The Bitcoin frenzy remains strong, reaching a new high of $97,662, up over 5% in the last 24 hours.
MicroStrategy's Bitcoin holdings have unrealized gains of over $15 billion
With Bitcoin hitting a new all-time high, MicroStrategy, with a Bitcoin holding of 331,200 BTC, is the leading U.S. publicly traded company by Bitcoin holdings. Its total Bitcoin holding value has surged to $31.7 billion, with a total cost of $16.518 billion, resulting in an unrealized profit of over $15 billion.
MicroStrategy's market value has surpassed $100 billion, making it one of the top 100 companies in the U.S.
Due to the extremely hot market performance of Bitcoin this month, MicroStrategy (MSTR), considered a 'Bitcoin stock,' has garnered high investor interest. On the 19th, MicroStrategy became the most traded stock in the U.S., surpassing NVIDIA and Tesla, which is remarkable.
On Wednesday, the stock hit an intraday high of $498, briefly pushing its market value above $100 billion, ranking it among the top 100 U.S. publicly traded companies, currently rising 18 places to 93rd.
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MicroStrategy has outperformed Bitcoin and NVIDIA this year
On Wednesday, MSTR closed at $473.83, with a gain of over 10%, and after-hours trading continued to rise over 3%, reaching $489.15.
So far this year, the stock has risen an astonishing 591.52%, far exceeding Bitcoin’s year-to-date increase of 113.18% and NVIDIA’s 202.86%. Since MicroStrategy began including Bitcoin on its balance sheet in 2020, the stock has risen about 3,025% over the past 5 years, outpacing NVIDIA's 2,668% in the same period. This demonstrates the significant effects of founder Michael Saylor's strategy of holding Bitcoin as a store of value.
Michael Saylor is increasingly optimistic about Bitcoin breaking the $100,000 milestone by the end of the year and plans to hold a New Year's party for it. He initiated a related poll on X this week, with over 85% of participants believing BTC will surpass $100,000 on New Year's Eve.
Will Bitcoin break $100,000 by the end of the year? The market is watching closely.
