Bitcoin24h $105,694.18+3.43%

Ethereum24h $3,338.10+2.86%

XRP24h $3.17+2.75%

Solana24h $257.40+8.34%

BNB24h $702.06+2.95%

Dogecoin24h $0.3709+7.85%

Cardano24h $1.00+1.14%

TRON24h $0.2503+4.79%

Chainlink24h $26.19+8.33%

Avalanche24h $37.28+6.09%

The math behind MicroStrategy’s bitcoin bet

Bitcoin and MicroStrategy are both rallying with win-win math for bondholders and shareholders. Of course, the party can’t last forever.

Will MicroStrategy exceed bitcoin’s market cap in 2025?

MicroStrategy started 2023 with a market capitalization of just $1.8 billion. Today, this figure sits at $111 billion.

Michael Saylor’s Class B MicroStrategy stock outvoted Class A 10:1, but so much Class A now exists that he has lost voting control.

In 2023, MicroStrategy’s average bitcoin purchase price was near $30,000. Today, that average has jumped to near $50,000.

MicroStrategy executives boasted about the ability to yield higher bitcoin exposure per MSTR share over time. We read the fine print.