Key Takeaways
- MicroStrategy shares surged again Wednesday, lifted by bitcoin's recent record-high.
- The technology company is the largest corporate holder of bitcoin, with about $31 billion worth in its portfolio.
- MicroStrategy stock is up nearly 700% this year, even outperforming bitcoin itself.
MicroStrategy (MSTR) shares rocketed higher again Wednesday, as the largest corporate holder of bitcoin reaps the benefits of 🅷record high pr🦂ices for the cryptocurrency.
The price of bitcoin hit a record of 澳洲幸运5官方开奖结果体彩网:more than $94,000 on Tuesday, and MicroStrategy has been buying a ton of it. Over a six-day span earlier this month, the technology company 澳洲幸运5官方开奖结果体彩网:acquired 51,780 bitcoin for roughly $4.6 billion, according to a recent regulatory filing, even with some prices already having crossed the $90,000 threshold.
All told, as of Sunday MicroStrategy held 331,200 bitcoin, which is worth about $31 billion at current prices. In fact, its shares have 澳洲幸运5官方开奖结果体彩网:outperformed bitcoin this year, soaring nearly 700% this year as𓂃 bitcoin has a bit more than doubled. Its stock, which has doubled this month, surged a further 15% to $495.98 in recent trading.
Notably, MicroStrategy still holds far less than the 474,627 bitcoin held as of yesterday by BlackRock's iShares Bitcoin Trust (IBIT), which is the largest bitcoin 澳洲幸运5官方开奖结果体彩网:exchange-traded fund (ETF).