![](https://www.cryptocurrenciesnewz.com/wp-content/uploads/2024/05/i-1-730x486.jpg)
MicroStrategy is Added to MSCI Index
Business intelligence company MicroStrategy, the largest corporate holder of Bitcoin, has been added to a prominent global equity index following a significant surge in its stock price.
On Tuesday, MSCI (originally Morgan Stanley Capital International), a renowned provider of investment decision support tools, including equity indexes, announced that MicroStrategy is one of the three largest additions by market capitalization to its MSCI World Index, effective May 31.
As of April 29, after its latest Bitcoin acquisition, MicroStrategy holds 214,400 BTC, which has increased in value by 6.72%, bringing its current valuation to approximately $13.5 billion.
The company’s total acquisitions were made at a cost of $7.5 billion, or an average of $35,180 per Bitcoin, resulting in a paper profit of roughly $6 billion from its Bitcoin investments.
MicroStrategy’s stock price has experienced a dramatic rise since bottoming out alongside the cryptocurrency market in December 2022. Since then, its shares have increased more than eightfold and are up over 87% year-to-date, significantly outperforming Bitcoin’s 45% gains in 2024, according to TradingView.