As crypto investors continue to be bullish on Bitcoin hitting $100,000, it might also be worth taking a look at one company that holds more than 400,000 Bitcoins.

MicroStrategy (NASDAQ:MSTR), led by co-founder and CEO Michael Saylor, has tied its fate to Bitcoin since 2020. Since then, the company has become a symbol of investing in the world’s most popular cryptocurrency.

That bet has paid off in a big way in recent times. Despite the stock pulling back slightly from its post-election peak, MicroStrategy’s stock has risen an astonishing 513% since the start of 2024, compared to Bitcoin’s 117%.

MicroStrategy’s market cap currently stands at around $87 billion, more than double the market cap of its 386,700 Bitcoin holdings, which are worth around $37.6 billion at current prices. It is noteworthy that most of this quantity was purchased at prices much lower than the current price.