Summary
TLDR: MicroStrategy’s stock is booming as they continue to buy Bitcoin, with their stock price up 106% for the month. They now hold more Bitcoin than any other publicly traded company, with over $14.8 billion worth. The company’s co-founder believes Bitcoin will eventually surpass gold as an investment and considers MicroStrategy a “Bitcoin development company.”
Key Points
1. MicroStrategy’s stock price has surged by nearly 14% in a single day, reaching as high as $1,610 per share, representing a 106% increase for the month.
2. The company’s decision to invest in Bitcoin back in 2020 has proven to be highly lucrative, with the price of Bitcoin on its balance sheet increasing by over 912%.
3. MicroStrategy now holds more Bitcoin than any other publicly traded company, with a digital gold holding of over $14.8 billion, surpassing BlackRock’s Bitcoin ETF holdings.