Crypto
MicroStrategy Surges as Bitcoin Hits New Heights
MicroStrategy's stock price rebounded after Bitcoin broke above $85,000 on September 21, and the company continued to accumulate BTC.
As of September 20, MicroStrategy held 846,000 BTC with a cumulative investment of $63.8 billion at an average purchase price of $75,416.
The market value of these assets is approximately $72.33 billion at a BTC price of $85,500, which is about $8.53 billion above the company's cumulative purchase cost.
MicroStrategy's stock price has been affected by capital inflows returning to US spot Bitcoin ETFs and short covering, while its continued accumulation of BTC also boosted market sentiment for MSTR.