MicroStrategy overtakes Microsoft in all-time stock gains as Bitcoin bet pays off
MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.
MicroStrategy’s bet on Bitcoin is paying off handsomely as its stock soared more than 7% on Oct. 25, marking a new 25-year high at $236.
This was a continuation of a six-week rally for the world’s largest corporate Bitcoin holder, which has seen its share surpass Microsoft’s as the tech giant is set to vote on a proposal to publicly assess adding Bitcoin (BTC) to its balance sheet.
“MicroStrategy is soaring to a new all-time high!” observed crypto community Crypto Coin Coach in a post on X in response to the software company’s share price movement on Oct. 24.
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Author: Nancy Lubale
