Bitcoin (BTC) smashed another all-time high late on Monday night as the world’s largest cryptocurrency flew above $107,000 for the first time ever.
The BTC/USD pair reached as high as $107,800 and at the time of writing, remains around the $106,800 price point.
Bitcoin’s latest ATH – the most recent in a string of new record highs – came as MicroStrategy Incorporated (NASDAQ:MSTR) won a spot on the FTSE 100 blue-chip technology index.
MicroStrategy is the largest corporate bitcoin holder globally, with 386,700 coins on its balance sheet at last count.
At current spot prices, that represents a dollar value of over $41 billion.
Historically a software firm, founder and bitcoin maximalist Michael Saylor has turned the business into something of a Nasdaq-listed bitcoin proxy.
The strategy has paid off handsomely in 2024- shares are currently up a blistering 500% year to date.
MicroStrategy will formally enter the Nasdaq 100 after the next index rebalancing scheduled for 23 December.
Bitcoin is up over 150% year to date – Source: tradingview.com