Insights

MicroStrategy moves to Bitcoin standard – firm now up +77%

exchange681 week ago

0 0 1 minute read

Quick Take

Yesterday, Microstrategy announced they acquired an additional 6,455 Bitcoin.
While repaying its $205 million SIlvergate loan at a 22% discount.
Since its first acquisition of Bitcoin in 2020, the stock is up 77% and outperforms all major asset classes.

S&P 500: +19%

Nasdaq: +16%

Gold: +2%

TLT: -38%

MicroStrategy’s equity market cap is now over $3 billion, compared to $1.2 billion when they moved to a Bitcoin standard.

Analyst

James Van Straten

Former Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.