• Advertise with us
  • Pricing
  • Submit News
Instagram Twitter Facebook Telegram Youtube Linkedin
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
  • News
    • Price Analysis

    Main News

    • Crypto News
    • Bitcoin and BTC
    • Altcoin News
    • Security & Hacks
    • ICO & Token Sales
    • Interviews & Profiles

    Information

    • Press Release
    • Research Report
    • Regulations, Law & Policy
    • Community/Guest Post
    • Events & Conferences
    • Tutorials & Guides

    Market

    • Technical Analysis
    • Price Analysis
    • Cryptocurrency Price Prediction
    • DeFi (Decentralized Finance)
    • Mining & Staking

    Other Categories

    • NFTs & Digital Art
    • Opinion & Editorials
    • Tech Innovations
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
More
  • News
    • Price Analysis
  • Cryptocurrencies
    • Coin Ranking
    • Trending
    • EDA Token
  • Exchanges
    • Spot
    • Derivatives
    • DEX
    • EDA Plantation
  • Verification Centre
    • Rug Pull Check
    • Blockchain Ecosystem
    • EDA Token
  • MarketPlaces
    • NFT Marketplace
    • Digital Literature
    • Digital Mall
    • P2P Market
    • Metaverse
  • EDA Academy
Reading: MicroStrategy Stock Hits 24-Year High Fueling $24.2 Billion Bitcoin Holdings
Share
Sign In
EdaFace Newsfeed
EdaFace Newsfeed EdaFace
EdaFace Newsfeed > Latest News > Crypto News > MicroStrategy Stock Hits 24-Year High Fueling $24.2 Billion Bitcoin Holdings
Crypto News

MicroStrategy Stock Hits 24-Year High Fueling $24.2 Billion Bitcoin Holdings

vitalclick
Last updated: November 12, 2024 8:28 am
4 months ago
Share
SHARE

Contents
MicroStrategy Hits 24-Year Stock High$2 Billion Bitcoin Purchase Boosts Holdings

The Trillion-Dollar Bet of Microstrategy! Since Donald Trump’s re-election last week, Bitcoin (BTC) has been setting unprecedented highs, now trading above $87,000, marking a historic peak of $87,293. This upward momentum has also propelled shares of business intelligence giant MicroStrategy (MSTR) to a new record high of $341, a remarkable 25% increase in a single trading session.

This surge marks the first time in 24 years that MicroStrategy’s stock has reached such heights, a resurgence from its boom-and-bust days during the late 90s dot-com era when its shares collapsed following a restatement of earnings. 

Microstrategy has started this new trend and looks like it will be followed by big bulls soon. 

MicroStrategy Hits 24-Year Stock High

Michael Saylor, the former CEO, notably lost $6 billion in a single day during that period. MicroStrategy’s rise in recent years has been dramatic. The company strategically shifted its business model in 2020 by embracing Bitcoin as its primary treasury reserve asset, essentially adding more Bitcoin every year as a business investment. This bold move has contributed significantly to its current $68 billion valuation, which now places it ahead of major corporations like Equinor, Porsche, Royal Caribbean, and Mizuho Financial Group.

$2 Billion Bitcoin Purchase Boosts Holdings

Earlier today, MicroStrategy announced another significant investment in Bitcoin, adding $2 billion to its holdings, which now total an impressive $24.2 billion. This aggressive acquisition strategy reflects MicroStrategy’s commitment to leveraging Bitcoin’s value, especially as the cryptocurrency market gains renewed attention and confidence following the election outcome. The firm’s strategy appears to be paying off, as its stock value climbs alongside Bitcoin’s surge, solidifying its position as one of the most prominent corporate Bitcoin holders globally.

The recent surge in Bitcoin’s value has boosted interest in the cryptocurrency, strengthening the financial position of companies like MicroStrategy that have made substantial investments in it. As Bitcoin’s price continues to climb, MicroStrategy’s approach may inspire more corporations to include digital assets in their portfolios, reinforcing Bitcoin’s status as a store of value. 

This powerful combination of Bitcoin’s record-breaking rise and MicroStrategy’s success highlights the expanding role of cryptocurrency within the broader financial market.

Will MicroStrategy’s buying spree continue? It seems the year 2025 will be an exciting year for both Bitcoin and MSTR as political and regulatory problems are sorted. 

You Might Also Like

SEC Drops Case Against Crypto Firms – A Win for DeFi & Blockchain Innovation

Bitcoin Breaks $97k, XRP Gains 6% Amid Regulatory Changes

Mobility Continues in the Cryptocurrency Market! Bitcoin Touched 68 Thousand Dollars Again!

XRP Price Prediction For January 12

Are We Entering a New Bullish Era?

TAGGED:CryptoNews
Share This Article
Facebook Twitter Email Print
Previous Article Dogecoin Surges 89% Past $0.25 and Crypto All Stars Could be the Next 100X Meme Coin
Next Article Former Football Player Earned 21 Million Dollars with Bitcoin Miracle! How Did He Do It?
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Crypto Live Widget

Follow for Live Updates
Subscribe to our newslettern

Get Newest Articles Instantly!

- Advertisement -
Ad imageAd image
Popular News
Cryptocurrency Regulation in Russia : Blockchain Development
Current Cryptocurrency Regulations in India
Explore Cryptocurrency Regulation in South Korea
2 Altcoins Win Trial
Claimed Bitcoin Inventor Craig Wright Gets Shocked in Court! His Assets Are Frozen

Company

  • Vision
  • Mission
  • LitePaper
  • Whitepaper
  • Core Values
  • Branding
  • Teams
  • Career Listing
  • FAQ
  • Welfare Donations

Products

  • EDA Token
  • Blockchain Literature
  • EdaFace Dex
  • EdaFace Mall
  • Listing Platforms
  • Newsfeed
  • NFT Marketplace
  • P2P Market
  • Scam Verification Centre
  • School of Crypto

Legal

  • Term of Use
  • Privacy Policy
  • Disclaimer
  • Listing T&C
  • Listing Platforms
  • Eda Token Policy

Always Stay Up to Date

Subscribe to our newsletter to get our newest articles instantly!

EdaFace

About US

EdaFace is a user interface aggregator that brings all the various functionalities of the crypto industry onto a single platform! You can advertise, launch and crowdfund your crypto project via EdaFace Launchpad and Newsfeed.

Contact us: support@edaface.com

Follow us

Instagram Twitter Facebook Telegram Youtube Linkedin

Copyright © 2022 – 2024. EdaFace is a product of Emerging Digital Age (EDA) Pty Ltd. All Rights Reserved.

Join Us!
Subscribe to our newsletter and never miss our latest news, podcasts etc..

Zero spam, Unsubscribe at any time.
EdaFace
Welcome Back!

Sign in to your account

Lost your password?