MicroStrategy Reaches New High With Its BTC Holdings

MicroStrategy shares ended Black Friday surpassing the $500 mark, reaching their highest level since December 2021 and raising its market capitalization to $7.33 billion, as reported by Nasdaq in NY.

Michael Saylor, founder of MicroStrategy, highlighted to CNBC in early November the forecast of an increase in market demand for BTC and a reduction in supply, considering these factors to be unprecedented in the history of Wall Street. This optimistic outlook shapes MicroStrategy's confidence over the next 12 months.

MicroStrategy's long-term strategy of holding BTC in its portfolio has proven successful. Despite a start to the year with quarterly losses, the value of its shares doubled in just one month. The company is one of the top institutional holders of BTC, owning around 0.75% of the total circulating supply.