The shares of business intelligence firm MicroStrategy have surged by nearly 16%, reaching an intraday high of more than $212 per share.  

The company's market cap has now swelled to nearly $43 billion following the recent price surge. 

Earlier today, MicroStrategy co-founder Michael Saylor made waves with a social media post stating that the cars of the future will be powered by Bitcoin. This coincided with Tesla's long-awaited robotaxi presentation, which ended up being a flop.

MicroStrategy owns $15.8 billion worth of Bitcoin at current prices, according to the most recent data. 

Earlier this Friday, the price of Bitcoin managed to reclaim the $63,000 level in a big win for the bulls. The cryptocurrency has surged by as much as 6% over the past 24 hours. 

The company's shares are up a whopping 231% on a year-to-date basis, substantially outperforming Bitcoin.