After Bitcoin surpasses 94,000, MicroStrategy becomes one of the top 100 companies in the US market.

MicroStrategy, which describes itself as a Bitcoin development company, jumped 29 places in the performance of Wall Street transactions in the United States on Tuesday, allowing MicroStrategy to enter the list of the top 100 public companies listed in the US market by market capitalization, currently holding the ninety-seventh position.

The sharp rise in MicroStrategy's stock by 12% to exceed $430 per share at the close of the US session on Tuesday came alongside the record performance of Bitcoin, reaching an all-time high above the $94,000 mark. In pre-market trading today, MicroStrategy's stock (NASDAQ: MSTR) rose by about 3.4% to $444.89.

This follows just one day after MicroStrategy completed its largest Bitcoin purchase in four years, boosting the company's profits amid Bitcoin's record surge. So far, MicroStrategy's stock has risen by more than 500% since the beginning of the year, with Bitcoin rising by more than 100% during the same period.

As of November 18, MicroStrategy's Bitcoin holdings reached 331,200 Bitcoins, making the current value of its cryptocurrency holdings exceed $30 billion, the highest value in the cryptocurrency market.

On November 18, MicroStrategy announced the offering of $1.75 billion in zero-yield convertible bonds, which will mature on December 1, 2029, and can be bought back or redeemed later under certain conditions. Forecasts suggest that subscriptions for these bonds could exceed the maximum limit, potentially increasing the issuance value by $250 million to a total of $2 billion.