Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

Cryptocurrencies

Is MicroStrategy’s Bitcoin strategy working? MSTR hits $196 near ATH

Source Cryptopolitan

Diversified cloud-based services provider MicroStrategy’s shares traded at $196 earlier today, 2% shy of its all-time high, supported by its Bitcoin acquisition strategy adopted in 2020.

According to its latest filing last month, the company now holds 252,220 bitcoins which represents 1.2% of the overall Bitcoin supply.

MicroStrategy started stashing Bitcoin in August 2020, driving its stock to a 1,208% surge, pacing faster than Bitcoin itself, which has risen by 445%.

The company has continued to capital raise for more Bitcoin acquisitions under the leadership of Michael Saylor.

To date, MicroStrategy holds $16 billion worth of Bitcoin, with an average purchase price of over $39,000 per Bitcoin. Bitcoin’s obtaining market price is pegged at $62,000.

This is a developing story

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

WTI Price Forecast: Trades above $75.50 on Iran uncertainty; 200-day SMA holds the key West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.

Author FXStreet

Jun 19, Fri

West Texas Intermediate (WTI) – the benchmark US Crude Oil price – struggles to capitalize on the overnight bounce from the $72.80 region, or the lowest level since early March, and oscillates in a narrow band during the Asian session on Friday.

Bitcoin network activity hits new high despite stalled prices — CryptoQuant Bitcoin's onchain activity has climbed to its strongest level of 2026 even as the top crypto continues to trade under bearish pressure, according to a Thursday report from CryptoQuant.

Author FXStreet

Jun 19, Fri

Bitcoin's onchain activity has climbed to its strongest level of 2026 even as the top crypto continues to trade under bearish pressure, according to a Thursday report from CryptoQuant.

WTI falls to near $75.00 as shipping conditions improve in Hormuz West Texas Intermediate (WTI) oil price edges lower during Friday's Asian trading hours, slipping to around $75.10 per barrel and reversing the modest gains recorded in the previous session.

Author FXStreet

Jun 19, Fri

West Texas Intermediate (WTI) oil price edges lower during Friday's Asian trading hours, slipping to around $75.10 per barrel and reversing the modest gains recorded in the previous session.

Gold Price Forecast: Hawkish Fed Triggers Gold Plunge, Can US-Iran Agreement Push Gold Past $4,360?During today's (June 18) Asian session, gold prices ( XAUUSD) maintained an intraday rebound, boosted by the positive prospect of a potential early signing of the US-Iran agreement, recov

Author TradingKey

Jun 18, Thu

During today's (June 18) Asian session, gold prices ( XAUUSD) maintained an intraday rebound, boosted by the positive prospect of a potential early signing of the US-Iran agreement, recov

Bitcoin Price Forecast: BTC slips below $64,000 as hawkish Fed stance weighs on risk appetite Bitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.

Author FXStreet

Jun 18, Thu

Bitcoin (BTC) remains under pressure, extending its correction, trading below $64,000 at the time of writing on Thursday. The US Federal Reserve (Fed) left interest rates unchanged but struck a hawkish tone on Wednesday, dampening the risk sentiment.

Popular Symbols