MicroStrategy Inc.'s stock has risen by over 87% year-to-date, buoyed by its substantial Bitcoin holdings totaling 214,400 units.

The company's share price correlates with Bitcoin's market value, which recently soared above $64,000, contributing to a 4% rise in MicroStrategy's shares.

Although MicroStrategy's stock has retreated from its high of $1,919, its addition to the MSCI ACWI Index marks a significant milestone that could attract institutional investors.

The company's aggressive Bitcoin acquisition strategy since August 2020 has made it the leading Bitcoin investor among public companies, influencing its stock performance.

MicroStrategy's inclusion in the MSCI ACWI Index is expected to increase turnover, enhance market visibility, and potentially bolster stock prices.

The company's entry into the index may signify a broader acceptance of cryptocurrency in mainstream finance, with implications for the industry's legitimacy and investor interest.