MicroStrategy Stock Soars 15% Amid Bitcoin Rally

MicroStrategy saw its stock rise 15% on Monday, following Bitcoin's surge to $65,000 with double-digit gains.

MicroStrategy’s Strong Performance MicroStrategy (MSTR) has consistently outperformed Bitcoin, with a 22% jump in the last week versus Bitcoin’s 13%. Since January, MSTR has soared 135%, compared to Bitcoin’s 44% gain. Over the past year, MSTR has increased by 258%.

This growth is tied to MicroStrategy’s substantial Bitcoin reserves. The company announced a 10:1 stock split to make shares more accessible. Since integrating Bitcoin into its reserves, MSTR has outpaced major tech stocks like Nvidia.

To outperform $NVDA – get on the #Bitcoin Standard. pic.twitter.com/Dp361BFfPi

— Michael Saylor⚡️ (@saylor) July 15, 2024

The crypto market’s recovery, alongside Wall Street’s rally, has also boosted other crypto stocks like Coinbase (COIN) and Marathon Digital (MARA).

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Inspired by MicroStrategy’s success, other companies are adding Bitcoin to their balance sheets to boost stock performance. Japan’s Metaplanet has acquired 225 Bitcoins in two months, leading to a 500% rise in its share price.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.