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