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With its Q3 earnings, the company announced a plan to raise $42 billion over the next three years to continue increasing its Bitcoin holdings. As of Nov. 11, MicroStrategy possessed 279,420 Bitcoins.
MicroStrategy's soaring share price resulted in a 10-for-1 stock split. Here's what you need to know.
MicroStrategy has bought 5,262 bitcoin using proceeds from a sale of $561 million worth of stock. The company now holds 444,262 bitcoin, worth $27.7 billion, bought at an average price of $62,257.
If MicroStrategy's stock follows the same trajectory, it could turn a $10,000 investment made today into $1.3 million and $5.2 million, respectively, over those time frames.
That's a big deal considering the price of Bitcoin is up about 1,500% during the past five years. In fact, it even hit a new all-time high today at over $107,000 per Bitcoin.
Chart created using Benzinga Pro. MicroStrategy has surged 464.93% over the past year and is up nearly 300% year-to-date. A quick glance at its moving averages reveals bullish signals: the stock ...
A big reason MicroStrategy (NASDAQ: MSTR) was such a hot stock in 2024 is its bullish position on Bitcoin. The company is such a big believer in crypto that it's planning to raise $42 billion in ...
Image source: Getty Images. If you consider the size of MicroStrategy's Bitcoin holdings ($14.6 billion) and compare it to MicroStrategy's overall stock market value ($26 billion), you'll see why.