MicroStrategy's Stock Surges 14%, Outpacing Bitcoin

MicroStrategy's (MSTR) stock surged 14% on August 19, outperforming Bitcoin's 6.11% gain.

The company's modified net asset value (mNAV) reached 1.05x, a slight premium over its net Bitcoin holdings.

This increase in mNAV came as the total reserve advanced 6.11%, with a total reserve of $62.409 billion and net reserves of $40.554 billion after accounting for debt and preferred claims.

Michael Saylor addressed shareholders, saying 'I feel your pain, but I think we have to be prepared to have difficult years,' and warned that ordinary shareholders must be ready for a timeframe extending as far as 10 years.