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.
Benchmark analyst Mark Palmer has raised his price target for MSTR stock to $245 per share from $215.
MicroStrategy is up over 1,500% since 2020, while the S&P 500 index rose just over 111% during the same four-year period.
Vitalik Buterin has donated $884,000 to charities over the last ten days as memecoiners continue to send tokens to his wallet.
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.
The proliferation of institutional Bitcoin custodians creates opportunities for MicroStrategy, according to a Benchmark analyst.
They follow Defiance ETF’s launch of a 1.75x leveraged MSTR ETF in August.
The proceeds will be used to pay off $500 million in existing debt and to purchase more Bitcoin. MicroStrategy currently holds 244,800 BTC.
South Korea’s public pension fund has just upped its crypto exposure further, buying tens of thousands of shares in MicroStrategy.
