In 2024, MicroStrategy's stock demonstrated an impressive increase of 402%, making the company the largest corporate holder of Bitcoin. Let's explore the reasons behind this success and examine future plans.
Record growth of MicroStrategy stock
In 2024, MicroStrategy's stock soared by 402%, raising the company's market cap to $83 billion. This trend is linked to MicroStrategy's active policy of acquiring Bitcoin.
Bitcoin's impact on company success
As of December 23, the company holds approximately 444,262 BTC, worth over $45 billion at current prices. Bitcoin's price surged by 120% in the first half of 2024, driven by factors such as the approval of a spot Bitcoin ETF and geopolitical endorsements. These events significantly impacted the value of crypto-linked stocks.
Future plans: capital increase
MicroStrategy announced its intention to hold a shareholder meeting in early 2025 to vote on proposals to increase the number of shares. This is part of the company's strategy to raise $42 billion through equity and fixed-income instruments. Company chairman Michael Saylor noted that these measures strengthen the company's position as a BTC treasury firm.
MicroStrategy's stock growth in 2024 highlights the importance of strategic decisions in cryptocurrency investments. The company's future plans to increase its share capital demonstrate confidence in its continued success.
