MicroStrategy Rockets as Bitcoin Breaks $100K Again

​Bitcoin’s climb back above $100,000 didn’t just spark cheers in the crypto world—it lit a fire under MicroStrategy’s stock, which soared 5.6% on Thursday, hitting its highest close of 2025.

This isn’t just a fluke rally. With Bitcoin now trading above $104,000, the value of MicroStrategy’s crypto stash is exploding—boosting its bottom line by hundreds of millions.

Bitcoin Boom = MicroStrategy Boom
-MicroStrategy, now doing business as “Strategy,” has gone all-in on Bitcoin, holding 555,450 BTC.
-This year alone, it bought 107,980 BTC at an average price of $93,618, spending $10.11 billion.
-At current prices, that investment is now worth $10.95 billion—an unrealized gain of $837.6 million.
-Overall, its full Bitcoin haul is now worth $56.31 billion, up nearly 48% from what it paid.

No surprise then that its stock price surged to $414.38, up 76% since hitting a low in early April. While it’s still a touch below its record from late 2024, the rebound is commanding attention.

Strategy or Speculation?
Despite being a software company on paper, MicroStrategy trades like a Bitcoin ETF. Its correlation with Bitcoin this year is 0.77, versus just 0.35 with the software ETF (XSW). Since 2020, the BTC correlation has been even tighter at 0.92.

In short: MicroStrategy isn’t just riding the Bitcoin wave—it is the wave.

Bottom Line
With Bitcoin surging, MicroStrategy’s bold crypto bet is paying off—big time. The stock’s rally is less about software and more about digital gold. And for now, that bet is looking sharper than ever.







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