Strategy, formerly known as MicroStrategy (MSTR), the Nasdaq-listed firm led by Bitcoin advocate Michael Saylor, closed Wednesday at its highest-ever market capitalization as Bitcoin (BTC) continues trading near record highs.
The MicroStrategy market capitalization spiked after the company’s stock surged 21.52% over the past month, peaking at $455.90, while Bitcoin itself gained 10%, briefly touching $122,884 earlier this week, according to data from Google Finance.
“MSTR just closed at an all-time high market cap,” Saylor announced in an X post on Wednesday, underscoring the firm’s bullish trajectory.
MicroStrategy market capitalization driven by Bitcoin bets
MicroStrategy’s relentless Bitcoin acquisition strategy remains the primary driver behind its stock performance. The company recently disclosed the purchase of an additional 4,225 BTC for $472.5 million, further solidifying its position as the largest corporate holder of Bitcoin.
“MSTR is gearing up for the next leg to all-time highs,” noted options trader Sean Trades in a social media post.
MSTR closed the trading day on Wednesday at $455.90. Source: Google Finance
Despite the recent peak, the stock still trades 19% below its November 2023 record of $543, as the company continues issuing shares to fund its Bitcoin purchases.
S&P 500 eligibility adds to momentum
Strive Funds Bitcoin Strategy vice president Jeff Walton highlighted that MicroStrategy has now met S&P 500 eligibility requirements for 11 consecutive days—a milestone that could attract institutional investors.
“MicroStrategy will become the number one publicly traded equity in the entire market,” Walton predicted in a recent Financial Times documentary, citing the company’s Bitcoin-backed financial strength.
While MicroStrategy’s market capitalization thrives, the firm has reported net losses for three consecutive quarters. Investors await its next earnings release on August 5 for clarity on whether Bitcoin’s rally can offset operational deficits.
Analysts remain divided on whether the MicroStrategy market capitalization growth is sustainable long-term or overly reliant on Bitcoin’s volatility. Still, Saylor’s unwavering commitment to BTC keeps the company at the forefront of crypto-linked equities.
Olivia Jackson is a US-based cryptocurrency writer and market analyst with a passion for decoding the complexities of blockchain technology and digital assets. With over five years of experience covering the crypto space, she specializes in breaking down market trends, regulatory developments, and emerging Web3 innovations for both retail and institutional audiences.
Her work has appeared in leading finance and tech publications, including CoinDesk, Decrypt, and The Block, where she provides data-driven insights on Bitcoin, DeFi, and the evolving regulatory landscape. Olivia is particularly interested in the intersection of traditional finance and decentralized systems, often exploring how macroeconomic shifts impact crypto markets.
