Insights

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

exchange68September 13, 2024

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.

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