MicroStrategy’s Stock Soars Amid Bitcoin Holdings Growth
MicroStrategy has 214400 bitcoins, which made its price jump by 146% this year and is now over 30 billion dollars in market capitalization. Consequently, it was added to many major index funds.
Despite falling down 11% since the beginning of this year, MSCI World Index will include MicroStrategy (MSTR) on 31 May according to Reuters article published on May 15.
At the same time, Investing.com disclosed about MSTR becoming part of Russell 100 with SuperMicro Computers (SMCI). Yet Russell 200 can boast only 3% rise over these months, whereas SMCI went up by 210%.
READ MORE: Indian Warren Buffet Skeptical About Bitcoin’s Future
They are sometimes referred two micros because they have done so well on stock market.
Forbes announces that MicroStrategy (MSTR) will be entering Russell 100 index on 28 June during its annual reconstitution.
With the possible rise in Bitcoin prices MicroStrategty may build from this high on its BTC investment to attract passive investments or even buy more Bitcoin it aims at reaching the mark of S&P 500.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
