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MicroStrategy (MSTR) has reported significant gains in 2024 due to its transformation into a Bitcoin investor. Since joining the Nasdaq 100 index in November, the company’s stock has experienced nearly a 50% drop. However, the stock has surged by 600% since the beginning of the year.
Bitcoin and ETF Performance
Bitcoin (BTC) 
$101,853 also recorded a 100% increase in 2024. The reward halving that occurred in April and the approval of spot exchange-traded funds (ETFs) in the U.S. in January have led to increased demand for Bitcoin. The iShares Bitcoin Trust (IBIT) ETF achieved over 100% returns, becoming the fastest ETF to reach a $50 billion asset target.
Ethereum (ETH) 
$2,538 increased by 42%, while Solana 
$170 (SOL) saw a 79% rise. Despite the overall underperformance of Bitcoin mining companies, Bitdeer (BTDR) experienced a 151% increase, and WULF (WULF) rose by 131%. The Valkyrie Bitcoin Miners ETF (WGMI) also saw approximately a 30% uptick.
Stock Market and Economic Indicators
The technology-heavy Nasdaq 100 Index rose by 28%, while the S&P 500 Index gained 25%. Gold increased by 27% compared to the S&P 500. U.S. Treasury yields have risen throughout the year, with the Dollar Index (DXY) reaching its highest level since September 2022. West Texas Intermediate (USOIL) remained around $71 at year-end.
Concerns over U.S. inflation and budget deficits, combined with geopolitical uncertainties, have led to significant increases in bond yields. The 10-year bond yield rose by 15% over the year, reaching 4.5. After the central bank began cutting interest rates, bond yields unexpectedly continued to rise.
As the new year approaches, discussions concerning the U.S. debt ceiling, the new President’s policies, and the sustainability of the U.S. economic growth narrative will be closely monitored.
Despite the fluctuations in financial markets, MicroStrategy remains a leader among high-performing crypto-linked assets in 2024, boasting a 342% increase.
