MicroStrategy's Bitcoin Bet Pays Off as Its Stock Outpaces the Cryptocurrency

The tech company has amassed a near unfathomable amount of BTC, currently coming in at 252,000. This is worth approximately US $17b (AU $25b)

Tech company MicroStrategy is now the biggest corporate owner of Bitcoin in the world. The company has a massive 252,000 BTC, currently valued at around US $17b (AU $25b) with Bitcoin’s recent rally to US $70k (AU $106k).

This is a truly mind-boggling amount of Bitcoin, and it’s had a major flow-on effect for the company. Thanks to the bullish market conditions and MicroStrategy’s obscenely large BTC portfolio, the company’s public stock has sky-rocketed.

Just check out the numbers from these timeframes:

These gains wouldn’t look out of place in the most bullish of crypto bull runs – and yet, they herald from a company listed on the Nasdaq.

MSTR Outpacing BTC, Demonstrating Investor Interest

MicroStrategy’s stellar week (or month, or year…) has resulted in a steadily growing market cap. At the last check, MSTR had a cap of over US $50b (AU $75b) and its highest stock price in over 20 years.

Interestingly, MicroStrategy’s equity has outperformed Bitcoin throughout 2024 – and quite comprehensively, too. BTC is up approximately 100% through the period, meaning MSTR grew by nearly 3x as much.

The relationship between MSTR and BTC’s price is deeply entwined, but it appears investors have prioritised MicroStrategy as a portfolio must-have instead of the real thing. Given the lack of management fees, high-net-worth traders may prefer the cost-efficiency of MSTR over spot Bitcoin ETFs, while enjoying the relative safety of traditional assets.

Although many of us may prefer the money being pumped directly into Bitcoin, MSTR’s overwhelming success does suggest there is a huge appetite for exposure into the crypto sector.

Japanese Firm Metaplanet Coming for MicroStrategy’s Throne

Meanwhile, MicroStrategy’s status as the corporate king of Bitcoin may be under threat…

Okay, not really. But still, they are far from the only company amassing huge numbers of the cryptocurrency.

Over in Asia, Japanese investment manager Metaplanet has been accumulating Bitcoin, with the team recently buying another 156.78 BTC. This purchase brought the company’s holdings to over 1,000 BTC, valued at approximately AUD $106m.

Metaplanet is now Asia’s second-biggest corporate Bitcoin holder, trailing behind Chinese Web3 investor and game developer Boyaa Interactive.