{"id":12030,"date":"2024-03-27T11:36:56","date_gmt":"2024-03-27T09:36:56","guid":{"rendered":"https:\/\/forklog.com\/en\/microstrategy-shares-reach-24-year-high\/"},"modified":"2024-03-27T11:36:56","modified_gmt":"2024-03-27T09:36:56","slug":"microstrategy-shares-reach-24-year-high","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/microstrategy-shares-reach-24-year-high\/","title":{"rendered":"MicroStrategy Shares Reach 24-Year High"},"content":{"rendered":"<p>On March 26, MicroStrategy&#8217;s market capitalization reached a new high of $31.85 billion, the highest since March 2000. This daily increase of 1.13% was driven by Bitcoin&#8217;s recovery to $70,000.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/1-972.webp\" alt=\"1-972\" class=\"wp-image-229387\"\/><figcaption class=\"wp-element-caption\">Daily chart of MicroStrategy shares on Nasdaq. Data: <a href=\"https:\/\/finviz.com\/quote.ashx?t=MSTR&#038;p=d\">Finviz<\/a>.<\/figcaption><\/figure>\n<p>The stock closed the day at $1877, setting a new intraday record of $1909.5.<\/p>\n<p>Since the beginning of the year, MicroStrategy&#8217;s market capitalization has nearly tripled, with a 135.7% increase in the last month alone.<\/p>\n<p>Interest in the company&#8217;s shares is fueled by the cryptocurrency market rally and the firm&#8217;s Bitcoin strategy.<\/p>\n<p>On March 19, it was revealed that the company made another purchase of coins. MicroStrategy added 9245 BTC to its holdings, spending $623 million. The company&#8217;s cryptocurrency reserves have reached 214,246 BTC, exceeding 1% of the total issuance of digital gold.<\/p>\n<p>MicroStrategy used proceeds from the issuance of convertible senior notes amounting to $592.3 million, along with $30.7 million of its own cash.<\/p>\n<p>The 214,246 BTC held by the company are valued at $14.98 billion, according to <a href=\"https:\/\/bitcointreasuries.net\/\">BitcoinTreasuries<\/a>. The unrealized profit is approaching 100%.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/2-751.webp\" alt=\"2-751\" class=\"wp-image-229388\"\/><figcaption class=\"wp-element-caption\">Data: BitcoinTreasuries.<\/figcaption><\/figure>\n<p>Previously, its founder Michael Saylor stated that in the near and long term, <a href=\"https:\/\/u1f987.com\/en\/news\/michael-saylor-rules-out-bitcoin-sales-from-microstrategys-holdings\">the firm does not intend<\/a> to sell its holdings of the first cryptocurrency.<\/p>\n<p>MicroStrategy <a href=\"https:\/\/u1f987.com\/en\/news\/microstrategy-shifts-focus-to-bitcoin-development\">plans to refocus<\/a> as a &#8220;Bitcoin and Bitcoin-based product development company.&#8221; Since its inception, it has concentrated on creating and supporting analytical software.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On March 26, MicroStrategy&#8217;s market capitalization reached a new high of $31.85 billion, the highest since March 2000. This daily increase of 1.13% was driven by Bitcoin&#8217;s recovery to $70,000. Daily chart of MicroStrategy shares on Nasdaq. Data: Finviz. The stock closed the day at $1877, setting a new intraday record of $1909.5. Since the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12029,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1207,1211],"class_list":["post-12030","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-microstrategy","tag-stock-market"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12030","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=12030"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/12030\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/12029"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=12030"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=12030"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=12030"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}