- MicroStrategy’s MSTR posted an annual gain of 342%, compared to BTC’s 122%.
- However, continued weakening of BTC could push MSTR lower in January.
MicroStrategy bought another 2,138 Bitcoins ($209 million) at the end of the year, bringing the total holdings to 446.4K coins, worth more than $41 billion.
BTC’s corporate finance pioneer is now in charge 2.12% of the total BTC supply, and the main beneficiary was MSTR shareholders.
On a YTD (year-to-date) basis, MSTR gained 342%, while BTC gained 122% over the same period.
Source: BTC vs MSTR Performance, TradingView
That meant that MSTR investors would outperform their BTC counterparts by almost three times in 2024. Interestingly, both assets overshadowed gold and US stocks (S&P 500), which posted annual gains of 26% and 24% respectively.
What’s next for BTC and MicroStrategy in 2025?
The company plans to expand its share issuance program to 10 billion MSTR shares to accelerate its BTC buying spree. Most analysts believe that this could increase the value of BTC.
Blockware even predicted that BTC could reach $225,000 or $400,000 by 2025 if the adoption of BTC corporate bonds accelerates alongside the creation of a US strategic reserve of BTC.
However, according to the Blockware team, BTC could only reach $150,000 in a bear case scenario.
However, QCP Capital predicted that BTC could remain muted in January, citing seasonal trends. If so, MSTR’s short-term gains could be limited until the market recovers.
In the meantime, MSTR was down 45% from its recent peak of $543 and was defending $300 at the time of writing. This followed BTC’s sharp drop from $108,000 to $92,000.
Any further weakening could provide discounted buying opportunities for MSTR, especially if the market rebounds in January.
Source: MSTR, TradingView