MicroStrategy (MSTR) reached an all-time high on November 21, 2024, coinciding with Bitcoin (BTC) breaking above $98,000 for the first time, reaching a peak of $98,310. Following this surge, MSTR experienced volatility, diving over 18% shortly after the initial peak, before recovering to about $475, similar to its previous close. The stock's fluctuation reflects Wall Street's response to soaring expectations for crypto-related stocks amid Bitcoin's historic rally, which surged more than 38% since the recent U.S. election, viewed as potentially favorable for cryptocurrencies. Other Bitcoin-related stocks, including Bitfarms and Coinbase, also saw declines as BTC hovered near its milestone target. MicroStrategy continues to hold a significant Bitcoin reserve, owning over 331,000 BTC, which represents 1.58% of the total supply. This significant investment fuels the company's stock performance, amidst a broader crypto market rally.

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