
MicroStrategy (MSTR) stock has been on an incredible upward trajectory, delivering jaw-dropping returns for its investors. In 2024, the stock soared an astounding 358.54%, vastly outpacing the S&P 500 Index’s ($SPX) 23.3% gain during the same period.
This stellar performance is closely tied to the company’s substantial Bitcoin (BTCUSDT) holdings and the cryptocurrency’s impressive price surge last year. As Bitcoin rallied, so did MicroStrategy stock.