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What will be MicroStrategy's stock price range by March 31, 2025?
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MicroStrategy's Market Value Hits $100B, Stock Soars 485% YTD on Bitcoin Buys
Nov 19, 2024, 03:12 PM
MicroStrategy Inc. has significantly expanded its Bitcoin holdings, purchasing an additional 51,780 BTC last week for $4.6 billion, bringing its total to 1.5% of Bitcoin's terminal supply. This acquisition outpaced the inflows into Bitcoin ETFs, which saw around $1.8 billion in net inflows last week. The company's stock surged nearly 13% on the news, with its market cap approaching $80 billion. Year-to-date, MicroStrategy's treasury operations have delivered a Bitcoin yield of 41.8%, effectively acquiring 246 BTC per day for shareholders without the typical costs associated with Bitcoin mining. Analysts have noted that MicroStrategy's aggressive Bitcoin acquisition strategy is a positive market signal, with the company's market value now topping $100 billion as Bitcoin hits new highs. The stock price of MicroStrategy has soared to $426, reflecting a year-to-date increase of 485%.
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