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MicroStrategy stock hits all-time high after 24 years

MicroStrategy's stock has reached a new all-time high, driven by the recent surge in Bitcoin. The company, which now holds approximately 279,420 BTC, announced another significant Bitcoin purchase, adding to its impressive holdings. With an average purchase price of $42,800 per Bitcoin, MicroStrategy has unrealized profits of around $11.4 billion. The company's stock has outperformed most S&P 500 companies, delivering over 500% returns this year, and its recent surge coincides with Bitcoin trading above $87,000. MicroStrategy maintains its position as the largest corporate holder of Bitcoin.

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