MicroStrategy, the largest corporate Bitcoin (BTC) holder, has seen significant growth with a gain of over 1,208%, outperforming Bitcoin's 445% gain since mid-2020.
MicroStrategy began purchasing BTC in August 2020 and has purchased a total of 252,220 BTC at an average price of $39,266, resulting in a profit of $22,985 per Bitcoin.
The stock price of MicroStrategy (MSTR) has surged by 1,208%, reaching $196.2, just 2% away from its all-time high.
While MSTR appears bullish with a breakout from a six-month consolidation zone, there is a possibility of a price correction or decline in the near future due to overbought conditions indicated by the Relative Strength Index (RSI).