Originally published on: October 16, 2024
MicroStrategy has been making waves in the stock market by outperforming the S&P 500 index since 2020, leading to high market expectations for its continued bullish momentum.
According to onchain intelligence firm Arkham, shares of MicroStrategy have experienced unprecedented growth over the past four years. This data reinforces the recent surge in MicroStrategy’s market presence and influence.
Recently, leveraged MicroStrategy exchange-traded funds (ETFs) exceeded $400 million in net assets, driven by retail investor demand for leveraged exposure to Bitcoin (BTC). This surge in investment highlights the growing interest in MicroStrategy’s unique approach to holding Bitcoin on its balance sheet.
Renowned crypto analyst Tyler Durden believes that MicroStrategy’s stock is set for further upside momentum. Analyzing the data, Durden predicts that MicroStrategy’s stock price is on track for further growth, possibly continuing its impressive upward trajectory.
Over the past four years, MicroStrategy’s stock price has skyrocketed by over 1,540%, significantly outpacing the S&P 500’s growth of just 111%. This exceptional performance has captured the attention of investors and experts alike, setting MicroStrategy apart as a standout player in the market.
While MicroStrategy’s performance has been exceptional, it may still face challenges when it comes to being added to the S&P 500 index. Market experts suggest that MicroStrategy’s consistent negative bottom line may hinder its chances of inclusion, as profitability in the most recent year and quarter is a key requirement for S&P 500 eligibility.
Despite these challenges, MicroStrategy’s remarkable growth and unique strategic approach to holding Bitcoin have solidified its position as a key player in the market. With its impressive performance and continued momentum, MicroStrategy is showing no signs of slowing down, making it a stock to watch in the ever-evolving world of finance.
