EddieJayonCrypto

 16 Jul 24

tl;dr

Microstrategy's (MSTR) stock price surged by 15% to $1,611 following Bitcoin's rise to $65,000. MSTR has outperformed Bitcoin, gaining 22% in the last five trading sessions, and 135% since the beginning of 2024. This outperformance is attributed to its substantial Bitcoin holdings. The company also ...

Microstrategy's (MSTR) share price surged by 15% to $1,611 following Bitcoin's rise to $65,000. MSTR has outperformed Bitcoin, gaining 22% in the last five trading sessions and 135% since the beginning of 2024, attributed to its substantial Bitcoin holdings. The company also announced a 10:1 stock split. Other crypto stocks, such as Coinbase (COIN) and Marathon Digital (MARA), have seen strong gains.

Small and mid-tier companies, inspired by Microstrategy, are considering adding Bitcoin to their balance sheets to boost their share prices. Japan's Metaplanet, dubbed as Japan's MicroStrategy, has seen a 500% surge in its share price after accumulating 225 Bitcoin in the last two months.

Microstrategy (MSTR) has outperformed Bitcoin at every stage throughout the last year, gaining more than 22% in the last five trading sessions and 135% since the beginning of 2024. The MSTR stock also outperformed some of the top tech giants on Wall Street, including Nvidia (NASDAQ: NVDA). Other crypto stocks like Coinbase (COIN) and Marathon Digital (MARA) have also delivered strong gains in recent times.

Following Microstrategy’s success, other small and mid-tier companies are considering having Bitcoin holdings on their balance sheet to boost their share prices. Japan’s Metaplanet, known as Japan’s MicroStrategy, accumulated 225 Bitcoin in the last two months, leading to a 500% surge in its share price.

More about MicroStrategy Incorporated

Stock Market Analysis: MicroStrategy Incorporated

MicroStrategy Incorporated provides global business analysis software and services. The company is headquartered in Tysons Corner, Virginia.

Sector: Technology

Industry: Services-Prepackaged Software

Market Cap: 24.77 billion

Dividend Yield: None

Beta: None

Price Change (52 Weeks): -10.6%

Price/Earnings Ratio: 32.62

Price/Sales Ratio: -0.174

Shares Outstanding: 489,592,000

Revenue: $1,959.82 million

Return on Assets: -0.775

Return on Equity: -0.055

More about Coinbase Global Inc
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Company: Coinbase Global Inc

Description: Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy. The company is headquartered in Wilmington, Delaware.

Sector: FINANCE

Industry: FINANCE SERVICES

Market Cap: 53,538,951,000

Current Price: $42.75

Dividend Yield: None

Price/Earnings Ratio: 5.1

Return on Equity: 15.83%

Beta: 0.357

Revenue: 3,777,835,000

EPS: $263.42

Net Income: 3.27

P/E Ratio: 1.156

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More about Marathon Digital Holdings Inc

Marathon Digital Holdings Inc

Marathon Digital Holdings, Inc. is a cryptocurrency mining digital asset technology company with a focus on the blockchain ecosystem and digital asset generation in the United States. The company is headquartered in Las Vegas, Nevada.

Sector: Real Estate & Construction

Industry: Patent Owners & Lessors

Market Cap: 5872072000

Current Price: 12.98

Dividend Yield: None

EPS: 1.6

P/E Ratio: 2.402

ROE: 0.956

Revenue: 501574000

Debt-to-Equity Ratio: 23.31

Current Ratio: 0.764

Quick Ratio: 2.231

More about NVIDIA Corporation

NVIDIA Corporation

Nvidia Corporation is an American multinational technology company incorporated in Delaware and based in Santa Clara, California. It designs graphics processing units (GPUs) for the gaming and professional markets, as well as system on a chip units (SoCs) for the mobile computing and automotive market.

Industry: MANUFACTURING, SEMICONDUCTORS & RELATED DEVICES

Market Cap: 317.99 Billion

PE Ratio: 75.6

EPS: 0.016

ROI: 1.71

ROE: 3.234

Beta: 0.534

Revenue: 79.77 Billion

Stock Price: 121.52

Dividend Yield: 6.5%

Net Income: 2.621 Billion

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