MicroStrategy Breaks Into the Top 100 U.S. Public Companies by Market Cap
MicroStrategy has achieved a significant milestone by entering the top 100 U.S. publicly traded companies, with a market cap of $96 billion and an impressive year-to-date increase of 528%. The company’s stock price has surged to over $400 per share following a 12% jump in one trading day. MicroStrategy's strategic decision to adopt Bitcoin as a treasury asset since August 2020 has proven lucrative, as it has outperformed NVIDIA in the last five years, with a staggering increase of 2,739%. As of November 18, MicroStrategy holds a substantial 331,200 Bitcoin, valued at over $30 billion. Recently, it issued a $1.75 billion convertible senior note at a 0% coupon rate, set to mature in December 2029. This move is indicative of the company’s growth trajectory within the cryptocurrency market, particularly as Bitcoin reached new heights this year, climbing over 100% alongside MicroStrategy's notable performance.
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