MicroStrategy (MSTR), which defines itself as a Bitcoin (BTC) development company, entered the list of top 100 publicly traded companies and ranked 97th.
The company, which saw a 12% price increase from $400 per share, jumped 29 places after its performance on Tuesday and is now trading at $430. The impressive performance coincided with bitcoin rising to an all-time high above $94,000.
MicroStrategy, which gained around 500% in value during the period when Bitcoin increased by over 100%, became one of the highlights of 2024.
The most impressive part of the statistics is that MicroStrategy, which adopted bitcoin as a treasury asset as late as August 2020, outperformed NVIDIA (NVDA) over the five-year period. MicroStrategy was up 2,739% while NVIDIA was up 2,688%.
MicroStrategy owns 331,200 bitcoins as of November 18, meaning its current assets are over $30 billion.