Hold onto your hats, folks! Despite the roller coaster ride, our friends at MicroStrategy are wowing us with some stellar long-term performance numbers. Picture this: a 342% year-to-date surge and a 121% boost over the past six months. Talk about a glow-up!
Now, let's dive into the drama. Our tech titan, MicroStrategy, saw its stock take a tumble, losing over 36% from its November high. This comes despite their bold play of scooping up Bitcoin like it's going out of style. According to the latest figures, MSTR shares wrapped up December 30 at $302.96, after bouncing between $301.75 and $320.01. But the plot thickens! After-hours trading saw another drop, nudging the stock down to $293.59.
Back in November, MSTR was riding high at $473.83, thanks to a jaw-dropping $21.8 billion in 24-hour trading volume. This was the same time MicroStrategy was on a Bitcoin buying spree, snapping up the digital gold as its price was smashing records left and right.
MicroStrategy isn't just any Bitcoin enthusiast; they're the biggest corporate hodler of BTC, adding another 2,136 coins to their collection. They're now sitting on a mountain of 446,400 BTC, worth a whopping $41.4 billion. Despite their relentless shopping, the stock seems to be stuck in a rut, not breaking past $411 in December.
But hey, when you zoom out, the picture's still pretty rosy. Over the past six months, MicroStrategy's stock has climbed more than 121%, and year-to-date, it's up 342%. Not too shabby!
Meanwhile, Bitcoin itself has been on a wild ride, dipping as low as $91,330 after hitting an all-time high of $108,135 in mid-December. As of now, it's trading at $93,800, which is just a hair above yesterday's numbers. Over the past month, it's shed nearly 3%, but over the past year, it's still up a solid 121%.
Now, here's where it gets juicy. There's a buzz around town about a link between MicroStrategy's Bitcoin buys and market shakes. Every time they announce a big buy, usually on a Monday, the market seems to wobble. Critics, like gold-loving Peter Schiff, argue that the company's purchases aren't packing the same punch they used to. This chatter coincided with Bitcoin losing 15% after the Federal Reserve dropped some hawkish hints.
Despite the naysayers, MicroStrategy, led by the ever-determined Michael Saylor, isn't breaking a sweat. They've bought their Bitcoin stash at an average of $62,428, now sitting on an unrealized gain of over $13 billion.
In another twist, they've announced a special shareholders meeting to discuss increasing authorized shares and expanding financial horizons. Looks like MicroStrategy is gearing up for more adventures in the crypto universe. Stay tuned, because this story is far from over!
