Microstrategy’s stock hit a 24-year high
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MicroStrategy's stock hit an all-time high of $340, the first since the dot-com bubble in 2000. The company holds 279,420 BTC, with its bitcoin holdings generating a windfall of $11.4 billion.
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MicroStrategy stock hit a new all-time high of $340 today, a historic high not seen since March 2000 at the height of the dot-com bubble.
The stock's performance came on the heels of Bitcoin's recent surge, reaching above $87,000, a rally influenced by Donald Trump's re-election and the Federal Reserve's latest interest rate hike.
MicroStrategy positions itself as the largest corporate bitcoin holder, with approximately 279,420 BTC.
Earlier today, the company announced another significant Bitcoin acquisition, adding to its already impressive holdings.
At an average purchase price of around $42,800, MicroStrategy now has a windfall of around $11.4 billion on its Bitcoin portfolio.
The company's stock has outperformed most S&P 500 companies and delivered more than 500% returns this year.
The recent move by MicroStrategy shares coincides with bitcoin trading above $87,000, highlighting the strong correlation between the company's stock performance and bitcoin prices.
MicroStrategy has continued its bitcoin acquisition strategy since 2020, maintaining its position as the largest corporate owner of the digital asset.
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