MicroStrategy Breaks Into the Top 100 U.S. Public Companies by Market Cap
Summary
MicroStrategy (MSTR) has entered the top 100 U.S. publicly traded companies, ranking 97th after a 12% share price increase to $430. This surge aligns with bitcoin reaching over $94,000. Year-to-date, MicroStrategy's stock has risen over 500%, outperforming NVIDIA with a five-year increase of 2,739%. The company holds 331,200 bitcoin, valued at over $30 billion. On November 18, MicroStrategy announced a $1.75 billion convertible senior note with a 0% coupon, maturing in 2029. The note could increase to $2 billion if oversubscribed. Pre-market trading shows a further 3% rise.
