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    MicroStrategy approaches Intel in market value with over $100 billion, continues aggressive Bitcoin acquisitions

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    MicroStrategy, known for its large Bitcoin holdings, has a market value of over $100 billion, close to rival Intel’s value of around $102 billion. Predicted to continue buying Bitcoin, MicroStrategy overtook Tesla and Nvidia as the most traded stock in the US as of November 20. With their “21/21 Plan,” MicroStrategy aims to buy more Bitcoin using $21 billion in equity and $21 billion in debt. Financial analyst Mark Palmer predicts MicroStrategy shares will reach $450 each, and Bitcoin will reach $225,000 by 2026. As of November 19, MicroStrategy holds an estimated $40 billion in Bitcoin.

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    MicroStrategy, better known for its big Bitcoin (BTC) holdings, now has a market value of over $100 billion. That’s super close to catching up with Intel, the silicon chip giant! Intel, despite being around for more than 60 years, is valued around $102 billion.

    MicroStrategy’s stock price is set to rise even more. Experts think this company is going to keep buying Bitcoin at an accelerated rate. This prediction comes from a recent report made to Cointelegraph.

    When Trump was elected as U.S. President, the crypto market went berserk. Many were confident that this would do wonders for the crypto industry, according to research done by Cointelegraph.

    As of November 20, MicroStrategy was the most popular stock to trade in America. It even outpaced big players like Tesla and Nvidia! This was highlighted by market analyst Eric Balchunas from Bloomberg Intelligence.

    MicroStrategy turned heads on their October 30 earnings call when they announced plans to buy a massive amount of Bitcoin for the next three years. They plan to do this using $21 billion in equity and $21 billion in debt. This plan is known as the “21/21 Plan.”

    Some people doubt this bold strategy but no one can dispute the skyrocketing upswing in MicroStrategy’s share price since they started buying Bitcoin. According to Mark Palmer, a financial tech analyst at Benchmark, MicroStrategy has outperformed almost every large U.S. company over the last four-ish years.

    Palmer thinks MicroStrategy shares will be priced at $450 each, way up from his previous guess of $300 per share. He also thinks Bitcoin will be worth $225,000 by the end of 2026.

    MicroStrategy’s boss, Michael Saylor, said in a CNBC interview that the company’s business plans are moving faster than initially planned.

    Fast forward to November 19, MicroStrategy managed to buy its largest ever Bitcoin stash, snapping up 51,780 Bitcoin for $4.6 billion in just one week. Now, the company holds an estimated $40 billion in Bitcoin, according to Benchmark’s calculations.

    During a call with investors on August 1, MicroStrategy confirmed they’d keep on buying Bitcoin. They also introduced a unique way to measure their performance using something they called “Bitcoin yield.”

    Basically, Bitcoin yield is a way to measure the company’s stored Bitcoin against its outstanding shares. It offers mainly shareholders a new way to gauge how well the company is doing.

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