{"id":644944,"date":"2024-09-27T12:30:33","date_gmt":"2024-09-27T12:30:33","guid":{"rendered":"https:\/\/uniquehot.com\/?p=644944"},"modified":"2024-09-27T05:38:42","modified_gmt":"2024-09-27T05:38:42","slug":"microstrategy-bitcoin-stock-317","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin\/microstrategy-bitcoin-stock-317\/","title":{"rendered":"MicroStrategy\u2019s Bitcoin Bet Pays Off In Multiple Ways As Stock Surges 317%"},"content":{"rendered":"

MicroStrategy was shot into the limelight when it began publicly buying Bitcoin back in 2020. While it is not the only publicly listed company to do this, the company\u2019s aggressive Bitcoin strategy set it apart from the rest. Four years later, MicroStrategy is now the public company with the largest BTC holdings in the world<\/a>, recording over $5 billion in profit so far. However, the profit on the BTC holdings is not the only positive that has come from the company\u2019s Bitcoin investment strategy.<\/p>\n

MicroStrategy\u2019s Stock Price Blows Up<\/h2>\n

MicroStrategy\u2019s MSTR stock price has completed an incredibly successful year that has seen it perform the big hitters in the stock market. A year ago, the MSTR stock price was sitting at a low of $45. However, as the Bitcoin price recovered and the company\u2019s BTC portfolio grew<\/a>, so did the company\u2019s stock price.<\/p>\n

Related Reading: Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again<\/a><\/div>\n

In only one year, the price surged more than 317% to reach a new all-time high of $192 back in March 2024, according to data<\/a> from TradingView. This put it above its previous February 2000 peak of $139, making it its highest level in more than two decades. Interestingly, the surge to the $192 all-time high in March coincided with the the Bitcoin all-tine high of $73,750 in the same month.<\/p>\n

This suggests that the MicroStrategy stock price<\/a> is closely correlated with the Bitcoin price performance. It\u2019s understandable given that Bitcoin has become the company\u2019s largest holdings, meaning that as the Bitcoin price rises, so does the valuation of the company, translating to an increase in the stock price.<\/p>\n

Currently sitting at $167 at the time of this writing, meaning it\u2019s 16% down from its $192 all-time high. However, it is still 250% higher than its $45 price level a year ago. This puts it ahead of the likes of Apple which is up only 24% year to date and Amazon, with a 34% year-to-date increase. Even NVIDIA\u2019s outstanding performance falls behind MicroStrategy, with a 155% year-to-date increase.<\/p>\n

Padding Up With Bitcoin<\/h2>\n

Despite being four years in, MicroStrategy is not letting up on its Bitcoin purchases, with major purchases this year. In 2024 alone, the company has bought 63,079 BTC which cost around $4.04 billion to acquire. The most recent purchase was on September 20, when former CEO Michael Saylor announced that the company had purchased 7,420 BTC for $489 million. This has brought the company\u2019s total BTC holdings to 252,200<\/a> for a whopping cost price of $9.9 billion.<\/p>\n

Related Reading: Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First?<\/a><\/div>\n

Despite the already massive Bitcoin holding, accounting for more than 1.166% of the total supply, MicroStrategy plans to continue buying BTC.\u00a0The company announced it was\u00a0<\/span>offering $700 million in convertible notes<\/a>, which was later amended to $1 billion, the proceeds of which would be used to purchase more BTC.<\/span><\/p>\n

As for the company\u2019s plan for its massive BTC stash, Saylor has previously revealed<\/a> that the company has no plans of selling soon. For now, the plan looks to be to buy as much BTC<\/a> as possible to hold as a treasury asset.<\/p>\n

\"Bitcoin
BTC price creating support above $65,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n
Featured image created with Dall.E, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"

