MicroStrategy's stock experienced a surge of 6.1% in premarket trading due to the rise of bitcoin, which surpassed the $100,000 mark for the first time.

This increase in bitcoin value led to a rally in cryptocurrency-related stocks, with Robinhood Markets and Coinbase Global seeing gains of 4.3% and 3.5% respectively. Similarly, Mara Holdings and Riot Platforms also experienced increases of approximately 6% and 4%. Year-to-date, MicroStrategy has seen a significant increase of 542.8%, while Robinhood has increased by over 200% and Coinbase has nearly doubled in value. However, Mara Holdings has lagged behind with a 10.5% increase.

The bullish sentiment towards bitcoin can be attributed to President-elect Donald Trump's victory on November 5, which raised expectations for a more favorable regulatory environment. Additionally, there has been a notable interest in leveraged MicroStrategy ETFs, with inflows accounting for almost a third of the record $11 billion influx into crypto funds in November, according to a research note from JPMorgan. These leveraged funds, which carry higher risk due to potential gains being amplified through debt, have attracted significant attention from investors.