MicroStrategy shares are up 477 per cent on the year, second only to AppLovin among US tech companies with a market cap of more than $5bn

MicroStrategy shares have risen 477 per cent from the start of 2024 to the close of trading on Friday, December 20, second only to AppLovin among all US tech companies with a market capitalisation of more than $5 billion, according to the data. this follows a 346 per cent rise in the company's share price in 2023. On Monday, MicroStrategy said in a filing that it had acquired another 5,262 bitcoins over the past week for about $561 million, at a price of $106,662 per bitcoin. This brings the company's total holdings to 444,262 bitcoins.