On July 3, 2002, MicroStrategy’s stock (NASDAQ: MSTR) reached an all-time low of $0.42. As of November 22, 2024, the stock closed at $421.88, marking a significant recovery over the past two decades.

Michael Saylor, Executive Chairman of MicroStrategy, highlighted this remarkable turnaround in a recent tweet, stating,

“On July 3, 2002, $MSTR stock fell to an all-time low of $0.42. Yesterday, it closed at $421.88. Never. Never. Never give up.”

Saylor’s leadership has been instrumental in the company’s strategic decisions, particularly its substantial investments in Bitcoin.

Under Saylor’s guidance, MicroStrategy has become the largest corporate holder of Bitcoin, with holdings exceeding $14.6 billion as of September 2024. The company’s aggressive Bitcoin acquisition strategy has been a key factor in its stock price appreciation.

The company’s stock performance reflects its commitment to innovative investment strategies and resilience in the face of market fluctuations. Investors and analysts continue to monitor MicroStrategy’s financial maneuvers, particularly its ongoing involvement in the cryptocurrency market.

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