Odaily News Microstrategy (MSTR) shares are up nearly 250% year to date, continuing a 353% gain in 2023. While BTC has seen strong gains so far in 2024, its gains have been far less than MSTR's. At the time of writing, BTC has returned 60% year to date, while MSTR's return is almost 4 times greater. This highlights the extent to which MicroStrategy's stock acts as a leveraged bet on Bitcoin's price action. MicroStrategy's stock acts as a leveraged version of Bitcoin. The company's use of debt to fund its Bitcoin purchases means that its stock price tends to be more volatile than Bitcoin itself. When Bitcoin rises, MicroStrategy benefits from magnified gains, as evidenced by the stock's stellar performance throughout the year. MicroStrategy is the largest corporate holder of Bitcoin, with 252,220 BTC worth more than $17 billion, for a total cost of approximately $9.9 billion. (The Block)