MicroStrategy Incorporated (MSTR) Stock

The software company has become a leveraged bitcoin play in the eyes of many investors.

Bitcoin (BTC-USD) returns to its rally mode as it seeks to make back this week's losses and climb nearer to $100,000. Crypto proxy stocks like MicroStrategy (MSTR) and Coinbase Global (COIN) are also on the rise.

Short seller Andrew Left of Citron Research revealed on Nov.

MicroStrategy NASDAQ: MSTR stock is up more than 500% since the beginning of 2024 and has the potential to grow even more. As the world's largest corporate holder of Bitcoin (CRYPTOCURRENCY: BTC) and a potential pioneer in establishing a Bitcoin reserve bank, the company is well-positioned in an industry where the underlying asset is expected to keep appreciating in value.

MicroStrategy (NASDAQ: MSTR), a business intelligence firm turned Bitcoin (BTC) powerhouse, has once again grabbed headlines with its largest-ever Bitcoin acquisition to date.

MicroStrategy (MSTR -4.37%) has become one of the most valuable stocks on the Nasdaq by pursuing a simple strategy: buying Bitcoin (BTC -6.46%).

Bitcoin's failure to top $100,000 appeared to be dragging on crypto-related stocks Tuesday.

Shares in MicroStrategy (MSTR), the largest corporate holder of bitcoin (BTCUSD), jumped pre-market and then reversed course to trade lower Monday after the the software company said it had bought $5.4 billion of the cryptocurrency.

Under Michael Saylor's leadership, MicroStrategy (NASDAQ: MSTR) has become the publicly-traded company that has most closely tied its prospects to leading cryptocurrency Bitcoin (BTC).