NVIDIA

Bitcoin

Strong

Bold

MicroStrategy, known as the world’s first Bitcoin-focused development company, has reached a major milestone by joining the <a href="https://companiesmarketcap.com/usa/largest-companies-in-the-usa-by-market-cap/" target="_blank" rel="noreferrer noopener">top 100 publicly traded companies in the U.S. </a>The firm, led by prominent Bitcoin advocate Michael Saylor, now ranks 97th, reflecting its growing influence in the cryptocurrency market.   
<h2 class="wp-block-heading" id="h-stock-surge-boosted-by-bitcoin-s-record-high">Stock Surge Boosted by Bitcoin’s Record High</h2>   
The company’s stock price surged by 12% on Tuesday, closing at $430 after crossing the $400 mark earlier in the day. This rise coincided with Bitcoin hitting an <a href="https://coinpedia.org/news/bitcoin-all-time-high-at-94k-what-the-crypto-fear-and-greed-index-reveals/" target="_blank" rel="noreferrer noopener">all-time high of over $94,000</a>, further solidifying MicroStrategy's reputation as a Bitcoin leader.   
MicroStrategy’s performance has been a defining story in 2024, with its stock climbing over 500% since the start of the year. In comparison, Bitcoin has also had a stellar year, gaining more than 100% over the same period.   
Over a five-year span, the company’s stock has skyrocketed 2,739%, surpassing even tech giant NVIDIA (NVDA), which has gained 2,688% in that time frame. It currently holds 331,200 Bitcoin, valued at over $30 billion based on recent market prices.   
Saylor’s Bold Plans   
The firm also recently revealed its plans to raise an additional <a href="https://coinpedia.org/news/microstrategy-to-raise-1-75-billion-to-expand-bitcoin-holdings/" target="_blank" rel="noreferrer noopener">$1.75 billion through convertible notes</a> to increase its cryptocurrency holdings. MicroStrategy plans to issue senior convertible notes with a 0% interest rate, maturing in December 2029 to fund its Bitcoin acquisitions.&nbsp;   
<h2 class="wp-block-heading" id="h-will-microsoft-buy-bitcoin">Will Microsoft Buy Bitcoin? </h2>   
Michael Saylor is set to present a Bitcoin investment strategy to Microsoft’s board of directors in an upcoming three-minute pitch. This meeting aligns with a December 10 shareholder vote that will decide if Microsoft should evaluate <a href="https://coinpedia.org/news/michael-saylor-to-deliver-3-minute-presentation-to-microsoft-board-on-bitcoin-strategy/" target="_blank" rel="noreferrer noopener">investing in Bitcoin.</a>   
With $78 billion in cash reserves, Microsoft’s potential investment could significantly impact the crypto market. Saylor has repeatedly highlighted that companies like Microsoft, Apple, Google, and Berkshire Hathaway are missing a chance to enhance shareholder value by not holding Bitcoin.   [post_titles_links postid="382390"]   
<h2 class="wp-block-heading" id="h-bitcoin-going-strong">Bitcoin Going Strong</h2>   
Bitcoin rose to a record high above $94,000 as a report that Donald Trump's social media company was in talks to <a href="https://coinpedia.org/news/donald-trumps-media-group-eyes-bakkt-acquisition-to-boost-crypto-ventures/" target="_blank" rel="noreferrer noopener">buy crypto trading firm Bakkt </a>sparked optimism of a crypto-friendly regime under Trump.   
Bitcoin, going strong this bull run, is showing no signs of slowing down anytime soon. Traders at Singapore-based QCP Capital said in a Telegram broadcast shared that the predictions of <a href="https://coinpedia.org/price-analysis/bitcoin-price-achieves-94k-btc-price-eyes-to-hit-100k-this-weekend/" target="_blank" rel="noreferrer noopener">BTC at 100K</a> are not unattainable anymore as ‘the political and institutional stars start to align’.&nbsp;   
MicroStrategy’s journey proves one thing: in the world of Bitcoin, fortune indeed favors the bold.

MicroStrategy’s Bitcoin Investment Strategy Pushes It to Top 100 U.S. Companies

Table of Contents

CoinPedia News

Other articles published on Nov 20, 2024

Even Bloomberg Analyst Couldn’t Believe It: Something Extraordinary Is Happening at MicroStrategy...

Weekly Article Recap: 11/11-11/15

Google suggests users to buy Bitcoin

Upbit Adds JasmyCoin, PolySwarm, and Bonk to BTC, USDT, and KRW Markets

The $2.5M Mark and 2,900 Token Holders: How Qubetics Stacks Up Against Polygon and Aave in Novemb...

How Bitcoin became a ‘lifeboat asset’ amid Ukraine-Russia conflict

Join our free newsletter for daily crypto updates!