MicroStrategy’s Stock Outpaces Bitcoin by Fivefold Since January

Since the beginning of the year, MicroStrategy’s shares have surged by 650.2%, while the digital gold has risen by 123.1%. These figures are provided by MSTR Tracker.

The illustration also highlights MSTR’s advantage over the S&P 500 index (24.2%), Nvidia shares (194.6%), and other members of the “Magnificent Seven“.

The company’s total market value has exceeded $96 billion, reflecting an increased NAV to the valuation of the 331,200 BTC held on its balance sheet to 3.3x compared to 1.15x at the start of the year.

This metric’s dynamics show a divergence in capitalization growth relative to the increase in the price of digital gold over the same period.

On November 20, amid new records for the leading cryptocurrency, the company’s unrealized profit from bitcoin investments momentarily exceeded $16 billion. The market value of the coins was twice the book value.

The day before, MicroStrategy announced plans to issue five-year senior convertible bonds worth $1.75 billion to purchase digital gold. Later, the firm increased the issuance volume to $2.6 billion.

Earlier, ForkLog reported on the preparation of a presentation by MicroStrategy founder Michael Saylor on December 10 to Microsoft’s board of directors, proposing the use of the leading cryptocurrency as a treasury reserve asset.

In October, MicroStrategy unveiled the “Plan 21/21,” aimed at raising $42 billion over the next three years to purchase digital gold.

Back in previous statements, Saylor expressed his intention to transform the company into a bitcoin bank with a capitalization of $1 trillion.