MicroStrategy Joins Top 100 U.S. Public Companies Amid Bitcoin Surge

According to PANews, MicroStrategy (MSTR) has recently entered the ranks of the top 100 publicly traded companies in the United States, securing the 97th position. On Tuesday, the company's stock experienced a significant surge, climbing 12% to surpass the $400 mark and closing at $430. This remarkable performance resulted in a leap of 29 positions in the rankings, coinciding with Bitcoin reaching a new high of over $94,000.

In 2024, MicroStrategy has been one of the most closely watched companies, with its stock price increasing by more than 500% year-to-date, while Bitcoin has also seen a rise of over 100% during the same period. Notably, despite only adopting Bitcoin as a reserve asset in August 2020, MicroStrategy's performance over the past five years has outpaced that of NVIDIA (NVDA). MicroStrategy's stock has surged by 2,739%, compared to NVIDIA's 2,688% increase.

As of November 18, MicroStrategy holds 331,200 Bitcoins, with the current value of its holdings exceeding $30 billion. This strategic investment in Bitcoin has significantly contributed to the company's impressive market performance and its ascent into the top 100 U.S. public companies.

undefined