MicroStrategy’s stock price surged 100% month-on-month, analysts are optimistic about outperforming Intel
According to Google Finance data, in the past month, the stock price of MicroStrategy, a listed company that holds the largest number of Bitcoins in the world, has soared by more than 100%, and its market value has officially exceeded US$100 billion.
Analysts revealed to foreign media (Cointelegraph) that MicroStrategy’s share price is expected to rise further, and its market value is even expected to surpass that of chip maker Intel. Currently, Intel's market capitalization is approximately $102 billion.
On November 20, MicroStrategy became the most actively traded stock in the United States, surpassing well-known companies such as Tesla and Nvidia.
Benchmark financial analyst Mark Palmer adjusted MicroStrategy's stock target price from $300 to $450 and predicts that Bitcoin will surge to $225,000 by the end of 2026.
Palmer pointed out that although MicroStrategy's Bitcoin strategy has been questioned, the stock price performance over the past four years has fully proven the correctness of the strategy.
Source: Google Finance Data MicroStrategy One Month Stock Price Change
MicroStrategy expands the size of its convertible bonds to $2.6 billion
Between November 11 and 17, MicroStrategy completed the largest Bitcoin purchase plan in history, buying 51,780 Bitcoins for $4.6 billion.
Currently, the amount of Bitcoin held by MicroStrategy has reached 330,000 coins, with a total value of approximately $40 billion.
On November 20, MicroStrategy further announced that it would expand the size of its convertible bond issuance from the original $1.75 billion to $2.6 billion, with an interest rate of 0%.
This fund will be entirely used to purchase more Bitcoin, a move interpreted by the market as a strong signal of confidence in Bitcoin's prospects.
(Crypto City) Previously reported, MicroStrategy founder Michael Saylor recently stated that Bitcoin will not fall back to $60,000 and will only continue to rise, expecting to break $100,000 in November or December.
As of today (the 21st), Bitcoin has surpassed $97,000, and funds into the U.S. Bitcoin spot ETF continue to flow in, with a net inflow of $816 million on November 19.
Bitcoin yield will become an indicator for assessing MicroStrategy's value
It is worth noting that during MicroStrategy's earnings call in early August this year, they proposed an innovative performance indicator: Bitcoin Yield (BTC Yield KPI).
This indicator will calculate the ratio between Bitcoin holdings and issued shares, providing a new basis for the company's value assessment.
Analyst Mark Palmer believes that compared to traditional comparisons of market capitalization and net asset value, Bitcoin yield will become a more meaningful indicator when assessing MicroStrategy's company value.
Source: MicroStrategy MicroStrategy Third Quarter Earnings Report
Michael Saylor hinted in an interview with (CNBC) that MicroStrategy's future pace of Bitcoin purchases may be faster than originally planned.
As MicroStrategy continues to buy Bitcoin in large amounts, coupled with the continuous inflow of funds into the U.S. Bitcoin spot ETF, market bullish sentiment towards cryptocurrencies continues to rise, and U.S. stock investors are becoming increasingly confident in MicroStrategy's Bitcoin strategy.
Further Reading: Foreign media once mocked him as a 'Loser'! MicroStrategy founder: I made $10 billion from Bitcoin
'Stock price up 100% in a month! MicroStrategy's Bitcoin strategy is extremely useful, and its market value is expected to outperform Intel?' This article was first published in 'Crypto City'
