MicroStrategy Inc.
On July 3, 2002, $MSTR stock fell to an all-time low of $0.42. Yesterday, it closed at $421.88.
Never. Never. Never give up.
— Michael Saylor⚡️ (@saylor) November 23, 2024
co-founder Michael Saylor has revealed that the company is making an impressive $500 million a day, thanks to its substantial Bitcoin holdings. In a recent interview with CNBC, Saylor shared that MicroStrategy’s Bitcoin holdings have appreciated by $5.4 billion over the last two weeks.
“We’re making $500 million a day.
MicroStrategy is powered by its #Bitcoin treasury operations. We sell volatility through our ATM offerings, strip BTC risk, volatility, and performance from our fixed-income securities, and transfer that performance to our $MSTR equity holders. pic.twitter.com/QedCazsrsN
— Michael Saylor⚡️ (@saylor) November 22, 2024
I’m staring at my screen and we’re selling dollar bills for $3, sometimes a million times a minute,” Saylor said. MicroStrategy’s stock has delivered a 97% gain in the last month, while Bitcoin has gained nearly 47%.
Year-to-date, MicroStrategy’s stock has seen a 515% increase, and Bitcoin prices have risen by 122%.
Looking for #Bitcoin exposure? Think of the Bitcoin Mini. It's the lowest-cost* spot Bitcoin fund and the ticker is easy to remember – simply $BTC. pic.twitter.com/PD3k3zJOKp
— Grayscale (@Grayscale) November 22, 2024
In comparison, Nvidia, a leader in AI technology and the world’s most valuable company by market capitalization, has experienced a stock rise of nearly 195% during the same period.
MicroStrategy’s Bitcoin-driven financial surge
“We may very well be the most profitable company in the U.S. growing the fastest right now. There’s not many companies making $500 million a day,” Saylor commented. The surge in MicroStrategy’s earnings highlights the company’s strategic bet on Bitcoin.
Bitcoin continues to go up because capital flows to where it is treated best and you can't name a better home for capital over the last decade.
— Anthony Pompliano ? (@APompliano) November 23, 2024
Research from BitMEX shows that MicroStrategy is trading at a 256% premium to the net asset value of its Bitcoin holdings. This significant valuation disparity is attributed to its aggressive acquisition strategy and financial regulations that restrict Bitcoin ETF purchases, pushing investors towards MicroStrategy for exposure. Saylor’s bold prediction that Bitcoin could reach $13 million by 2045 has further fueled discussions regarding Bitcoin’s potential economic implications.
If achieved, Bitcoin’s market cap would soar to $250 trillion, surpassing the current world GDP and global stock markets. Warren Buffett’s decision to hold $325 billion in cash has drawn criticism from Saylor, who argues that not investing in Bitcoin is a missed opportunity. Saylor’s revelations underscore the substantial impact of Bitcoin on MicroStrategy’s financial performance and highlight broader discussions in the financial world about the role and future of cryptocurrencies.
