According to the source, five years ago MicroStrategy disclosed a $250 million purchase of 21,454 BTC at an average price of $11,652.84, initiating its bitcoin treasury strategy, source: MicroStrategy press release dated Aug 11, 2020 and SEC Form 8-K filed Aug 11, 2020. For traders, MicroStrategy states bitcoin is its primary treasury reserve asset and that MSTR’s share price is highly sensitive to BTC price movements, making MSTR a high-beta proxy for BTC exposure, source: MicroStrategy 2023 Form 10-K Risk Factors and Business Strategy sections. Claims of a new BTC highest daily close and updated MicroStrategy holdings should be verified against institutional benchmarks and company filings before trading decisions, source: CME CF Bitcoin Reference Rate methodology by CF Benchmarks and MicroStrategy investor relations 8-Ks and earnings releases. Mechanically, opportunities often arise around MSTR’s BTC-per-share, the premium or discount versus its bitcoin NAV, and disclosures of equity or convertible note financings used to acquire BTC, source: MicroStrategy 8-Ks and press releases on convertible notes and ATM programs from Dec 2020 through 2024. Key trading levels are the prior all-time high daily close on your chosen benchmark and MSTR’s relative performance versus spot BTC during high-volume sessions, source: CF Benchmarks documentation and MicroStrategy 2023 Form 10-K market risk disclosures.