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MicroStrategy has reported a remarkable 477% increase in its stock price in 2024, making it one of the top performers among U.S. stocks. This surge follows a 346% gain in 2023 and has been attributed to the aftermath of Donald Trump's election victory, with shares rising 60% since that event. MicroStrategy's stock performance ranks second among U.S. tech firms valued at $5 billion or more, surpassing its previous peak from the dot-com era in 2000. The company's significant holdings in Bitcoin have contributed to this impressive growth, as institutional adoption of cryptocurrencies continues to rise.
CRYPTO STOCKS IN 2024: MSTR AND COIN SOAR, WHILE ARBK CRASHES 2024 saw crypto stocks split between winners like MicroStrategy (+402%) and Core Scientific (+307%) and losers like Argo Blockchain (-80%). With Bitcoin up 120% and institutional adoption booming, the market rewarded… https://t.co/BFTqLU3iik
MICROSTRATEGY HITS 400%—BUT ARGO TANKS 80% MicroStrategy smashed it in 2024, up 402%, thanks to its massive Bitcoin stash. Core Scientific wasn’t far behind at 307%, while Coinbase jumped 69% with a $1B buyback plan. On the flip side, Argo Blockchain tanked 80%, proving not… https://t.co/4tt9U7QOX0
Gold is slowly coming back into our financial system It explains why the gold price is up 30% YTD Gold producers benefit directly and are up as well YTD (20%) However the value of gold in-situ (underground) owned by exploration companies is down 24% this year! We are able to… https://t.co/EMlOaIbOfS