BTC - If You Invested $10000 in MicroStrategy Stock Over 1 Year Ago Here's How Much You Would Have Today
2024-07-01 05:25:00 ET
MicroStrategy (NASDAQ: MSTR) gained outsized investor attention thanks to its growing investment in Bitcoin (CRYPTO: BTC) . The enterprise software developer adopted a corporate strategy in 2021 that allows the company to use excess cash above its working capital needs to acquire and hold Bitcoin as its primary treasury asset.
The move was ill-timed because it came just before the financial markets nose-dived in 2022. But an investment of $10,000 in the stock at the start of 2023 would be worth $101,500 today.
The price of a single Bitcoin has nearly tripled since the start of 2023, and that has greatly benefited MicroStrategy stock. The company held 214,400 Bitcoins as of its last quarterly report, and it continues to use proceeds from equity and debt financings and excess cash from operations to fund its cryptocurrency investment.
For further details see:
If You Invested $10,000 in MicroStrategy Stock Over 1 Year Ago, Here's How Much You Would Have Today