As an analyst with over two decades of experience in the stock market, I must admit that I have never seen a company like MicroStrategy (MSTR) defy gravity quite as impressively as it has done in recent times. The company’s triumphant return to all-time highs after two decades of struggle is nothing short of remarkable.
For the initial time in over two decades, stocks in MicroStrategy (MSTR), known as the global leader in corporate Bitcoin ownership, soared to an unprecedented peak, following a fiery surge in Bitcoin’s value during the post-election market rally on Monday.
MicroStrategy’s Triumphant Return
On Monday, MSTR started trading at around $296 per share, which was approximately a 10% increase from its closing price on Friday. Throughout the day, the stock continued to rise, ending the day at $340 – a new all-time high for this longstanding software company.
In March 2000, the company hit its peak price at $313 per share for a short while. However, the stock plummeted rapidly to $17 by May of that year. By July 2002, the price had dropped even further, falling below $0.50.
After being valued at less than $20 per share for about two decades, MicroStrategy shifted its focus, investing its entire treasury into Bitcoin in August 2020. Since then, the company’s worth has significantly increased, and its stock now trades almost in tandem with Bitcoin, acting as a representative of the digital asset.
Over the last four years, I’ve been strategically amassing as much Bitcoin as I could afford, leveraging both borrowed capital and stock issuance. Today, my investment portfolio boasts an impressive 279,420 Bitcoins, a holding that, according to SaylorTracker, has netted me a staggering $12.6 billion in profits.
MSTR Outperforms Bitcoin
In simpler terms, the company’s current stock surge exceeds that of Bitcoin, as the company’s total market value nearly triples the worth of Bitcoin listed on its books. As of now, the company’s stock has increased by a staggering 396% this year, compared to Bitcoin’s rise of only 109%.
On a Monday, Michael Saylor, the executive chair of MicroStrategy, declared another acquisition of 27,200 Bitcoins at a cost of $2.03 billion, marking his most substantial buy to date.
During the initial ten days of November, our MSTR treasury activities generated a Bitcoin Yield of approximately 7.3%. This equates to around 18,410 Bitcoins, which benefits our shareholders,” he posted on Monday.
In the previous month, MicroStrategy unveiled a three-year strategy to acquire approximately $42 billion in Bitcoin. This ambitious plan, known as the 2/21 plan, involves procuring $21 billion through the issuance of fixed-income securities and an additional $21 billion through equity sales.
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2024-11-12 01:08