MicroStrategy stocks, which are listed under the ticker MSTR, have experienced an impressive 450% year-to-date increase, surpassing Bitcoin’s 110% rise during the same period. The surge in MicroStrategy’s stock value has caught the attention of major Wall Street investors such as Vanguard, Morgan Stanley, and Capital International Investors.
MicroStrategy currently holds the title of the world’s largest corporate holder of Bitcoin (BTC), with approximately 331,200 BTC in its possession valued at around $29.7 billion. The company made a significant investment of $4.6 billion on Monday, marking its largest single-day acquisition to date.
According to MicroStrategy’s 13F report, which institutional investors must submit quarterly to the SEC, the number of institutional investors has increased from 667 to 738. Their total holdings are now valued at $15.3 billion as of the end of September. Analyst Mark Palmer highlighted MicroStrategy’s unique strategy of generating compounding yield from its Bitcoin holdings by leveraging frequent access to U.S. Capital Markets, setting it apart from other options like Spot Bitcoin ETFs.
In the third quarter, both Vanguard Group and Capital International Investors purchased approximately 16 million shares each, representing a 1000% increase in their MSTR holdings. Morgan Stanley also boosted its investment by acquiring 8 million shares, signaling a 500% increase from the previous quarter. Additionally, Goldman Sachs and Bank of America added 696,000 and 766,000 shares, respectively, to their holdings, following significant purchases from the previous year. State Street and Susquehanna International Group, a global quantitative trading firm, collectively purchased 5.3 million shares.
Although these new investments represent a fraction of these companies’ overall portfolios, the growing confidence in MicroStrategy’s position in the crypto market is evident. In the latest trading session, MSTR closed at $384 per share, resulting in a market cap of $78 billion, a significant increase of 12.96%. Comparatively, Microsoft saw a modest rise of 0.18%, Tesla stocks increased by 5.62%, and Nvidia experienced a decline of 1.29%. MicroStrategy’s focus on Bitcoin appears to be paying off, putting it ahead of the pack in terms of stock performance.
