MSTR Rises 3% In Wednesday Pre-Market: Michael Saylor’s Company Is Now Worth More Than The Combined Market Caps Of World’s Two Largest Gold Mining Companies
Posted On November 20, 2024
MicroStrategy Inc. (NASDAQ:MSTR) is making headlines as its stock climbs in pre-market trading, driven by Bitcoin’s impressive rally. The company’s market value has now outstripped the combined worth of the world’s two largest gold mining companies.
MicroStrategy saw its shares rise by 3.36% as Bitcoin’s price exceeded $93,000. According to Benzinga Pro, the company has now surpassed the market value of the two largest gold mining firms globally, Newmont Corporation (NYSE:NEM) and Barrick Gold (NYSE:GOLD).
The market capitalization of MicroStrategy stands at $96.732 billion, significantly higher than Newmont’s $49.16 billion and Barrick Gold’s $31.11 billion. This valuation boost follows the company’s recent acquisition of …
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