MicroStrategy overtakes Microsoft in all-time stock gains as Bitcoin bet pays off
MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.
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MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.
Tesla’s massive Bitcoin transfers initially sparked fears of a market dump, but Arkham’s data suggests the assets are still under the firm’s control.
Bitcoin bull Michael Saylor previously said without Bitcoin self-custody, custodians would accumulate too much power which they could then abuse.
Benchmark analyst Mark Palmer has raised his price target for MSTR stock to $245 per share from $215.
The fund touts leveraged exposure to Bitcoin and gold as investors brace for inflation and geopolitical strife.
MicroStrategy is up over 1,500% since 2020, while the S&P 500 index rose just over 111% during the same four-year period.
Crypto exchange Coinbase and Bitcoin miners CleanSpark and IREN closed Oct. 14 with double-digit percentage gains and continued to climb after the bell.
Bitcoin’s monthly close could reverse a 6-month-long downtrend and signal traders’ intent to push BTC price to new highs.
Cryptocurrency ETFs saw inflows exceeding $20 billion in 2024, according to Morningstar.
The ETFs add leverage to Microstrategy’s already levered-up Bitcoin strategy. Investors can’t seem to get enough.
