MicroStrategy Inc, the business intelligence firm that is now the largest holder of Bitcoin, has been named the best-performing cryptocurrency stock in 2024, according to The Block.

The company's shares rose 402% during the year, raising the company's market value to $83 billion. This continued MicroStrategy's trend of buying more Bitcoin (Bitcoin) in 2024.

according to Reports As of December 23, the company currently owns approximately 444,262 Bitcoin, worth more than $45 billion at current prices. Massive BTC price rise of 120% in 2024 – driven by market boosters such as Spot Bitcoin ETF Approval, BTC halving in April, and Geopolitical Asset class approvals have played an important role in the company's holdings.

according to KoenjikuStandard & Poor's 500 Index acquired 26%, reflecting a clearly positive macro environment, and the price of Bitcoin was a tailwind for cryptocurrency-related stocks, jumping 129%.

Other big gainers in the cryptocurrency space include Core Scientific, up 307%, which secured a major 12-year contract with CoreWeave for artificial intelligence, according to Cluster. Terawulf gained 142% on the back of 100% year-on-year growth in self-mining hash capacity to 10.0 EH/s, as of September 30.

Bitdeer Technologies saw a 122% increase as the company's push to integrate production mining rigs into its own operations has made it one of the most vertically integrated companies among publicly listed BTC miners.

MicroStrategy to get more capital

MicroStrategy has more male It will hold a shareholders' meeting in early 2025. Key proposals to be put to a vote at the meeting include increasing the number of authorized Class A common shares and increasing the number of authorized preferred shares. These developments come as the company activates its 21/21 plan, seeking a total of $42 billion from $21 billion in equities and an additional $21 billion in fixed income instruments. MicroStrategy sees these proposals as vital to its growing presence as a BTC treasury company, and could pave the way for further growth, said Chairman Michael Saylor.