#CryptoStocks Another best crypto stock to buy is Michael Saylor’s MicroStrategy. Despite losing around 1.64% in the past day, the stock continues to attract strong interest from investors, perhaps due to the indirect exposure it provides to BTC.
MicroStrategy remains one of the largest institutional holders of Bitcoin (BTC) in the world, making its stock price action closely correlated with Bitcoin’s performance.
Just recently, it announced an investment of 10,100 BTC valued at $1.05 billion. This brings its total BTC holdings to 592,100 with a total cost of $33.139 at the time of writing. At the same time, the company’s valuation has soared to $103 billion, making it the largest corporate crypto treasury by market cap.
Over the past five years, the MSTR stock has surged over 2,900%, outperforming giants like Nvidia, which is up about 1,400% in the same period. On top of that, it recorded a 30% return over the past three months and 151% over the last year. With a current share price of $369.03, the stock has delivered impressive gains since its debut.