MicroStrategy's Stock Soars Amid Bitcoin's Historic Climb

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

According to the company's latest filing, MicroStrategy currently holds approximately 402,110 Bitcoins. This significant holding comes after the acquisition of an additional 15,400 Bitcoins for around $1.5 billion in cash just last week. This strategic move has propelled MicroStrategy's stock to rally 8.65%, reaching $441.9 at 9:30 am ET.

The positive momentum in the Bitcoin market 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.