Bitcoin

MicroStrategy, the leading corporate holder of Bitcoin, has reached the top 100 publicly traded companies in the U.S., ranking 97th by market capitalization. 
MicroStrategy’s stock has soared over 500% this year, significantly outpacing the broader market. Over a five-year span, the stock has risen by 2,739%, surpassing the performance of tech giant NVIDIA, which saw a 2,688% gain in the same period​. 
MicroStrategy <a href="https://www.cryptotimes.io/2024/11/18/microstrategy-buys-51780-btc-for-4-6-billion/" target="_blank" rel="noreferrer noopener">currently holds 331,200 BTC</a>, valued at over $30 billion, as Bitcoin recently hit an all-time high of $94,000. This positions the company as a pioneer in corporate Bitcoin investment​. 
The firm announced plans to raise $1.75 billion through zero-interest convertible notes maturing in 2029. These funds will be used to further increase its Bitcoin holdings, underscoring its confidence in the asset’s future potential​. 
Bitcoin’s record-breaking rally has contributed to MicroStrategy’s stock surging 12% in a single day to close at $430. The crypto’s performance has been fueled by increasing institutional interest and optimism around a pro-crypto regime under Donald Trump​. $MSTR is the most traded stock in America today, reflecting heightened investor interest. 
Saylor remains steadfast in his belief that Bitcoin will surpass $100,000 by the end of the year. He attributes this to favorable political and institutional developments, viewing Bitcoin as a strategic reserve asset for the U.S. and a critical component of the global digital economy​. 
Saylor is set to pitch Bitcoin investment strategies to Microsoft’s board of directors ahead of a December shareholder vote. If Microsoft, with its $78 billion in cash reserves, decides to invest in Bitcoin, it could set a transformative precedent for other corporations​. 
MicroStrategy’s bold moves in the Bitcoin space highlight its commitment to leading the adoption of digital assets, reinforcing its position as a trendsetter in corporate crypto investment. 
<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"> 
 Also Read: <a href="https://www.cryptotimes.io/2024/10/18/bitcoin-strategy-drives-microstrategy-stock-price-target-to-245/" target="_blank" rel="noreferrer noopener">Bitcoin Strategy Drives MicroStrategy Stock Price Target to $245</a> 
</blockquote>

MicroStrategy Joins Top 100 U.S. Companies Amid Bitcoin Boom

The Crypto Times

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