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    MicroStrategy overtakes Microsoft in all-time stock gains as Bitcoin bet pays off

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    MicroStrategy’s stocks hit a 25-year high at $236 following a 7% increase on Oct. 25. The company’s bitcoin strategy, spearheaded by Michael Saylor, has resulted in it surpassing Microsoft in share value. MicroStrategy holds 252,220 bitcoin, amounting to around $17 billion, over 1% of all the bitcoin ever to exist. The company’s latest rally saw its market capitalization reach $43.35 billion, just under 8% shy of a $50 billion valuation.

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    It looks like MicroStrategy’s gamble on Bitcoin is really paying off! Their stocks shot up more than 7% on Oct. 25, hitting a 25-year high at $236.

    This impressive rise keeps the momentum of a six-week rally going for the largest company holder of Bitcoin. Their share is even exceeding that of Microsoft, the tech giant currently considering adding Bitcoin to its balance sheet. The Crypto Coin Coach said on an online post that MicroStrategy is crushing companies that don’t already have Bitcoin.

    Over the last five years, MicroStrategy’s performance has beaten every company on the S&P 500 index. The company has rallied around 1,570% since listing on the Nasdaq, compared to Microsoft’s 1,467% rise.

    This massive success is mainly due to MicroStrategy’s Bitcoin buying strategy. The company, led by Michael Saylor, started buying and holding Bitcoin in 2020. Their most recent purchase, made between Sept. 13 and Sept. 19, added approximately 7,420 BTC – costing $458.2 million – to their holdings. Now they have 252,220 Bitcoin, worth almost $17 billion. That’s more than 1% of all Bitcoin that will ever exist!

    The company’s skyrocketing stock is growing its market value. The latest rally pushed the company’s market capitalization to a whopping $43.35 Billion. This makes MicroStrategy the 477th most valuable company in the world based on market value. It’s also just 8% short of a $50 billion valuation!

    MicroStrategy’s trading volume is also increasing, recently reaching a high of 17.65% of Nvidia’s volume. This happened on Oct. 11 when MicroStrategy had a 30 million trading volume compared to Nvidia’s 170 million.

    So, it’s clear that the heady mix of increasing market value, trading volumes and rising prices could mean a continued surge for MicroStrategy’s stock in the months and years to come. But remember, always do your own research before making investment decisions!

    Source: Cointelegraph

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