Michael Saylor’s Strategy hits record market cap amid Bitcoin surge
2025-07-17 06:40:40
Main Idea
Michael Saylor's company, MicroStrategy (MSTR), reached a record market cap amid a Bitcoin price surge, driven by its aggressive Bitcoin accumulation strategy and stock performance.
Key Points
1. MicroStrategy (MSTR) closed at an all-time high market cap, with its stock price rising 21.52% over the past month.
2. Bitcoin surged 10% over the past month, reaching new highs of $122,884 before slightly pulling back.
3. Despite the record market cap, MSTR's stock is still 19% below its all-time high of $543 from November 20.
4. MicroStrategy continues to issue stock to fund its Bitcoin accumulation strategy, recently acquiring 4,225 Bitcoin for $472.5 million.
5. The company has qualified for the S&P 500 for the 11th day, reinforcing its position in the market.
Description
Strategy’s executive chairman Michael Saylor took to social media on Wednesday to share the news after recently disclosing another major Bitcoin buy.
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