Bitcoin has reached a record high of $72,201 per coin.

MicroStrategy Inc. purchased 12,000 Bitcoin for $821.7 million, now holding over 200,000 Bitcoin, the largest among publicly traded companies.

MicroStrategy's stock price soared by 106% in the past month, a 912% increase since initiating its Bitcoin strategy in 2020.

ARK Invest CEO Cathie Wood adjusted the firm's Bitcoin price forecast to $1 million by 2030, citing U.S. approval of spot Bitcoin ETFs as a catalyst.

Cathie Wood suggests further price increases for Bitcoin as major financial institutions like Morgan Stanley and Bank of America have yet to fully engage with it.

Despite the surge in Bitcoin investment, analysts caution about potential price corrections and increased short-term selling pressure.

The 4th Bitcoin halving in April 2024 is expected to reduce mining rewards but may lead to a market-capitalization peak around October 2025 according to historical trends.