MicroStrategy Stock Soars as Bitcoin Hits $100,000

MicroStrategy's MSTR stock price surged as Bitcoin hit a historic $100,000 milestone.

Azcnews Microstrategy Stock Soars As Bitcoin Hits $100,000

MicroStrategy (MSTR) stock has surged once again, surpassing $400 as Bitcoin hits a new high above $103,000. With a gain of more than 500% this year, MSTR has outperformed Bitcoin and is on track to hit new highs. This makes MSTR a top pick for funds looking to capitalize on the stock’s volatility.

MicroStrategy Stock Continues to Rally

MSTR stock is showing strength as it rebounds from its $350 low last week as Bitcoin breaks out of its consolidation phase. On Wednesday, MSTR stock rose 8.72%, surpassing $400 once again.

Microstrategy Stock Price
Microstrategy Stock Price

The stock also jumped 10% overnight as Bitcoin crossed the $100,000 mark. The company’s Bitcoin holdings have surpassed $40 billion for the first time. MicroStrategy raised $13.5 billion in November to buy 149,880 BTC at an average price of around $90,231 per BTC, co-founder Michael Saylor said.

Read more: Bitcoin Surges to $99,000 Amid Promising Signals

This strategy generated a 38.7% return on Bitcoin, which translates to a net gain of 97,500 BTC for shareholders, or an average of 3,250 BTC per day. That amounts to around $10 billion. As BTC prices continue to rise, the total value of MicroStrategy’s Bitcoin holdings (402,100 BTC) has surpassed $40.8 billion. This has allowed the company to make a whopping $18 billion profit on its Bitcoin investment.

Analysts from Bernstein have set a $600 price target for MSTR shares, suggesting a potential upside of 50% from current levels.

(2 votes)

3.5/5

(2 votes)

Latest

Crypto Market Faces Volatility Ahead Of Trump Tariff Pause Expiration

News | Editor Choice | Policy & Regulations

Crypto Market Faces Volatility Ahead of Trump Tariff Pause Expiration

The crypto market is entering a sensitive phase as the Trump tariff pause nears its end and nearly $15 billion in Bitcoin options are set to expire, putting significant pressure on investor sentiment.

Pi Coin Faces Selling Pressure Ahead Of Pi2day

News | Editor Choice | Pi Network

Pi Coin Faces Selling Pressure Ahead of Pi2Day

Ahead of the Pi2Day event on June 28, Pi Coin is under strong selling pressure while Pi Network announces a series of new updates, including the KYC Sync feature and upgrades to the Pi Browser aimed at improving user experience and accelerating the transition to Mainnet.

Bitcoin Could Drop To $100,000 Soon

Bitcoin | Editor Choice

Bitcoin Could Drop to $100,000 Soon

Although Bitcoin has surged following the stabilization of the Middle East situation, it could still fall below the 100,000 USD mark in the near future.

Coinbase Stock Hits New High As Analysts Split On Future Rally

News | Altcoin | Editor Choice | Policy & Regulations

Coinbase Stock Hits New High as Analysts Split on Future Rally

Coinbase (COIN), the crypto exchange giant, has just set a new all-time closing high, despite growing concerns that the stock may be due for a short-term correction.

Ai Crypto App Users Double This Year

Editor Choice | Altcoin

AI Crypto App Users Double This Year

According to a report from DappRadar, there are approximately 4.5 million wallets using AI applications on the blockchain, marking an 86% increase this year.