Outshines Nvidia, Tesla, and Microsoft

Since MicroStrategy decided to hold Bitcoins as part of its reserves, MSTR has outperformed some of the top tech giants on Wall Street, including Nvidia, Tesla, and Microsoft. 

The world’s largest corporate holder of Bitcoins witnessed its MSTR share price surge by 15% on Monday’s trading session, closing at $1,611. This follows the Bitcoin price pump to $65,000.

MSTR’s Consistent Outperformance

Microstrategy has outperformed Bitcoin at every stage throughout the last year and continues even today. While the Bitcoin price is up by 13% on the weekly chart, the MSTR share has gained more than 22% in the last five trading sessions. Notably, since the beginning of 2024, the MSTR share price has gained a huge 135% while Bitcoin has gained 44% during the same time. On a yearly chart, the MSTR stock is up by 258%. 

MicroStrategy’s current outperformance is attributed to its massive Bitcoin holdings on its balance sheet. Moreover, MicroStrategy recently announced the MSTR stock split in the ratio of 10:1 on Thursday to make the company’s shares more accessible to investors and employees. As per the company’s statement, the split will be effected on August 1, and shares will be distributed after the August 7 market close.

Rising Trend Of Companies Investing In BTC

Aaron Arnold from Altcoin Daily recently suggested that there’s a broader trend of investors turning into Bitcoin-related companies.  He pointed out that MicroStrategy is no longer unique in its strategy, mentioning Metaplanet, which also holds significant Bitcoin reserves. He also highlighted that other major players, like Dell, are signaling interest in Bitcoin, hinting at future shifts in market dynamics.

After MicroStrategy’s success, other small and mid-tier companies are considering having Bitcoin holdings on their balance sheets to boost their share prices. Metaplanet, also popular as Japan’s MicroStrategy, has accumulated 225 Bitcoin in the last two months, buying during the BTC price dips. During this period, Metaplanet’s share price surged by 500%.

The Upcoming Bitcoin Conference

Also, at the upcoming Bitcoin conference, any specific policy commentary from Trump should be extremely appealing to investors. If Bitcoin continues its impressive rise, MicroStrategy could have much more to gain than many of its peers since most of the company’s revenue and valuation is tied to its Bitcoin holdings.