Microstrategy and the Bitcoin Craze – Insider Weekends
Key Insights:
- Microstrategy was founded in 1989 as a business software solutions company, but starting in August 2020, began to purchase large amounts of Bitcoin.
- The company now calls itself a “Bitcoin Development Company” – where the sole goal is to acquire more Bitcoin and further develop the Bitcoin network.
- Microstrategy funds its purchases of Bitcoin primarily through stock offerings and other debt offerings like convertible bonds and notes. In the first half of March 2024 alone, the company announced two separate debt offerings totaling $1.1 billion.
Microstrategy Inc. (MSTR): $1,782.36
Market Cap: $30.24B
Enterprise Value: $32.45B
How has a business software solutions company that sees no revenue growth and constantly flips from profitable to unprofitable run up over 565% in the last year? Bitcoin.
Only plus or premium subscribers can access this post. Subscribe today.
