By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

News Junction

Notification Show More
Font ResizerAa
  • Home
  • World News
    World NewsShow More
    Biden’s cancer diagnosis renews transparency concerns; Trump claims coverup | Health News
    Biden’s cancer diagnosis renews transparency concerns; Trump claims coverup | Health News
    May 20, 2025
    Trump reveals difficult relationship with Zelensky — RT World News
    Trump reveals difficult relationship with Zelensky — RT World News
    May 20, 2025
    Stock market news today: live updates
    Stock market news today: live updates
    May 20, 2025
    Canada, U.K., France warn Israel of ‘concrete action’ over military expansion – National
    Canada, U.K., France warn Israel of ‘concrete action’ over military expansion – National
    May 20, 2025
    My first thought when I heard Joe Biden’s news
    My first thought when I heard Joe Biden’s news
    May 19, 2025
  • Business
    BusinessShow More
    Ukraine blows up bridges to consolidate its positions in Russia
    Ukraine blows up bridges to consolidate its positions in Russia
    August 18, 2024
    Commentary: AI phones from Google and Apple will erode trust in everything
    Commentary: AI phones from Google and Apple will erode trust in everything
    August 18, 2024
    The most famous Indian Dishes – Insights Success
    The most famous Indian Dishes – Insights Success
    August 18, 2024
    Life on the road as a female long rides cyclist
    Life on the road as a female long rides cyclist
    August 18, 2024
    UK inflation rises to 2.2%
    UK inflation rises to 2.2%
    August 18, 2024
  • Cryptocurrency
    CryptocurrencyShow More
    US Senate moves forward with GENIUS stablecoin bill
    US Senate moves forward with GENIUS stablecoin bill
    May 20, 2025
    Circle reportedly weighing sale to Coinbase or Ripple despite IPO plans
    Circle reportedly weighing sale to Coinbase or Ripple despite IPO plans
    May 20, 2025
    Lido DAO price revisits key support level: what next for LDO?
    Lido DAO price revisits key support level: what next for LDO?
    May 20, 2025
    Ripple Labs Deploys XRP Ledger to Boost Financial Inclusion and Income for Smallholder Agriculture in Colombia
    Ripple Labs Deploys XRP Ledger to Boost Financial Inclusion and Income for Smallholder Agriculture in Colombia
    May 20, 2025
    On-Chain Oscillator Shows Bitcoin Far From Cycle Peak – Can BTC Push Above ATH?
    On-Chain Oscillator Shows Bitcoin Far From Cycle Peak – Can BTC Push Above ATH?
    May 19, 2025
  • Technology
    TechnologyShow More
    How to Improve Your Spotify Recommendations
    How to Improve Your Spotify Recommendations
    August 18, 2024
    X says it’s closing operations in Brazil
    X says it’s closing operations in Brazil
    August 18, 2024
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    Supermoon set to rise: Top tips for amateur photographers | Science & Tech News
    August 18, 2024
    Scientists Want to See Videos of Your Cat for a New Study
    Scientists Want to See Videos of Your Cat for a New Study
    August 18, 2024
    OpenAI’s new voice mode let me talk with my phone, not to it
    OpenAI’s new voice mode let me talk with my phone, not to it
    August 18, 2024
  • Entertainment
  • Sports News
  • People
  • Trend
Reading: MicroStrategy’s stock performance soars amid Bitcoin rally
Share
Font ResizerAa

News Junction

  • World News
  • Business
  • Technology
  • Cryptocurrency
  • Trend
  • Entertainment
Search
  • Recent Headlines in Entertainment, World News, and Cryptocurrency – NewsJunction
  • World News
  • Business
  • Cryptocurrency
  • Technology
  • Entertainment
  • Sports News
  • People
  • Trend
Have an existing account? Sign In
Follow US
News Junction > Blog > Cryptocurrency > MicroStrategy’s stock performance soars amid Bitcoin rally
MicroStrategy’s stock performance soars amid Bitcoin rally
Cryptocurrency

MicroStrategy’s stock performance soars amid Bitcoin rally

Published July 23, 2024
Share
3 Min Read
SHARE

Contents
Share this articleCategories
  • MicroStrategy’s stock outperformed major tech stocks due to its significant Bitcoin holdings, surging 15% recently.
  • Since the start of 2024, MicroStrategy’s stock price has risen by 135%, driven by Bitcoin’s rally.
  • The company announced a 10-for-1 stock split to make shares more accessible, effective August 1.
  • Michael Saylor attributes MicroStrategy’s success to its aggressive Bitcoin acquisition, holding 226,331 Bitcoin worth $7.538 billion.

MicroStrategy, led by Michael Saylor, has recently gained significant attention for its aggressive Bitcoin investment strategy, resulting in remarkable financial returns. As of July 17, 2024, MicroStrategy’s stock has outperformed major tech giants like Tesla, Nvidia, and Microsoft, primarily due to its substantial Bitcoin holdings. As such, its stock price mimics Bitcoin’s movement and has rallied from recent lows of $1,207 to close at $1,794 as of COB today. Its most recent rally is in tandem with Bitcoin’s from $53,500 around the same period to $67,605 as of writing.

