MicroStrategy, the largest publicly traded corporate holder of Bitcoin, has seen significant growth in its stock, surging 94% year-to-date. This growth is driven by Bitcoin's rally surpassing $97,000.
The company holds 331,200 Bitcoin, now valued at approximately $32 billion, resulting in substantial unrealized gains of $15.51 billion. This impressive financial outcome underscores the strategic decision to invest heavily in Bitcoin.
Charles Edwards argues that MicroStrategy is not overvalued and suggests that the company has considerable potential for future growth and expansion.
