Valued at a market cap of over $80 billion, MicroStrategy (MSTR) stock has soared more than 10% today to touch a new all-time intraday high north of $430, rising alongside a continued breakout in Bitcoin (BTCUSD) to fresh records of its own.

MicroStrategy invests $4.6B in Bitcoin, boosting its crypto holdings. MSTR stock surges as the company strengthens its position as a major Bitcoin holder.

MicroStrategy Inc. shares were up 10% after the software company and cryptocurrency play purchased $4.6 billion of bitcoin. In an SEC filing Monday, MicroStrategy said that it acquired approximately 51,

The company is setting a trend for others to follow, and many are already taking note of its aggressive buying strategy.

Wall Street giants like Vanguard and BlackRock invest billions in MSTR for indirect Bitcoin exposure. MicroStrategy’s stock surged 509% in 2024, outperforming Bitcoin’s 188% gain.