Close Menu
orrao.com
  • Home
  • Business
  • U.S.
  • World
  • Politics
  • Sports
  • Science
  • More
    • Health
    • Entertainment
    • Education
    • Israel at War
    • Life & Trends
    • Russia-Ukraine War
What's Hot

The Dangerous Relationship Between Salmonella and Yeast in Your Gut

October 21, 2025

Maine Lobster Now Lobster Tails Review: Are They Worth It?

October 21, 2025

Social Emotional Learning Strategies For The Classroom

October 20, 2025
Facebook X (Twitter) Instagram
orrao.comorrao.com
  • Home
  • Business
  • U.S.
  • World
  • Politics
  • Sports
  • Science
  • More
    • Health
    • Entertainment
    • Education
    • Israel at War
    • Life & Trends
    • Russia-Ukraine War
Subscribe
orrao.com
Home»Business»Bitcoin vs MicroStrategy: MSTR stock is up 500% this year
Business

Bitcoin vs MicroStrategy: MSTR stock is up 500% this year

December 2, 2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email



As crypto bulls continue to wait for Bitcoin to hit the $100,000 milestone, you may also want to consider a company with nearly 400,000 tokens.

MicroStrategy has been riding Bitcoin, for better or worse, after co-founder and executive chairman Michael Saylor tied the software company’s fortunes to the cryptocurrency in 2020.

Lately, his bet has been very profitable. For the year to date, MicroStrategy shares are up 513%, and even after the stock hit a post-election high, it briefly rose nearly 700%.

Regardless, that’s well above Bitcoin’s 2024 gain of around 117%. In fact, MicroStrategy’s market cap of $87 billion is more than double the value of its holdings of 386,700 Bitcoins, which are worth $37.6 billion at current prices (and largely purchased at a fraction of the rate).

In the end the interview The Wall Street JournalSaylor explained why there is such a large gap between MicroStrategy stock and Bitcoin.

“MicroStrategy found a way to beat Bitcoin,” he said. “The way we’re beating Bitcoin is basically just making Bitcoin go up.”

The company has been an aggressive buyer of Bitcoin and has not been shy about raising new funds through equity or debt to buy even more. In the last month, that is convertible notes increased supply his purchase to add firepower.

That’s part of a bold plan to raise $42 billion in stock and bond offerings over three years to keep buying Bitcoins. The magazine.

There are certainly skeptics. Last month, Citron Research said it was bullish on Bitcoin but it turned out to be MicroStrategy for short although Saylor praised his “visionary” strategy.

“Much respect to @saylor, but even he must know $MSTR is overheated,” Citron posted. X.

But wherever MicroStrategy stock or Bitcoin go from here, Saylor embraces volatility and isn’t afraid to stick his neck out. Even before the Bitcoin boom, he once lost $6 billion in a single day during the dot-com bust.

And while recalling how he came up with the Bitcoin strategy in 2020, Saylor said The magazine “Either death was quick or slow, or take a risk, do something outside the box.”

Learn more about all things crypto with short, easy-to-read lesson cards. Click here Fortune’s Crypto Crash Course.



Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleJanelle Monáe Posts Bikini-Clad Thirst Trap For Birthday
Next Article ‘Italian’ purees likely to contain Chinese forced-labour tomatoes
Admin
  • Website

Related Posts

Business

Trump administration plans to investigate and maybe cut $4 billion in funding for California high-speed rail

February 21, 2025
Business

Meta approves bonuses of up to 200% of company executives’ salaries a week after laying off 3,600 employees

February 21, 2025
Business

Trump’s Medicare pick Dr. Oz holds millions in companies that he’d oversee if he’s confirmed

February 21, 2025
Add A Comment
Leave A Reply Cancel Reply

Latest News
Entertainment

Dwight Howard Engaged To Rapper Amy Luciani

December 21, 2024
Entertainment

Get Better Sleep With These Nighttime Essentials

January 7, 2025
U.S.

WATCH: Phoenix man reunited with missing dog after 8 years apart

January 28, 2025
Health

Acute Care Hospital Reports Improved Patient Outcomes After Vitamin D Project

July 24, 2025
World

EU’s Kaja Kallas says Europe must spend more on defence

February 1, 2025
Sports

World Darts Championship: Luke Humphries sets up Peter Wright last-16 clash as Gerwyn Price beats Joe Cullen in sudden-death thriller | Darts News

December 28, 2024
Categories
  • Home
  • Business
  • U.S.
  • World
  • Politics
  • Sports
  • Science
  • More
    • Health
    • Entertainment
    • Education
    • Israel at War
    • Life & Trends
    • Russia-Ukraine War
Most Popular

Why DeepSeek’s AI Model Just Became the Top-Rated App in the U.S.

January 28, 202552 Views

Why Time ‘Slows’ When You’re in Danger

January 8, 202515 Views

Top Scholar Says Evidence for Special Education Inclusion is ‘Fundamentally Flawed’

January 13, 202511 Views

Antoine Semenyo shines for Bournemouth but Liverpool look unstoppable – Premier League hits and misses | Football News

February 1, 20259 Views

Oh hi there 👋
It’s nice to meet you.

Sign up to receive awesome content in your inbox, every month.

Check your inbox or spam folder to confirm your subscription.

  • Home
  • About us
  • Get In Touch
  • Privacy Policy
  • Terms & Conditions
© 2025 All Rights Reserved - Orrao.com

Type above and press Enter to search. Press Esc to cancel.