Thursday, April 24, 2025

MicroStrategy’s Stock Soars 509% in 2024, Thanks to Trump and Bitcoin Boom

Yonhap News

As Nvidia, widely regarded as the prime beneficiary of the AI boom, saw its stock price jump 183% this year, another company has been making headlines for its staggering 509% stock price surge, fueled by the Trump effect and rising Bitcoin prices.

The company in question is MicroStrategy, the world’s largest corporate holder of Bitcoin. On Monday, MicroStrategy’s stock price surged 12.96% to $384.79 on the New York Stock Exchange, following news that the company had acquired 52,000 bitcoins.

Since Trump’s election, MicroStrategy’s stock has skyrocketed by 70%, by 509% in 2024 alone, and by 3,100% since August 2020. The surge in both stock and Bitcoin prices has driven MicroStrategy’s market value to unprecedented heights, outpacing even Nvidia.

According to a filing with the U.S. Securities and Exchange Commission (SEC), MicroStrategy acquired an additional 51,780 bitcoins between November 11 and 17.

This latest purchase follows the company’s acquisition of over 27,000 bitcoins from late October to November 10 and two separate purchases totaling 25,700 bitcoins in September. MicroStrategy’s Bitcoin holdings now stand at 331,200, worth approximately $30 billion.

MicroStrategy stated the reason for accumulating Bitcoin is to hedge against inflation.

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