MicroStrategy’s Increasing Bitcoin per Share
Adam Back, the CEO of Blockstream, has highlighted the growing recognition of MicroStrategy’s increasing Bitcoin per share. He suggests that investors should consider buying MicroStrategy stock with Bitcoin.
MicroStrategy’s Success in Comparison to Bitcoin
Back’s comments were in response to Ecoinometrics’ observation that MicroStrategy is performing well when compared to the current performance of Bitcoin. The chart shows MSTR’s stock price outperforming Bitcoin.
MicroStrategy’s Bitcoin Holdings and Recent Purchase
MicroStrategy’s growing attention is not surprising, as the company continues to accumulate more Bitcoin according to its Treasury Reserve Allocation policy. Recently, the firm purchased an additional 16,130 BTC for $593.3 million, bringing its total holdings to 174,530 BTC.
MicroStrategy’s Profit and Stock Performance
The current price of Bitcoin at $38,875.79 puts MicroStrategy in a significant profit position. Additionally, MicroStrategy’s stock price is performing well in the market, reaching $529.98 per share with a 0.44% increase.
Hot Take: MicroStrategy’s Bitcoin Strategy Pays Off
MicroStrategy’s consistent acquisition of Bitcoin has proven to be a wise strategy as both its Bitcoin holdings and stock price continue to rise. The company’s success showcases the potential benefits of integrating Bitcoin into corporate treasury strategies.
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