MicroStrategy has achieved record capitalization against the backdrop of rising Bitcoin prices, attracting attention from investors and analysts.
MicroStrategy's Record Capitalization
MicroStrategy closed Wednesday at $455.90 per share, achieving a record market capitalization of $128.4 billion.
Investments in Bitcoin and Their Significance
The company holds 601,550 Bitcoin valued at over $73 billion, representing 2.86% of Bitcoin's total supply. MicroStrategy's average purchase price per Bitcoin stands at $71,270, indicating significant unrealized gains at current prices. MSTR shares gained 36% in three months and soared 174% year-over-year as Bitcoin reached new highs above $122,000.
Vanguard Group's Stake in MicroStrategy
Vanguard Group was revealed as MicroStrategy's largest shareholder despite previously calling Bitcoin an 'immature asset class.' The corporate treasury strategy continues to drive institutional adoption of Bitcoin as a store of value.
Thus, the increase in MicroStrategy's market cap and its success in Bitcoin investments confirm the relevance and attractiveness of cryptocurrency in the global financial landscape.
