MicroStrategy hits all-time high as Bitcoin surpasses $118,000

MicroStrategy (NASDAQ: MSTR) has reached a new all-time high at around $428.57, up more than 4,000% from its 2002 low. The rally is fueled by its aggressive Bitcoin accumulation strategy led by Executive Chairman Michael Saylor.

With over 200,000 BTC on its balance sheet, MSTR’s stock closely tracks Bitcoin’s price. In the past 24 hours, it traded between $423.50 and $438.84, bringing its market cap to $120.43 billion.

As Bitcoin crosses $118,000, MSTR may challenge its previous peak of $542.99. However, any BTC correction would directly impact MSTR's valuation.