MicroStrategy stock breaks past $1,860 to reach all-time high

Companies • March 26, 2024, 1:34PM EDT

Published 1 minute earlier on

Quick Take

MicroStrategy’s stock surpassed $1,860 to trade at an all-time high Tuesday, hitting a daily peak of $1,909, according to Yahoo Finance.
The record emerged after MicroStrategy added an additional 9,245 bitcoin on March 19, bringing their total to around 214,250 BTC to its treasury, and thus controlling 1% of bitcoin’s total supply.

Business intelligence-turned-bitcoin holding company MicroStrategy's stock hit an all-time high of $1,909 on Tuesday, according to Yahoo Finance.

The firm's stock price has since fallen to $1,863 as of 12:35 p.m. ET after seeing a 0.49% 24-hour increase. MicroStategy's intraday market capitalization now sits at $31.67 billion.

The record emerged after MicroStrategy added an additional 9,245 bitcoin, worth $623 million, on March 19, bringing their total to around 214,250 BTC -0.89% in its treasury. The firm now controls 1% of bitcoin's total supply, The Block previously reported.

Bitcoin's price hit $69,522.56 at 12:47 p.m. ET on March 26, experiencing a 0.82% decrease in the past 24 hours, according to The Block's bitcoin price page. Earlier Tuesday, the price of bitcoin broke past $71,000, causing $193 million in liquidations over the past 24 hours.

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About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.