The stock performance of Microstrategy increases steeply in the course of the Bitcoin rally
The stock performance of Microstrategy increases steeply in the course of the Bitcoin rally

- Due to the company's considerable Bitcoin stocks, the Microstrategy share exceeded the large technology values and recently rose by 15 %.
- the share price of Microstrategy has risen by 135 % since the beginning of 2024, driven by Bitcoin's rally.
- The company announced a shareholding of 10: 1 with effect from August 1st in order to make the shares more accessible.
- Michael Saylor attributes the success of Microstrategy to the aggressive takeover of bitcoins and the company has 226,331 bitcoins worth $ 7.538 billion.
Microstrategy, led by Michael Saylor, has recently received considerable attention lately with his aggressive Bitcoin investment strategy, which has led to remarkable financial income. Until July 17, 2024, the Microstrategy share has exceeded large technology giants such as Tesla, Nvidia and Microsoft, which is mainly due to the considerable Bitcoin stocks. Therefore, the share price reflects the movement of Bitcoin and has recovered from the latest low -levels of $ 1,207 to a closing price of $ 1,794 at today's IPO. The latest increase runs parallel to the Bitcoin increase of $ 53,500 in the same period to $ 67,605 at the time of writing.
Microstrategys Strategic Bitcoin The accumulation has proven to be extremely lucrative. The company holds $ 226,331 Bitcoin worth around $ 7.54 billion. This considerable inventory has led to an increase in Microstrategy's share price by 1,203 %since August 10, 2020 and thus exceeded the growth of Nvidia (1,050 %) and Tesla (167 %) in the same period. The company's impressive growth curve continued in 2024, with an increase in stock price by 135 % since the beginning of the year, compared to the increase in Bitcoin by 44 %.
An essential aspect of the success of Microstrategy is the ability to obtain funds for buying further bitcoins through bonds. In June 2024, the company expanded a bond from $ 700 million to finance further Bitcoin purchases. This strategy has paid off, as evidenced by the company's share performance and the increasing value of its Bitcoin stocks.
Michael Saylor has loudly commented on the advantages of introducing a Bitcoin standard. He recently tweeted a diagram that highlights the course increase of Microstrategy by 1.203 % since the introduction of Bitcoin and asked other companies to consider a similar approach. Saylor's firm belief in the potential of Bitcoin is shown in his continuous entry for cryptocurrency as a superior investment.
The share split of Microstrategy planned for August 1st in a ratio of 10: 1 is another strategic step to expand the investor base. The aim of this measure is to make MSTR shares more accessible and affordable and potentially attract more investors who benefit from the company's Bitcoin-centered strategy. The performance of the company and Michael Saylors strong attitude towards Bitcoin underline the transformative potential of integrating cryptocurrencies in corporate strategies. Companies like Microstrategy continue to set standards for the use of digital assets to increase growth and shareholder value while the market is developing.
Source: Coinlist.me
Kommentare (0)