The Bit market frenzy has not subsided, and as of the time of writing, it has once again hit a new all-time high, with the OKX spot price reaching a high of $95,880, up more than 4% in the past 24 hours.
MicroStrategy's Bitcoin Holdings Exceed $150 Billion in Unrealized Gains
With Bit reaching a new all-time high, at a Bit price of $94,800, the US-listed company and Bit holding giant MicroStrategy (MSTR), which currently holds 331,200 BTC, has seen its Bit holdings reach a total value of $317 billion, with a total cost basis of $165.18 billion, resulting in unrealized gains of over $150 billion.
MicroStrategy's Market Cap Surpasses $1 Trillion, Ranks Among Top 100 U.S. Companies
Due to Bit's exceptionally strong market performance this month, MicroStrategy (MSTR), which is seen as a "Bit concept stock", has been highly favored by investors. Bloomberg senior ETF analyst Eric Balchunas pointed out that MicroStrategy became the most traded stock in the US on the 19th, surpassing Nvidia and Tesla, which is quite remarkable.
The stock reached an intraday high of $498 on Wednesday, pushing its market cap to over $1 trillion, ranking it among the top 100 publicly traded companies in the US, currently rising to 93rd position.
MicroStrategy Outperforms Bit and Nvidia This Year
On Wednesday, MSTR closed at $473.83, up over 10%, and continued to rise over 3% after hours, reaching $489.15.
The stock has surged an astonishing 591.52% so far this year, far exceeding Bit's 113.18% year-to-date gain, and also outperforming Nvidia's 202.86%. Since MicroStrategy began adding Bit to its balance sheet in 2020, the stock has gained around 3,025% over the past 5 years, also outperforming Nvidia's 2,668% gain during the same period. This clearly demonstrates the effectiveness of MicroStrategy's founder Michael Saylor's strategy of hoarding Bit as a store of value.
Michael Saylor has recently expressed optimism that Bit will break the $100,000 milestone by the end of the year, and he plans to host a Bit breaking $100,000 New Year's Eve party. He has initiated a related poll on X this week, and over 85% of participants are bullish on Bit breaking $100,000 on New Year's Eve.
Will Bit break $100,000 by the end of the year? The market is eagerly awaiting the outcome.
