MicroStrategy Stock Skyrockets Amid Massive Bitcoin Accumulation
MicroStrategy's shares soar as the tech giant capitalizes on record-breaking bitcoin prices, solidifying its position as a leading corporate bitcoin holder.
Highlights
- MicroStrategy's stock price surges following bitcoin's historic highs.
- The company holds approximately $31 billion in bitcoin assets.
- Stock gains nearly 700% this year, outpacing bitcoin's own growth.
MicroStrategy continues its impressive rally with shares climbing sharply as bitcoin hits unprecedented price levels. The technology firm has aggressively expanded its bitcoin holdings, acquiring over 51,000 bitcoins recently, investing around $4.6 billion amid soaring prices above $90,000.
Currently, MicroStrategy's bitcoin portfolio totals 331,200 coins, valued at roughly $31 billion. This strategic accumulation has propelled its stock to nearly 700% growth this year, significantly outperforming bitcoin itself, which has just over doubled in value. The stock recently surged an additional 15%, reaching $495.98.
Despite its substantial holdings, MicroStrategy still trails behind BlackRock's iShares Bitcoin Trust (IBIT), which boasts 474,627 bitcoins, making it the largest bitcoin ETF.
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