MicroStrategy’s strategic Bitcoin accumulation as a core reserve asset has proven exceptionally lucrative. The company holds 226,331 Bitcoin, valued at approximately $7.54 billion. This substantial holding has driven a 1,203% surge in MicroStrategy’s share price since August 10, 2020, outperforming Nvidia’s 1,050% and Tesla’s 167% gains over the same period. The company’s impressive growth trajectory has continued in 2024, with a 135% increase in share price year-to-date, compared to Bitcoin’s 44% rise.

A key aspect of MicroStrategy’s success is its ability to raise funds through debt offerings to purchase more Bitcoin. In June 2024, the company expanded a debt offering from $500 million to $700 million to fuel additional Bitcoin acquisitions. This strategy has paid off, as evidenced by the company’s stock performance and the growing value of its Bitcoin holdings.

Michael Saylor has been vocal about the benefits of adopting a Bitcoin standard. He recently tweeted a chart highlighting MicroStrategy’s 1,203% share price surge since adopting Bitcoin, urging other companies to consider a similar approach. Saylor’s firm belief in Bitcoin’s potential is evident in his continuous advocacy for the cryptocurrency as a superior asset.

MicroStrategy’s recent 10-for-1 stock split, scheduled for August 1, is another strategic move to broaden its investor base. This action aims to make MSTR shares more accessible and affordable, potentially attracting more investors to benefit from the company’s Bitcoin-centric strategy. The company’s performance and Michael Saylor’s strong stance on Bitcoin highlight the transformative potential of integrating cryptocurrency into corporate strategies. Companies like MicroStrategy continue to set a precedent for leveraging digital assets to drive growth and shareholder value as the market evolves.


Share this article

Categories

#MicroStrategys #stock #performance #soars #Bitcoin #rally

TAGGED:BitcoinMicroStrategysperformancerallysoarsStock
Share This Article
Facebook Twitter Pinterest Whatsapp Whatsapp LinkedIn Email Copy Link Print
Share
What do you think?
Love0
Sad0
Happy0
Sleepy0
Angry0
Dead0
Wink0
Previous Article Stock market today: Live updates Stock market today: Live updates
Next Article Upwork’s chief accounting officer sells shares worth over ,500 By Investing.com Upwork’s chief accounting officer sells shares worth over $2,500 By Investing.com
- Advertisement -

Latest Post

Biden’s cancer diagnosis renews transparency concerns; Trump claims coverup | Health News
Biden’s cancer diagnosis renews transparency concerns; Trump claims coverup | Health News
World News
US Senate moves forward with GENIUS stablecoin bill
US Senate moves forward with GENIUS stablecoin bill
Cryptocurrency
Trump reveals difficult relationship with Zelensky — RT World News
Trump reveals difficult relationship with Zelensky — RT World News
World News
Circle reportedly weighing sale to Coinbase or Ripple despite IPO plans
Circle reportedly weighing sale to Coinbase or Ripple despite IPO plans
Cryptocurrency
Stock market news today: live updates
Stock market news today: live updates
World News
Lido DAO price revisits key support level: what next for LDO?
Lido DAO price revisits key support level: what next for LDO?
Cryptocurrency
- Advertisement -

You Might Also Like

Shiba Inu (SHIB) vs. Pandoshi (PAMBO): Why Utility Tokens Will Pump 20x Times More in the Upcoming Bull Market
Cryptocurrency

Shiba Inu (SHIB) vs. Pandoshi (PAMBO): Why Utility Tokens Will Pump 20x Times More in the Upcoming Bull Market

February 10, 2024
Bitcoin Settles Above K After Biden Drops Out
Cryptocurrency

Bitcoin Settles Above $67K After Biden Drops Out

July 22, 2024
FTX Founder Faces Brooklyn’s Notorious Hellhole: Bankman-Fried’s Harsh Reality Check?
Cryptocurrency

FTX Founder Faces Brooklyn’s Notorious Hellhole: Bankman-Fried’s Harsh Reality Check?

August 15, 2023
ETHWarsaw returns for its second edition alongside Warsaw Blockchain Week
Cryptocurrency

ETHWarsaw returns for its second edition alongside Warsaw Blockchain Week

August 21, 2023

About Us

NEWS JUNCTION (NewsJunction.xyz) Your trusted destination for global news. Stay informed with our timely and accurate reporting on diverse topics, including politics, technology, science, entertainment, sports, and more. Count on us for unbiased and reliable updates at your fingertips.

Quick Link

  • About
  • Disclaimer
  • Privacy Policy
  • Terms of Use
  • Contact

Top Categories

  • World News
  • Business
  • Technology
  • Entertainment
  • Cryptocurrency
  • Sports News
  • Trend
  • People

Subscribe

Subscribe to our newsletter to get our newest articles instantly!

    © 2023 News Junction.
    • Blog
    • Advertise
    • Contact
    Welcome Back!

    Sign in to your account

    Username or Email Address
    Password

    Lost your password?