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MicroStrategy Surpasses $100 Billion Market Cap, Now 93rd Largest Company at $108 Billion

Nov 20, 2024, 12:35 PM

MicroStrategy has achieved significant growth in its market capitalization, surpassing $100 billion and reaching a valuation of $108 billion as of November 20, 2024. This milestone positions the company as the 93rd largest publicly traded company in the United States, according to various reports. MicroStrategy's market cap has increased by $76 billion since September 2024. The company's rise in valuation is attributed to the ongoing momentum in Bitcoin prices, which have reached new highs, further bolstering investor confidence. As a result, MicroStrategy has entered the top 100 U.S.-listed companies by market cap, ranking 97th earlier in the week before climbing higher in the rankings. The company's stock, denoted as $MSTR, is now valued higher than established firms such as Intel and UBS.