MicroStrategy has been added to the MSCI World Stock Index, a benchmark for global equity markets featuring stocks from developed countries. The announcement made by MSCI Inc. reflects MicroStrategy's recent share price rally, which saw an increase of 120% since February.
The company's stock has soared more than eightfold since December 2022, drawing the attention of investors and market analysts. MicroStrategy, led by executive chairman and Bitcoin proponent Michael Saylor, is the largest corporate holder of bitcoin, with over 214,000 BTC valued at approximately $13.5 billion.
MicroStrategy's shares have more than quadrupled over the past year, beating Bitcoin's surge of almost 130%. Despite the launch of U.S. Bitcoin ETFs, which might challenge MicroStrategy's role as a proxy for Bitcoin exposure, the company maintains four analyst buy ratings with an average 12-month price target of $1,678.75, as per Bloomberg data, almost 30% above its current stock level.
The company, headquartered in Tysons Corner, Virginia, recently announced its plan to develop a bitcoin-based "decentralized identity" solution. Its inclusion in the MSCI World Index, effective at the end of the month, not only marks a milestone for MicroStrategy but also signifies the potential for increased Bitcoin exposure in traditional investment portfolios.
