MicroStrategy Stock Hits 25-Year High as Bitcoin Nears $70,000

MicroStrategy’s stock has soared to its highest level in 25 years, spurred by Bitcoin’s potential push toward $70,000.

Throughout this year, MSTR’s stock price has steadily climbed, significantly boosted by the company’s substantial Bitcoin holdings.

According to Google Finance, the stock has surged 244% year-to-date and recently reached $235.89 as of October 24, marking a 55% rise over the past month.

This strong performance coincides with Bitcoin’s recent growth, as the digital asset has gained 6% over the month, driven by rising institutional interest.

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Recent data on the MSTR tracker highlights two core metrics tied to these market rallies: the “MSTR/BTC Ratio,” which measures MicroStrategy’s stock in comparison to Bitcoin’s price, reached an all-time high of 0.00346, surpassing levels seen during Bitcoin’s 2021 peak.

Additionally, the “NAV Premium” chart reveals that MicroStrategy’s stock is trading at its highest premium over its Bitcoin holdings in three years, with the market currently valuing the stock at 2.783 times its Bitcoin-equivalent net asset value.

Alexander Stefanov