Michael Saylor, co-founder and Chairman of MicroStrategy, has expressed a desire to enhance “intelligent leverage” for the company’s shareholders as it continues its strategy of investing heavily in the market’s leading crypto, Bitcoin. MicroStrategy’s shares have surged nearly 500% in 2024, significantly outpacing Bitcoin’s own 150% rise during the same period.
The company has emerged as a significant player in the cryptocurrency landscape this year, actively pursuing a bold plan to raise $42 billion exclusively for the acquisition and retention of Bitcoin. Despite concerns about the viability of its investment approach, MicroStrategy’s market capitalization has soared past $90 billion, leading to its inclusion in the Nasdaq 100 Index at the end of trading on Friday.
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