Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR).
Self-described bitcoin (BTC) development company MicroStrategy (MSTR) has just breached into the top 100 U.S. publicly traded companies, currently sitting in 97th place.
The company jumped 29 places on Tuesday's performance, which saw a 12% price surge through $400 a share, now trading at $430, just as the market closed. The impressive performance coincided with bitcoin hitting new all-time highs of over $94,000.
MicroStrategy has been one of the main stories of 2024, as it has soared over 500% year-to-date, with bitcoin up over 100% in the same time frame.
The most impressive stat is that in five years, MicroStrategy has outperformed NVIDIA (NVDA) even though MSTR only adopted bitcoin as a treasury asset in August 2020. MicroStrategy is up 2,739%, while NVIDIA is up 2,688%.
As of Nov. 18, MicroStrategy held 331,200 bitcoin, which would make their current stash worth over $30 billion.
The developments keep coming for the largest publicly traded bitcoin company. On Nov. 18, MicroStrategy announced a $1.75 billion convertible senior note at a 0% coupon. The note will mature on December 1, 2029, it can be repurchased or redeemed earlier in accordance with the terms. It is unsecured and will not bear regular interest.
We are waiting on further developments if this convertible note has been oversubscribed, which would increase its issuance by $250 million, for a total of $2 billion.
MicroStrategy is up over 3% in pre-market trading on Wednesday.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
