'Market Cap All-Time High' MicroStrategy... "Stock Price Soars 174% Over the Past Year"

JOON HYOUNG LEE

Summary

MicroStrategy's market capitalization reportedly hit an all-time high of $128.4 billion.
MicroStrategy's stock price has reportedly soared 174% over the past year.
Investors are paying close attention to the 601,550 Bitcoins MicroStrategy holds and the earnings report to be released next month.

MicroStrategy, the publicly traded company that holds the most Bitcoin (BTC) in the world, has reached a record-high market capitalization. Attention is also turning to the earnings report MicroStrategy is set to announce in early next month.

According to foreign media sources such as The Block on the 16th (local time), MicroStrategy's stock closed at $455.9, up about 3% from the previous day. The company reached an all-time high market cap of $128.4 billion (about ₩179 trillion). The Block reported, "MicroStrategy's stock return rose 36% over the past three months," and "soared 174% over the past year."

The recent surge in MicroStrategy's share price has been driven by the rising price of Bitcoin. Bitcoin, buoyed by anticipation for 'Crypto Week' as the US House of Representatives focuses on legislation relating to cryptocurrency this week, recently breached the $120,000 mark for the first time ever. As of this afternoon, Bitcoin was trading in the $118,000 range on CoinMarketCap.

The market is now paying close attention to the latest earnings report MicroStrategy is scheduled to announce on the 5th of next month. As of the 14th, MicroStrategy is estimated to hold 601,550 Bitcoins, with an average purchase price of about $71,270.

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