The post Bitcoin Up By 50% This Year, MicroStrategy Up Over 160%! appeared first on Coinpedia Fintech News
MicroStrategy stock has more than doubled in valuation this year as the price of Bitcoin has soared to record highs. The software firm is the biggest corporate investor in Bitcoin and currently owns more than 226,000 units of the original crypto asset. The price of Bitcoin has soared 50% this year, sitting on a market valuation of more than $1.2 trillion. MicroStrategy, on the other hand, is up more than 160% on the year so far, boasting a market cap of more than $31 billion. The value of its massive stack of Bitcoin is estimated to be worth about half of that market cap.