Strategy's stock price reached a historical high, driven by Bitcoin's breakthrough of $118,000

Strategy (NASDAQ: MSTR) stock price surpassed $428.57, setting a historical record, an increase of over 4,000% from its low in 2002. This surge is attributed to the company's aggressive Bitcoin investment strategy led by Executive Chairman Michael Saylor.

Currently, Strategy holds over 200,000 Bitcoins, and its stock price is highly correlated with BTC trends. In the past 24 hours, the stock price has fluctuated between $423.50 and $438.84, with a market capitalization of $1.2043 trillion.

With Bitcoin exceeding $118,000, Strategy is expected to challenge the historical high of $542.99. However, if BTC pulls back, its valuation will also be directly impacted.