MicroStrategy (MSTR) price hits all-time high.

MicroStrategy ( MSTR ) — the world's largest corporate bitcoin holder — advanced to a new all-time high for the first time in 24 years amid Bitcoin's post-election rally on Monday.

The return of victory of micro-strategy

On Monday, MSTR opened at $296 per share—up about 10% from Friday's close. Soon after, the stock surged throughout the day to $340 by the end of the day — a new record high for the decades-old software company.

The company's last high was in March 2000 during a short week of $313 per share. In the year In May, the stock quickly fell to $17, and by July 2002 it was below $0.50.

MSTR spent the next two decades below $20 per share until Microstrategy moved its entire treasury to BTC in August 2020. Since then, the company's value has risen significantly, and its stock has begun to trade closely with BTC as a proxy for the digital asset. .

MicroStrategy has spent the past four years using leverage and stock offerings to accumulate as much bitcoin as possible. The company now owns 279,420 BTC, and is now sitting on $12.6 billion in profits, according to Saylortracker.

MSTR is greater than Bitcoin

With the company's recent stock rally even higher than Bitcoin, the company's total market capitalization is now close to 3X the value of BTC on its balance sheet. MSTR is up 396% year to date, compared to BTC's 109% increase.

On Monday, Microstrategy Executive Chairman Michael Saylor announced another purchase of 27,200 BTC for $2.03 billion – his largest purchase yet.

“Our $MSTR treasury operations resulted in a BTC yield of 7.3% in the first 10 days of November, a net gain of ~18,410 BTC for our shareholders,” he tweeted on Monday.

Last month, MicroStrategy announced its three-year plan to buy $42 billion worth of bitcoin. Specifically, the 21/21 plan includes raising $21 billion in fixed income securities offerings, and another $21 billion in equity offerings.