- MicroStrategy’s stock, MSTR, has exploded in the past year, growing nearly 300% since the start of 2024.
- The company has continually built its nuclear apocalypse portfolio of Bitcoin since 2020, with Michael Saylor and team now owning over 250k BTC.
- MSTR’s gains have beaten out Bitcoin over the same timeframe, suggesting traditional investors use MicroStrategy as a diversification tool.
- Metaplanet, the Japanese investment firm, is following in MicroStrategy’s footsteps following another 150+ BTC purchase.
It’s a good time to be a Bitcoin owner – just ask the biggest corporate Bitcoin owner in the world, MicroStrategy. The tech company has amassed a near unfathomable amount of BTC, currently coming in at 252,000. This is worth approximately US $17b (AU $25b), thanks to Bitcoin’s most recent rally to US $70k (AU $106k).
The bullish market conditions, paired with MicroStrategy’s obscenely large BTC portfolio, have caused the company’s public stock to sky-rocket.
Just check out the numbers from these timeframes:
- 1-day: +9%
- 5-day: +18%
- 1 month: +51%
- 6 months: +97%
- 1 year: +507%
These gains wouldn’t look out of place in the most feverish of crypto bull runs – and yet, they herald from a company listed on the Nasdaq.
Related: Cardano Founder: New Collab to Propel BTC DeFi Beyond Solana, Ethereum
MSTR Outpacing BTC, Demonstrating Investor Interest
The outcome of MicroStrategy’s stellar week (or month, or year…) has been a steadily growing market cap. At the time of writing, MSTR has a cap of over US $50b (AU $75b) and its highest stock price in over 20 years.
Interestingly, MicroStrategy’s equity has outperformed Bitcoin throughout 2024 – and quite comprehensively, too. BTC is up approximately 100% through the period, meaning MSTR grew by nearly 3x as much.
The relationship between MSTR and BTC’s price is deeply entwined, but it appears investors have prioritised MicroStrategy as a portfolio must-have instead of the real thing. Given the lack of management fees, high-net-worth traders may prefer the cost-efficiency of MSTR over spot Bitcoin ETFs, while enjoying the relative safety of traditional assets.
Although many of us may prefer the money being pumped directly into Bitcoin, MSTR’s overwhelming success does suggest there is a huge appetite for exposure into the crypto sector.
Meanwhile, MicroStrategy’s status as the corporate king of Bitcoin may be under threat…
Okay, not really. But still, they are far from the only company amassing huge numbers of the cryptocurrency.
Related: Bitcoin ETF Adoption Speeds Ahead: All Major Institutional Types, Including Emory University, Now Invested
Over in Asia, Japanese investment manager Metaplanet has been accumulating Bitcoin, with the team recently buying another 156.78 BTC. This purchase ticked the company’s holdings to over 1,000 BTC, valued at approximately AUD $106m.
Metaplanet is now Asia’s second-biggest corporate Bitcoin holder, trailing behind Chinese Web3 investor and game developer Boyaa Interactive.
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