A FactSet report, a data set from the beginning of 2024 to the close on December 20, shows that MicroStrategy (MSTR) stock price has increased by 477% after AppLovin among all US technology companies with a market capitalization of more than $5 billion.
In 2023, the company’s stock price has increased by 346%.
Previously, MicroStrategy stated in a filing that the company acquired another 5,262 Bitcoins worth about $561 million with an average price per token of $106,662.
This brings the company’s total holdings to 444,262 Bitcoins in total.
After Donald Trump's victory in the US presidential election, the crypto market has been boosted and MSTR shares have jumped 60%, surpassing their all-time high in 2000.
So far, MicroStrategy is one of the few ways that institutions can buy Bitcoin because they are investment firms that do not receive any special allocations.
However, Michael Saylor advises other companies not to follow his strategy because it is too risky and encourages them to manage their cash better.
