Bitcoin

MicroBitcoin

MicroStrategy tokenized stock FTX

<p>The post <a href="https://cryptosnewss.com/microstrategy-overtakes-microsoft-in-stock-gains-with-25-7-billion-bitcoin-bet/" rel="noopener noreferrer nofollow">MicroStrategy Overtakes Microsoft in Stock Gains with $25.7 Billion Bitcoin Bet</a> appeared first on<a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow"> Cryptos Newss</a>.</p><p>As Bitcoin [BTC] peaked at new highs over $90,000, MicroStrategy co-founder Michael Saylor has strongly hinted at future Bitcoin purchases. In a recent social media <a href="https://x.com/saylor/status/1858133416102723888" rel="noopener noreferrer nofollow">post</a> on the X platform, Saylor said,</p><blockquote>“I think Saylortracker.com needs even more green dots.”</blockquote><p>The comment accompanied a screenshot of the company’s Bitcoin portfolio tracker, which visually represented MicroStrategy’s Bitcoin purchases as green dots.</p><p>At press time, the portfolio’s value stood at a staggering $25.7 billion. Meanwhile, <a href="https://cryptosnewss.com/bitcoin-to-1-5m-ark-invest-ceo-cathie-woods-bold-prediction/" rel="noopener noreferrer nofollow">Bitcoin</a> traded at $91,935.03, up by 2.38% over the past day, <a href="https://www.google.com/finance/quote/BTC-USD?sa&#61;X&amp;ved&#61;2ahUKEwjP9Ie14uWJAxWzVmwGHdRbCQsQ-fUHegQICxAY" rel="noopener noreferrer nofollow">according</a> to Google Finance.</p><h2 id="header-0">MicroStrategy’s Bitcoin buying spree</h2><p>While the latest bull run has sparked <a href="https://cryptosnewss.com/bitcoins-record-breaking-rise-boosts-microstrategy-stock-to-new-heights/" rel="noopener noreferrer nofollow">FOMO</a> among some investors, concerns have also emerged about whether it’s too late to get into Bitcoin.</p><p>However, Saylor has displayed continued interest and belief in the <a href="https://cryptosnewss.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency</a>, having consistently bought since 2020.</p><p>According to Saylortracker, MicroStrategy made 11 Bitcoin purchases in 2024 alone.</p><p>Its most recent acquisition on the 11th of November saw the company buy 27,200 BTC for approximately $2.03 billion at an average price of $74,463 per Bitcoin.</p><h2 id="header-1">MSTR surpasses Berkshire Hathaway</h2><p>MicroStrategy’s Bitcoin strategy was paying off not only in crypto holdings but also in its stock performance. A <a href="https://x.com/Barchart/status/1858333689748332949" rel="noopener noreferrer nofollow">chart</a> shared by financial markets tracker Barchart showed that MSTR stock was outperforming Warren Buffett’s Berkshire Hathaway [BRK].</p><p>MSTR stock and Berkshire Hathaway’s BRK Class B stock revealed a ratio of 0.72, rapidly approaching levels seen during the dot-com bubble.</p><p>For those unfamiliar, the dot-com bubble refers to the rapid rise and subsequent fall of internet-based company stocks in the late 1990s.</p><p>Earlier, Crypto reported that MicroStrategy stock had reached a 25-year high, a testament to the market’s recognition of its Bitcoin-focused strategy.</p><h2 id="header-2">Bitcoin volatility: A strategic opportunity</h2><p>Meanwhile, Jeff Park, Head of Alpha Strategies at Bitwise Invest, recently weighed in on the synergy between Bitcoin and MicroStrategy on X. He <a href="https://x.com/dgt10011/status/1858267617141870846" rel="noopener noreferrer nofollow">stated</a>,</p><blockquote>“Bitcoin and MSTR are a perfect match for volatility strategies, but only if you know how to capitalize on them.”</blockquote><p>Park emphasized the importance of quantitative methods in navigating the probabilistic nature of market movements.</p><h2 id="header-3">The case for MSTR</h2><p>In another post, the exec offered a more direct endorsement of MicroStrategy stock, <a href="https://x.com/dgt10011/status/1857920192283816020" rel="noopener noreferrer nofollow">noting</a> that,</p><blockquote>“Everyone needs to own at least $34,065 worth of $MSTR.”</blockquote><p>He argued that owning MSTR provides investors with a unique opportunity to achieve exceptional yields, making it a must-have for high-reward seekers.</p><p>As Bitcoin continues to climb and institutional interest deepens, MicroStrategy’s aggressive strategy positions it as a central player in the evolving cryptocurrency landscape.</p><p>With the dual momentum of Bitcoin’s price surge and MSTR’s stock performance, the company’s bold bet appears to be paying off.</p><p>The post <a href="https://cryptosnewss.com/microstrategy-overtakes-microsoft-in-stock-gains-with-25-7-billion-bitcoin-bet/" rel="noopener noreferrer nofollow">MicroStrategy Overtakes Microsoft in Stock Gains with $25.7 Billion Bitcoin Bet</a> appeared first on <a href="https://cryptosnewss.com/" rel="noopener noreferrer nofollow">Cryptos Newss</a>.</p>

MicroStrategy Overtakes Microsoft in Stock Gains with $25.7 Billion Bitcoin Bet

Table of Contents

Cryptos Newss

Other articles published on Nov 19, 2024

5 Best Meme Coins to Grab Before Bitcoin Hits $100,000

Hamster Kombat user drop ‘expected’ but team plans to ‘re-engage’

XRP Lawsuit Settlement News: Legal Expert Claims Ripple Has Leverage to Settle for Less Than $125...

Memecoins Consolidating: DOGE, PEPE, & SHIB Prices to Enter Buying Zone Shortly

Bitcoin Covered Call ETF Now Promoted by Grayscale

Dan Gallagher in the Lead as Trump’s Pick for SEC Chair: Report

Join our free newsletter for daily crypto updates!