MicroStrategy was included in major global stock indice.
The largest Bitcoin enterprise holder, business intelligence firm MicroStrategy, has been included in important global stock indices after its stock price soared.
On Tuesday, global investment decision support tool provider MSCI (formerly Morgan Stanley Capital International) announced that MicroStrategy has become one of the three largest new products by market value in its MSCI World Index, which will take effect on May 31.
Since the crypto market bottomed out in December 2022, MicroStrategy’s stock price has skyrocketed. According to TradeView’s data, its stock price has risen more than eight times since then, with a rise of over 87% so far this year, surpassing Bitcoin’s 45% increase in 2024.
Since its last acquisition of Bitcoin on April 29, MicroStrategy holds 214,400 Bitcoins, valued at approximately $13.5 billion. The total acquisition cost of MicroStrategy is $7.5 billion, with an average price of $35,180 per Bitcoin, which means the company earned approximately $6 billion in book profit from Bitcoin purchases.
Given its large holdings of Bitcoin (equivalent to over 1% of the total supply of 21 million Bitcoins), MicroStrategy is increasingly being used as a proxy for Bitcoin exposure in traditional markets, especially before the launch of Bitcoin exchange traded funds in the United States in January.
Earlier this month, MicroStrategy announced plans to launch a decentralized identity solution based on Bitcoin.
