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Qadir AK
Qadir AK
Author
Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.
- Nov 12, 2024 07:27 UTC
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MicroStrategy Stock Hits 24-Year High with $24.2 Billion Bitcoin Holdings
MicroStrategy's investment in Bitcoin has contributed to its stock price surge and increased its valuation to $68 billion.
The company's strategic shift towards Bitcoin as a primary treasury asset aligns with the cryptocurrency's growing market value.
MicroStrategy's success may inspire other corporations to follow suit.
Since Donald Trump’s re-election last week, Bitcoin (BTC) has reached new heights, surpassing $87,000 and hitting a historic peak of $87,293. This surge has also driven shares of business intelligence giant MicroStrategy (MSTR) to a record high of $341 — a remarkable 25% jump in just one trading session.
This marks the first time in 24 years that MicroStrategy’s stock has reached such a high, signaling a major turnaround for the company. In the late ’90s, during the dot-com boom, MicroStrategy’s stock collapsed after it had to restate earnings.
Back then, CEO Michael Saylor lost $6 billion in a single day. Since then, the company has transformed its business and its financial future.
MicroStrategy Hits 24-Year Stock High
In 2020, MicroStrategy made a bold decision to adopt Bitcoin as its primary treasury reserve asset. Every year since, the company has steadily increased its Bitcoin holdings as a strategic investment. This move has played a key role in the company’s current $68 billion valuation, positioning it ahead of major global companies like Equinor, Porsche, Royal Caribbean, and Mizuho Financial Group.
Yet Another Big Move
Earlier today, MicroStrategy invested another $2 billion into Bitcoin, bringing its total holdings to an impressive $24.2 billion. This aggressive strategy shows the company’s commitment to capitalizing on Bitcoin’s value, especially as the cryptocurrency market gains renewed attention and confidence following recent political developments.
Crypto Market Impact
MicroStrategy’s strategy has paid off, with its stock rising alongside Bitcoin’s increase. This success has drawn attention to the cryptocurrency market, strengthening the financial position of companies like MicroStrategy that hold significant Bitcoin reserves. As Bitcoin’s price continues to climb, MicroStrategy’s approach may encourage other companies to include digital assets in their portfolios, reinforcing Bitcoin’s role as a store of value.
MicroStrategy’s strategy of heavily investing in Bitcoin is changing how companies think about their financial futures.
Will MicroStrategy’s buying spree continue? It seems the year 2025 will be an exciting year for both Bitcoin and MSTR as political and regulatory problems are sorted.
Yes 
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