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
```html
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
```
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