Michael Saylor's Strategy Hits Market Cap High as Bitcoin Soars

Michael Saylor’s MSTR strategy is living its best life right now. The company just closed the day with its highest-ever market cap, and it’s all thanks to Bitcoin’s continued flirtation with record highs. As Saylor himself proudly shared in a post on X, “MSTR just closed at an all-time high market cap.” Well, congratulations, Michael!

MSTR’s Stock Price Gearing Up for New Highs

MSTR’s stock has been on a wild ride lately, climbing 21.52% over the past month. It closed at a solid $455.90 on Wednesday, according to Google Finance data. And hey, while MSTR is basking in its glory, Bitcoin has also been flexing. It’s up 10% over the last month, reaching a new high of $122,884 on Monday before pulling back slightly to $118,413 at the time of writing, according to Nansen data.

But don't just take our word for it, options trader Sean Trades is already calling it: MSTR is “gearing up for the next leg to all-time highs.” Could this be the start of something even bigger? We’ll see.

Despite the all-time high market cap, MSTR is still trading 19% below its peak price of $543, which it hit back on Nov. 20. Still, that hasn’t stopped the firm from issuing more stock to raise funds for its Bitcoin hoarding strategy. Yep, it’s all about buying more Bitcoin, baby.

MSTR’s 11th Day of S&P 500 Qualification

Strive Funds’ Bitcoin Strategy VP, Jeff Walton, dropped an interesting tidbit in an X post on Wednesday: it’s MSTR’s 11th day qualifying for the S&P 500.

In case you missed it, back in May, during the Financial Times documentary Michael Saylor’s $40 Billion Bitcoin Bet, Walton boldly predicted that MSTR would soon become the “number one publicly traded equity in the entire market” thanks to its Bitcoin-fueled financial muscle.

And, in case you were wondering just how much Bitcoin MSTR has been scooping up, the company announced it acquired 4,225 Bitcoin last week for a cool $472.5 million in a US Securities and Exchange Commission filing. Yeah, that’s some serious buying power.

MSTR’s latest earnings report is dropping on August 5, but let’s be real, it’s not exactly been smooth sailing. The firm has reported net losses for the last three quarters. Still, with all this Bitcoin piling up, is the future looking brighter? Only time will tell. Stay tuned!

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