The recent surge in Bitcoin's price, reaching over $103,000, has had a significant impact on MicroStrategy. The company's shares have seen a massive increase of over 500% this year.
This remarkable growth has pushed MicroStrategy's stock price above the $400 mark, a notable milestone for the company.
In response to this hike, hedge funds are developing arbitrage strategies to capitalize on the increased volatility associated with MicroStrategy's shares.
