MicroStrategy CEO Michael Saylor speaks at the Bitcoin 2021 Convention, a crypto-currency ... [+] conference. However, it is its bitcoin holdings that are driving its stock price and market cap. MicroStrategy and bitcoin prices with how much the company has spent on bitcoins StockCharts.comMarket cap has increased by 4x but driven by debtMicroStrategy’s market cap has risen from $1.5 billion at the end of 2019 to over $6.1 billion. Both of these strategies will depend on market conditions.”MicroStrategy and bitcoin prices:July 27, 2020: $117.66 Bitcoin: $10,990July 28, 2020: $117.81 Bitcoin: $10,912July 29, 2020: $122.74 Bitcoin: $11,100MicroStrategy buys more than $1 billion worth of bitcoin. As you can see below when the company announced its results bitcoin was over $30,000.

Source: Forbes July 31, 2021 04:30 UTC