It's been a fantastic two-year run for MicroStrategy (NASDAQ: MSTR), which is up more than 1,200% during that time period. This stock market success can primarily be attributed to its unprecedented Bitcoin (CRYPTO: BTC) buying spree,

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Originally a business intelligence and analytics software company, MicroStrategy (MSTR) has since evolved into an upwardly mobile Bitcoin

MicroStrategy, now doing business as Strategy, has been buying so much bitcoin that it now reports when it didn’t buy any.

Bitget CEO Gracy Chen calls MicroStrategy a “massive whale,” noting its Bitcoin holdings now exceed 2% of total supply.

Strategy, formerly MicroStrategy, is far and away the leader among crypto-holding companies. Led by executive chairman and cofounder Michael Saylor, the company has amassed 471,000 coins, or about 2% of all Bitcoin, in its reserves. So far in 2025, it has made four Bitcoin purchases, including two billion-dollar buys.

Principal Securities Inc. raised its position in MicroStrategy Incorporated (NASDAQ:MSTR – Free Report) by 131.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC).

Sora Ventures has extended its Bitcoin investment agenda with a new yield offering dubbed MicroStrategy 2.0. Sora Ventures has doubled down on its Bitcoin bet with MicroStrategy 2.0. The investment firm aims to offer yield to investors through the product.