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MicroStrategy’s stock surges to highest price this year as bitcoin regains $100K - MarketWatch

1. MicroStrategy's stock surged as bitcoin surpassed $100,000. 2. Year-to-date, MSTR's stock increased 76% from a low of $237.95. 3. MicroStrategy has spent $10.11 billion on 107,980 bitcoins this year. 4. Correlation between MSTR stock and bitcoin is 0.77 this year. 5. Company's bitcoin holdings are now worth $56.31 billion, 47.9% more than spent.

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FAQ

Why Very Bullish?

MSTR's stock often tracks bitcoin's price movements closely, boosting investor confidence in MSTR.

How important is it?

Recent bitcoin price movements can directly affect MSTR's market performance due to their holdings.

Why Short Term?

Recent bitcoin rally likely to influence stock price in the immediate future, similar to past trends.

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