MicroStrategy’s Bitcoin Leverage Drives Stock Value Beyond Cryptocurrency

MicroStrategy’s massive Bitcoin holdings, now worth over $75.8 billion, have propelled the company’s stock value far beyond its cryptocurrency asset value. This surge in share price is attributed to a combination of leverage, liquidity driven by deep options markets, and benefits derived from index inclusion by major equity indices like NASDAQ 100, MSCI, and Russell 1000. The company’s strategy of utilizing debt and credit facilities to amplify its Bitcoin position has contributed significantly to this impressive valuation.