Finance Associated Press, December 27 (edited by Zhou Ziyi).In the U.S. ** field, have you heard of the company MicroStrategy?It is an enterprise software company and the largest publicly traded company in the world with the largest Bitcoin holdings.
Microstrategy has had an outperforming year. Its year-to-date performance has outperformed the seven tech giants (Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta, and Tesla) while also outperforming Bitcoin's gains, almost all thanks to the company's mega-bet in the crypto space that has paid off by a large margin.
According to statistics, since 2020, MicroStrategy has accumulated 174,530 bitcoins, and the current reserve value is about $7.4 billion.
In November alone, MicroStrategy bought $5$9.3 billion in Bitcoin (about 16,130 tokens), the largest since February 2021, when the company spent $1 billion on Bitcoin.
The largest corporate buyer of Bitcoin
While MicroStrategy has been a software company for 35 years, it has gained popularity in recent years for its status as the largest corporate buyer of Bitcoin. Michael Saylor, the company's co-founder and chairman, has said that he wants to get as much Bitcoin as possible.
The enterprise software company has made the purchase of Bitcoin part of its corporate strategy, making it the public company with the most digital asset holdings.
Microstrategy currently has a market capitalization of $8.4 billion, which means that about 90% of its value is pegged to Bitcoin.
Bitcoin's ** has surged by about 152% this year. The main factor underpinning this rally is optimism that US regulators will soon approve spot bitcoin exchange trading** (ETFs) for the first time.
And Microstrategy** is more than twice as big as BitcoinIts share price has surged 319% year-to-date
In addition, the company has also outperformed tech giants such as Nvidia and Meta, with the latter two shares up 244% and 185% respectively this year. In fact, MicroStrategy has outperformed almost all U.S. companies with valuations above $5 billion.
In an interview last week, Thaler said, "Bitcoin is not going to zero, but to a million dollars." ”
The market generally believes that the cryptocurrency market has ushered in a spring, driving the entire industry. Cryptocurrencies such as Coinbase and Marathon Digital have also been rising by triple digits this year.
Wall Street is also bullish on Bitcoin. Standard Chartered said last month that bitcoin would still more than double to $100,000 by the end of next yearIn October, analysts at Bernstein & Co. said that bitcoin could reach $150,000 by mid-2025.
Finance Associated Press Zhou Ziyi).