MicroStrategy Jumps 15% to $111 Billion Market Cap, Ranks 93rd Among U.S. Public Companies

Nov 20, 2024, 02:38 PM

MicroStrategy Inc. has surged past a $100 billion market capitalization, ranking it 93rd among the top 100 publicly traded companies in the United States. The company's stock climbed 15% today, making it the most traded stock of the day. MicroStrategy has passed 40 companies on the market cap charts in the last 24 hours alone and is now valued at over $111 billion, surpassing firms like Intel and UBS. Since September, the company has added $76 billion to its market cap. The stock has soared over 600% year-to-date, propelled by its aggressive Bitcoin acquisition strategy. As of this week, MicroStrategy holds 331,200 bitcoins valued at approximately $30 billion. The company's recent $2.6 billion 0% convertible note offering underscores its commitment to expanding its Bitcoin holdings.