MicroStrategy’s market cap has surpassed $100 billion. The company has managed to significantly increase its value through Bitcoin purchases. Michael Saylor plans to advocate for the importance of Bitcoin investments to Microsoft’s board of directors.
MicroStrategy Receives Latest Bitcoin Purchase for $97,061 $BTC
level, bringing its market value to over $100 billion. The company is approaching Intel's $102 billion market value as of November 2024. This rapidly growing technology company, which has attracted attention with its cryptocurrency investments, has created a total asset of approximately $40 billion by purchasing 51,780 Bitcoins in the last week. $4.6 billion was spent for this purchase. As Bitcoin prices rose, the value of this investment also increased. MicroStrategy's Bitcoin purchases are having a big impact on the global crypto market.
Cryptocurrency analysts say that this strategic move by MicroStrategy accelerates the company’s financial growth and strengthens its leadership in the sector. Bitcoin reaching record levels supports the company’s decisions in this area. MicroStrategy’s shares attract attention on US stock exchanges thanks to their commitment to cryptocurrencies.
As of Nov. 20, MicroStrategy shares were the most actively traded stock, surpassing tech giants like Tesla and Nvidia. Bloomberg’s senior ETF analyst Eric Balchunas called it “one of the biggest market moves since GameStop.”
MicroStrategy Chairman Michael Saylor plans to make a presentation to the Microsoft board of directors on Bitcoin investment on December 10. Saylor emphasized that Bitcoin is an important investment tool that will shape the financial future of companies, saying, “Bitcoin presents a great opportunity for companies to protect shareholder value.” He also argues that Microsoft should take strategic steps.
Although the Microsoft board of directors evaluated this proposal within the framework of its current policies, the team led by Satya Nadella maintains a distant stance towards Bitcoin. Ethan Peck stated that rejecting Bitcoin could be risky for Microsoft in the long term. Saylor argues that not only Microsoft but also major technology companies such as Apple, Google and Meta should turn to Bitcoin investments. He draws attention to the importance of Bitcoin in terms of protecting and growing companies’ cash reserves.
These steps taken by MicroStrategy strengthen the company’s place in the financial world and encourage other tech giants to invest in cryptocurrencies. This new strategy focused on Bitcoin could also directly affect the future of the crypto market.
