Posted last week on X by the Kobeisi Letter: You can’t make this up:

MicroStrategy, $MSTR, closed the day with a market cap of $87.3 billion.

Meanwhile, the market cap of the 2 largest gold miners, Newmont, $NEM, and Barrick, $GOLD, closed the day at $49.2 billion and $31.0 billion, respectively.

Combined, the 2 largest gold miners have a market cap of $80.2 billion.

This means that MicroStrategy now has a market cap that is $7 billion LARGER than the 2 largest gold miners COMBINED.

All while #Bitcoin now has a market cap that is $60 billion larger than the entire market cap of Silver.

Not even hedge funds can ignore this anymore.
6:32 PM · Nov 19, 2024