MicroStrategy Sees Massive Share Surge Amid Bitcoin's Historic Climb

Shares of MicroStrategy Inc. experienced an impressive 8% surge on Thursday, following Bitcoin's overnight achievement of surpassing $100,000 for the first time.

The company's latest filing reveals that MicroStrategy currently holds approximately 402,110 Bitcoins, after acquiring an additional 15,400 Bitcoins for around $1.5 billion in cash last week. This significant acquisition contributed to the company's shares rallying 8.65% to $441.9 at 9:30 am ET.

The Bitcoin rally also positively impacted other crypto-related stocks. Coinbase Global Inc. saw a 4.54% increase to $346.39 per share at 9:48 am ET, while Robinhood Markets Inc. gained 1.93% to trade at $40.31 per share at 9:33 am ET.