TechFlow news, November 20 — According to CoinDesk, MicroStrategy (MSTR) has entered the ranks of the top 100 publicly traded companies in the United States, currently ranking 97th. On Tuesday, the company's stock surged 12%, breaking through the $400 mark and closing at $430, propelling it up 29 positions. This remarkable performance coincided with Bitcoin hitting a new all-time high above $94,000.
In 2024, MicroStrategy has been one of the most watched companies, gaining over 500% year-to-date, compared to Bitcoin’s rise of more than 100% over the same period. The most striking figure is that despite only adopting Bitcoin as a treasury reserve asset in August 2020, within five years MicroStrategy has outperformed NVIDIA (NVDA). MicroStrategy has risen 2,739%, while NVIDIA gained 2,688%.
As of November 18, MicroStrategy holds 331,200 bitcoins, meaning its current holdings are worth over $30 billion.
