How High Will MicroStrategy Stock Soar If It Chooses XRP Over Bitcoin
MicroStrategy (MSTR) stock is one of the best-performing assets on Wall Street, undergoing a crucial facelift triggered about five years ago.
The embrace of Bitcoin as its treasury reserve asset has made a significant difference for the business intelligence and software firm.
With a growth of 3,477.51% over the past five years, MSTR stock has stood out; however, a major question remains unanswered.
How well could MicroStrategy have performed if it had adopted another top digital currency, such as XRP?
MicroStrategy and XRP Potential Analyzed
Before the adoption of Bitcoin, MSTR stock experienced mostly flat price growth. Investors began to place more value on the software firm due to the choice of its reserve asset.
Taking to the social media platform X, former Ripple Labs and IBM developer Matt Hamilton has shared a crucial take on what the fate of MicroStrategy would have been if it had adopted XRP instead.
As he showcased through a BTC and XRP comparison chart, investing the same USD in the latter could have doubled the firm’s portfolio to date.
In follow-up posts, Hamilton explained that investing in XRP could have helped push the price of the coin upward over the past five years.
The growth rate of both XRP and Bitcoin over the past five years has varied significantly. While BTC has had limited events disrupt its growth, XRP has had to survive a long-drawn legal battle with the US SEC.
However, with the case almost resolved, XRP has experienced significant growth over the past year.
According to market data, the XRP price has soared by 495% in the past year, while Bitcoin has only managed a 77% increase within the same period.
MSTR Stock Enters Wall Street Spotlight
Beyond the MSTR stock spotlight, MicroStrategy has registered enough milestones as one of Wall Street’s elite firms.
In a post shared on X, the company, now known as Strategy announced that its treasury now ranks as the 9th largest among firms listed on the S&P 500.
According to the chart shared, Berkshire Hathaway, the legacy firm founded by the iconic investor Warren Buffett, ranked as number 1.
The company holds $410 billion in its corporate treasuries. Occupying the top 5 positions are Amazon, Google, Microsoft, and Apple.
Following its sustained acquisitions of BTC, it now holds more than $71 billion in its corporate treasury.
While not an official metric for considering companies that will be added to the S&P 500 index, Strategy leads other firms, such as PayPal and ExxonMobil, in this regard.
With its strides, MSTR stock price target has been revised by analysts with a new high of $680 now in view.
Crypto Treasury Trends Picking Up Momentum
While MicroStrategy pioneered a crypto treasury move in the United States, other companies are now following its path.
Although many firms, such as Semler Scientific and GameStop, are pushing for a Bitcoin-first treasury, altcoins like Ethereum, XRP, and Solana are also gaining attention.
As reported earlier by TheCoinRepublic, SharpLink Gaming is stacking Ethereum at a breakneck pace.
In addition, Sol Strategies aims to be the MicroStrategy of Solana, backing the coin and its overall ecosystem initiative.
Webus International has gone all out on XRP in the wake of the legal clarity backing the digital currency as an asset class in the United States.
Other altcoins like Cardano, Hyperliquid, and Litecoin are also gaining momentum as reserve assets in what is becoming a new trend for investors.
The rationale is simple. With MicroStrategy boasting of multiple milestones, it has proven that crypto has a future, and every firm wants to align with that future with more prominent and relatively cheaper alternatives.
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