MicroStrategy's Stock Surges Amid Bitcoin's Historic Climb

Shares of MicroStrategy Inc. experienced an impressive 8% surge on Thursday, following Bitcoin's overnight achievement of surpassing the $100,000 mark for the first time. This significant milestone in the cryptocurrency market has not only boosted MicroStrategy's stock but also positively influenced other crypto-related stocks.

According to the company's latest filing, MicroStrategy currently holds approximately 402,110 Bitcoins. This substantial holding comes after the acquisition of an additional 15,400 Bitcoins for around $1.5 billion in cash last week. The company's stock price reached $441.9 at 9:30 am ET, reflecting an 8.65% increase.

The positive impact of Bitcoin's rally extended to other crypto-related stocks as well. Coinbase Global Inc. saw a 4.54% rise to $346.39 per share at 9:48 am ET, while Robinhood Markets Inc. experienced a 1.93% gain, selling at $40.31 per share at 9:33 am ET.