MicroStrategy Achieves Significant Gains in Bitcoin Investments in 2024 – BitRss

MicroStrategy (MSTR) has reported significant gains in 2024 due to its transformation into a Bitcoin investor. Since joining the Nasdaq 100 index in November, the company’s stock has experienced nearly a 50% drop. However, the stock has surged by 600% since the beginning of the year.

Bitcoin and ETF Performance

Bitcoin (BTC) $93,695 also recorded a 100% increase in 2024. The reward halving that occurred in April and the approval of spot exchange-traded funds (ETFs) in the U.S. in January have led to increased demand for Bitcoin. The iShares Bitcoin Trust (IBIT) ETF achieved over 100% returns, becoming the fastest ETF to reach a $50 billion asset target.