeps MicroStrategy at the forefront of institutional investment in cryptocurrencies.
As market sentiment shifts and fresh momentum builds across digital assets, June 2025 presents a…
When Bitcoin first emerged, its fixed 21 million supply was mocked. Today, that scarcity has…
Singapore’s financial authority announces that unlicensed crypto firms operating overseas after June 30 will be…
On May 27, 2025, US President’s crypto czar, David Sacks, says there is a pathway…
Hackers used Monero to move stolen Bitcoin, pushing XMR up 24 percent to $269. But…
Pakistan has allocated 2,000 megawatts (MW) of electricity to fuel Bitcoin mining and artificial intelligence…
