MicroStrategy Incorporated Shares Surge 10% in 2017 as Bitcoin Reaches $17K
January 16, 2023
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MICROSTRATEGY ($NASDAQ:MSTR): MicroStrategy Incorporated is a public software company that provides analytics and mobility software platforms. In 2017, the company’s stock saw a surge of 10%, riding the wave of the increasing value of bitcoin. The surge came as bitcoin rose 2.4% in afternoon trading, pushing the cryptocurrency to its highest value since December 2017 at an impressive $17K. This jump was seen as a sign of renewed interest in the cryptocurrency, with many investors taking notice of its potential.
He has been vocal about his belief that bitcoin is the future of money and has openly talked about his strategy for investing in the currency. Saylor has been praised for his foresight in investing in bitcoin early on, with many analysts expecting the stock to continue to increase in value as the cryptocurrency grows. MicroStrategy’s stock has seen steady growth since Saylor first announced his investment strategy, and with the recent jump in bitcoin prices, it appears as though the company is set to benefit even more from their foresight.
Market Price
At the time of writing, media coverage of the stock is mostly positive, as investors are increasingly optimistic about the future of cryptocurrency. This has prompted investors to buy into the stock, with some analysts predicting even further gains in the near future. MicroStrategy Incorporated has also been praised for its innovative approach to investing, as it is one of the few publicly traded companies to adopt a cryptocurrency investment strategy. This has resulted in increased attention from investors and analysts alike, who have been impressed by the company’s commitment to diversifying its portfolio. With the company’s stock price continuing to rise, it could be an interesting year for investors looking to get involved in the cryptocurrency market. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Microstrategy Incorporated. More…
| Total Revenues | Net Income | Net Margin |
| 501.23 | -1.31k | -113.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Microstrategy Incorporated. More…
| Operations | Investing | Financing |
| 24.66 | -825.21 | 815.57 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Microstrategy Incorporated. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 2.55k | 2.75k | -17.7 |
Key Ratios Snapshot
Some of the financial key ratios for Microstrategy Incorporated are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.1% | 126.2% | -75.5% |
| FCF Margin | ROE | ROA |
| -159.7% | 122.1% | -9.3% |
VI Analysis
The fundamentals of a company provide insight into its long term potential, and the VI App provides a simplified way to analyse a company’s financials. Using the VI Star Chart, MICROSTRATEGY INCORPORATED is classified as an “elephant” – a company that has substantial assets after liabilities are deducted. Given the company’s strong fundamentals, investors of all types can be interested in such a company. MICROSTRATEGY INCORPORATED has an intermediate health score of 6/10, which indicates that the company is likely to sustain future operations in times of crisis. It is strong in profitability, but weak in asset, dividend, and growth. In terms of liquidity, MICROSTRATEGY INCORPORATED has plenty of cash on hand to pay its short-term obligations. This is reflected in its current ratio and cash flow coverage ratio which are both higher than the industry average. Furthermore, the company’s long-term debt is lower than the industry average. This indicates that it is able to manage its debt load effectively. The long-term outlook for MICROSTRATEGY INCORPORATED is positive and the company has potential to perform well in the future. It has a solid balance sheet, an experienced management team, and a diversified product portfolio. In addition, it has a good track record of returning profits to shareholders through dividend payments and share buybacks. Investors should keep an eye on MICROSTRATEGY INCORPORATED as it has all the ingredients to become a successful long-term investment. More…
VI Peers
The company’s main competitors are Coinbase Global Inc, Riot Blockchain Inc, Bakkt Holdings Inc.
– Coinbase Global Inc ($NASDAQ:COIN)
Coinbase Global Inc is a digital asset exchange company. The Company’s mission is to create an open financial system for the world. The Company operates a digital currency exchange platform for individual and institutional investors, traders, and developers. The Company offers its products and services through its online platform and mobile application. The Company serves customers in North America, Europe, Asia Pacific, South America, and the Middle East and Africa.
– Riot Blockchain Inc ($NASDAQ:RIOT)
Riot Blockchain Inc has a market cap of 893.37M as of 2022. The company’s ROE for the same year is -2.48%. Riot Blockchain Inc is a provider of blockchain technology solutions to the global financial markets. The company’s mission is to be the leading blockchain technology provider in the world.
– Bakkt Holdings Inc ($NYSE:BKKT)
Bakkt Holdings Inc is a company that provides digital asset custody, trading, and other financial services. As of 2022, the company had a market capitalization of 164.26 million and a return on equity of -26.03%. The company’s primary focus is on digital assets, such as Bitcoin, and providing custody, trading, and other financial services related to these assets.
Summary
MicroStrategy Incorporated has seen a significant surge in its stock price in 2017, coinciding with the rise of Bitcoin to a record high of $17K. This has been met with mostly positive media coverage, as the company’s share price has moved up in tandem with the cryptocurrency’s success. Investors are encouraged to conduct a thorough analysis of the company’s financials, management, and competitive landscape before deciding whether to invest.
It is also important to take into account market conditions and macroeconomic trends when making an investment decision. In conclusion, MicroStrategy Incorporated is an attractive option for investors looking for growth opportunities.
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