MicroStrategy (MSTR) Stock Soars 15% on Monday, Following Bitcoin\'s Surge to $65,000 with Double-Digit Gains
- 王林Original
- 2024-07-18 04:34:501190browse
MicroStrategy (MSTR) has consistently outperformed Bitcoin, with a 22% jump in the last week versus Bitcoin's 13%.
Bitcoin’s recent double-digit gains have helped propel MicroStrategy (NASDAQ:MSTR) stock up by 15% on Monday. But did you know that MicroStrategy has been outperforming Bitcoin itself?
Over the last week, MSTR rose by 22%, compared to Bitcoin’s 13% gain. Since January, MSTR soared 135%, outpacing Bitcoin’s 44% gain in the same period. And over the past year, MSTR increased by 258%, compared to Bitcoin’s 44% gain.
This impressive growth is largely tied to MicroStrategy’s substantial Bitcoin reserves, which have now reached 132,500 BTC. The company also recently announced a 10:1 stock split to make shares more accessible to a broader range of investors.
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It’s worth noting that ever since MicroStrategy integrated Bitcoin into its reserves, MSTR has been outperforming major tech stocks, including Nvidia ($NVDA).
To outperform $NVDA – get on the #Bitcoin Standard. pic.twitter.com/Dp361BFfPi
— Michael Saylor⚡️ (@saylor) July 15, 2024
As the crypto market recovers and rallies on Wall Street, other crypto stocks have also seen significant gains, including Coinbase (NASDAQ:COIN) and Marathon Digital (NASDAQ:MARA).
READ MORE: Here is Why S&P 500 is Set to Explode by 2030
Inspired by MicroStrategy’s success, several other companies are adding Bitcoin to their balance sheets in an effort to boost their own stock performance. One notable example is Japan’s Metaplanet, which has acquired 225 Bitcoins over the last two months. As a result, its share price has risen by 500%.
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