1 Crypto Stock That Could Go Parabolic.

Over the past five years, shares of Strategy (NASDAQ: MSTR) are up by a whopping 3,000%. It continues to be one of the hottest stocks on the market, with a gain of 80% over the past 12 months. And year to date, it's up by a robust 15%, despite the broader market's slide.

And the best may be yet to become. That's because Strategy -- until recently known as MicroStrategy -- remains resolute in pursuing its Bitcoin (CRYPTO: BTC) buying mission. If the price of Bitcoin goes parabolic, as many expect it to do, then the stock could go parabolic as well.

Strategy's big bet on Bitcoin

Right now, Strategy holds 506,187 Bitcoins on its balance sheet, worth a total of about $45 billion at current market prices. That makes it the largest corporate holder of the crypto in the world, with just over 2.5% of the total circulating supply. For comparison,  the U.S. federal government holds 200,000 Bitcoins.

And Strategy is not stopping there. In October, it announced a major new expansion of the Bitcoin buying program it started back in August 2020. Its "21/21 Plan" calls for the company to raise $42 billion via a mix of debt sales and equity offerings, and use all of it to buy more Bitcoin.

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