Michael Saylor’s Strategy (MSTR) has reached its highest market capitalization to date, closing Wednesday at $455.90 amid renewed momentum in the crypto market.
The company’s value milestone comes as Bitcoin continues to hover near record levels, briefly hitting $122,884 earlier this week before easing back.
Over the past month, MSTR shares have climbed over 21%, while Bitcoin has gained 10%. Despite this growth, the stock remains around 19% below its all-time price high of $543 set in November. Still, traders like Sean Trades suggest MSTR may be preparing for another move upward.
Fueling the rally is Strategy’s ongoing Bitcoin accumulation. In its latest SEC filing, the firm disclosed the purchase of 4,225 BTC for $472.5 million, adding to an already massive crypto treasury. Strategy has been steadily issuing stock to finance these buys, continuing its aggressive bet on Bitcoin as a corporate reserve asset.
The company is also approaching a major milestone. Wednesday marked the 11th consecutive day of qualifying for the S&P 500 index, according to Strive Funds VP Jeff Walton, who previously predicted Strategy could become the top-performing public stock due to its Bitcoin exposure.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/strategy-hits-record-market-cap-as-bitcoin-accumulation-continues/