Michael Saylor’s Strategy Achieves Record Market Capitalization Amid Bitcoin Surge

According to Cointelegraph, Michael Saylor’s Strategy (MSTR) reached its highest market capitalization on Wednesday, coinciding with Bitcoin's continued proximity to record highs. The milestone was highlighted by Saylor in a post on X, noting the achievement of an all-time high market cap for MSTR. This development comes as MSTR's stock price has seen a significant increase of 21.52% over the past month, closing at $455.90 on Wednesday, as per Google Finance data. Bitcoin itself has experienced a notable surge, climbing 10% over the past month and reaching a peak of $122,884 on Monday before slightly retreating to $118,413 at the time of publication, according to Nansen data. Options trader Sean Trades expressed optimism in a post, suggesting that MSTR is preparing for another upward move towards all-time highs. Despite the new market cap record, MSTR's trading price remains 19% below its all-time high of $543, which was achieved on November 20. The company continues to issue stock as part of its strategy to accumulate Bitcoin. Further developments include MSTR's qualification for the S&P 500 for the 11th consecutive day, as noted by Jeff Walton, vice president of Strive Funds Bitcoin Strategy, in a post on X. Walton had previously predicted in a Financial Times documentary that MSTR would become the leading publicly traded equity due to its financial strength bolstered by Bitcoin. In a recent filing with the U.S. Securities and Exchange Commission, the company disclosed the acquisition of 4,225 Bitcoin for $472.5 million last week. MSTR is set to release its latest earnings report on August 5, following a series of net losses reported over the past three quarters. Readers are reminded that this article does not offer investment advice, and all trading decisions should be made based on individual research and risk assessment.