MSTR: MicroStrategy Stock Hits New Record After 24 Years, Up 400% This Year Alone

MicroStrategy is the world’s largest corporate holder of BTC with a stack worth $24 billion. Half of that is profits for the firm.

• MicroStrategy MSTR, the software intelligence firm that has turned itself into a Bitcoin BTCUSD hoarder, just hit an all-time high 24 years later. It was the early 2000 when MicroStrategy peaked above $300 before the dot-com bubble washed it all away — two years later the stock was going for less than 50 cents a share. But not anymore! Shares jumped 25% on Monday to cross the record price tag of $340 a piece, valuing the firm at $69 billion.
• MicroStrategy is the biggest corporate buyer of Bitcoin. It owns 279,420 BTC, which are today valued at roughly $25 billion. The company’s founder, Bitcoin maxi (and borderline fanatic) Michael Saylor, regularly goes out and about, looking for a fresh purchase of the orange coin to the tune of hundreds of millions of dollars. The absolute madlad’s bet has paid off — the firm has splurged about $12 billion on BTC and is sitting on unrealized profits of another $12 billion.
• In more detail, the average purchase price is around $42,000 per Bitcoin with the first one made back in 2020. All these gains are trickling into the company’s valuation — shares are up 400% this year, against a 100% rise in the price of Bitcoin. “Bitcoin is a swarm of cyber hornets serving the goddess of wisdom, feeding on the fire of truth,” Saylor says, “exponentially growing ever smarter, faster, and stronger behind a wall of encrypted energy.”