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Fortune

Catherine McGrath

FOUND: Microstrategy soars 6 to hit highest stock price since march - What They Never Told You

MicroStrategy Bitcoin Michael Saylor

(Credit: Valerie Plesch/Bloomberg—Getty Images)

While the broader stock market was sent tumbling on Monday, MicroStrategy soared 6% and continued to make gains into Tuesday morning. The share price of the largest public corporate holder of Bitcoin hit $190 for the first time since March, marking a six-month high.

MicroStrategy stock extended gains on Tuesday nearing $200. The Virginia-based firm holds around $16 billion worth of Bitcoin, making the company a proxy for the cryptocurrency.

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