MicroStrategy was shot into the limelight when it began publicly buying Bitcoin back in 2020. While it is not the only publicly listed company to do this, the company\u2019s aggressive Bitcoin strategy set it apart from the rest. Four years later, MicroStrategy is now the public company with the largest BTC holdings in the world, recording over $5 billion in profit so far. However, the profit on the BTC holdings is not the only positive that has come from the company\u2019s Bitcoin investment strategy. MicroStrategy\u2019s Stock Price Blows Up MicroStrategy\u2019s MSTR stock price has completed an incredibly successful year that has seen it perform the big hitters in the stock market. A year ago, the MSTR stock price was sitting at a low of $45. However, as the Bitcoin price recovered and the company\u2019s BTC portfolio grew, so did the company\u2019s stock price. Related Reading: Crypto Analyst Predicts What Will Drive The Ethereum Price Back Above $3,000 Again In only one year, the price surged more than 317% to reach a new all-time high of $192 back in March 2024, according to data from TradingView. This put it above its previous February 2000 peak of $139, making it its highest level in more than two decades. Interestingly, the surge to the $192 all-time high in March coincided with the the Bitcoin all-tine high of $73,750 in the same month. This suggests that the MicroStrategy stock price is closely correlated with the Bitcoin price performance. It\u2019s understandable given that Bitcoin has become the company\u2019s largest holdings, meaning that as the Bitcoin price rises, so does the valuation of the company, translating to an increase in the stock price. Currently sitting at $167 at the time of this writing, meaning it\u2019s 16% down from its $192 all-time high. However, it is still 250% higher than its $45 price level a year ago. This puts it ahead of the likes of Apple which is up only 24% year to date and Amazon, with a 34% year-to-date increase. Even NVIDIA\u2019s outstanding performance falls behind MicroStrategy, with a 155% year-to-date increase. Padding Up With Bitcoin Despite being four years in, MicroStrategy is not letting up on its Bitcoin purchases, with major purchases this year. In 2024 alone, the company has bought 63,079 BTC which cost around $4.04 billion to acquire. The most recent purchase was on September 20, when former CEO Michael Saylor announced that the company had purchased 7,420 BTC for $489 million. This has brought the company\u2019s total BTC holdings to 252,200 for a whopping cost price of $9.9 billion. Related Reading: Dogecoin Eyes Bullish 50% Rally To $0.16, But Will A Crash Come First? Despite the already massive Bitcoin holding, accounting for more than 1.166% of the total supply, MicroStrategy plans to continue buying BTC.\u00a0The company announced it was\u00a0offering $700 million in convertible notes, which was later amended to $1 billion, the proceeds of which would be used to purchase more BTC. As for the company\u2019s plan for its massive BTC stash, Saylor has previously revealed that the company has no plans of selling soon. For now, the plan looks to be to buy as much BTC as possible to hold as a treasury asset. Featured image created with Dall.E, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":644945,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651],"tags":[428,656,679,1119,89185,1122,1144,78790,81299,89013,91003,89973,93103],"class_list":["post-644944","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt","tag-microstrategy","tag-microstrategy-bitcoin","tag-microstrategy-btc","tag-microstrategy-news","tag-microstrategy-stock-price"],"acf":[],"yoast_head":"\nMicroStrategy\u2019s Bitcoin Bet Pays Off In Multiple Ways As Stock Surges 317%<\/title>\n<meta name=\"description\" content=\"MicroStrategy was shot into the limelight when 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During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/uniquehot.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"MicroStrategy\u2019s Bitcoin Bet Pays Off In Multiple Ways As Stock Surges 317%","url":"http:\/\/uniquehot.com\/news\/bitcoin\/microstrategy-bitcoin-stock-317\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/uniquehot.com\/news\/bitcoin\/microstrategy-bitcoin-stock-317\/"},"thumbnailUrl":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/MicroStrategy-Bitcoin.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/MicroStrategy-Bitcoin.jpeg?fit=1792%2C1024"},"articleSection":"Bitcoin","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/uniquehot.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt","microstrategy","microstrategy bitcoin","microstrategy btc","microstrategy news","microstrategy stock price"],"dateCreated":"2024-09-27T12:30:33Z","datePublished":"2024-09-27T12:30:33Z","dateModified":"2024-09-27T12:30:33Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"MicroStrategy\\u2019s Bitcoin Bet Pays Off In Multiple Ways As Stock Surges 317%\",\"url\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin\\\/microstrategy-bitcoin-stock-317\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/uniquehot.com\\\/news\\\/bitcoin\\\/microstrategy-bitcoin-stock-317\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/MicroStrategy-Bitcoin.jpeg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2024\\\/09\\\/MicroStrategy-Bitcoin.jpeg?fit=1792%2C1024\"},\"articleSection\":\"Bitcoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/uniquehot.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin news\",\"bitcoin price\",\"btc\",\"btc news\",\"btc price\",\"btcusd\",\"btcusdt\",\"microstrategy\",\"microstrategy bitcoin\",\"microstrategy btc\",\"microstrategy news\",\"microstrategy stock price\"],\"dateCreated\":\"2024-09-27T12:30:33Z\",\"datePublished\":\"2024-09-27T12:30:33Z\",\"dateModified\":\"2024-09-27T12:30:33Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/uniquehot.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/uniquehot.com\/wp-content\/uploads\/2024\/09\/MicroStrategy-Bitcoin.jpeg?fit=1792%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/644944"}],"collection":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/comments?post=644944"}],"version-history":[{"count":1,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/644944\/revisions"}],"predecessor-version":[{"id":644946,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/posts\/644944\/revisions\/644946"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media\/644945"}],"wp:attachment":[{"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/media?parent=644944"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/categories?post=644944"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/uniquehot.com\/wp-json\/wp\/v2\/tags?post=644944"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}