
Bitcoin (BTCUSD) took 2024 by storm, surging over 100% over the past 52 weeks and surpassing $108,000, a historic milestone fueled by President-elect Donald Trump’s crypto-friendly policies, including plans to establish a strategic BTC reserve and appoint cryptocurrency advocate Paul Atkins as SEC chair. This new regulatory optimism, paired with Bitcoin ETF launches, has electrified markets.
Amid the rally, MicroStrategy (MSTR), a software company turned Bitcoin giant, has emerged as the largest corporate holder of the cryptocurrency, now owning 447,470 bitcoins worth $27.97 billion. The company has embraced an ambitious "21/21 Plan," seeking to raise $21 billion through equity and $21 billion through debt instruments. Its latest move is a $2 billion perpetual preferred stock offering to fuel even more Bitcoin acquisitions.