30s Summary

MicroStrategy has joined the top 100 US public firms based on its $96 billion market capitalization and over 500% surge in share price since the start of the year. The company has outdone NVIDIA in performance over five years and holds 331,200 Bitcoins, approximately worth $30 billion. MicroStrategy, a self-proclaimed Bitcoin development firm, announced a potential $2 billion 0% coupon convertible senior note. It presently ranks 97th among US public companies.

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MicroStrategy is officially one of the top 100 public companies in the US, as ranked by market capitalization. It accomplished this with a market cap of $96 billion. The company now trades over $400 per share and has seen a whopping 528% increase since the beginning of this year.

Self-described as a bitcoin development company, MicroStrategy currently sits at the 97th position among US public companies. This impressive leap upwards in ranking coincided with Bitcoin hitting a new high of over $94,000.

So far this year, MicroStrategy has soared over 500%, coinciding with Bitcoin’s increase of over 100%. The company has even managed to outperform NVIDIA over the past five years, despite only adopting Bitcoin as a treasury asset since August 2020. Presently, MicroStrategy holds 331,200 Bitcoin, bringing the worth of their holdings up to more than $30 billion.

The company continues to make significant financial moves, most notably, announcing a $1.75 billion convertible senior note at 0% coupon. It’s possible that this offering may increase by $250 million, bringing the total to $2 billion.

MicroStrategy’s share price has seen a 3% increase in pre-market trading.