The American software development company, one of the largest public holders of Bitcoin in the world, has also seen a rise in its stock price. Since the beginning of 2024, the increase has been 200%, with shares trading around $1,880.
Earlier, MicroStrategy’s CEO and co-founder Michael Saylor stated that Bitcoin “will eat gold,” as BTC has the advantages of the precious metal without its drawbacks. He believes that the leading cryptocurrency has the potential to become a dominant asset in various investment products after the approval of Bitcoin spot ETFs in the US.