MicroStrategy shares have surged in response to Bitcoin's recent rise past the $103,000 mark. This historic high for Bitcoin has led to a notable increase in investor interest.

Hedge funds, in particular, are showing increased interest in MicroStrategy's convertible bonds. As Bitcoin continues its upward trajectory, companies invested in the cryptocurrency like MicroStrategy are seeing substantial gains.

The positive market movement for Bitcoin not only affects individual investors but also impacts corporate strategies and financial products related to the cryptocurrency market.