币界网报道：MicroStrategy continues to dominate as the top-performing public company in crypto exposure, delivering an 89% return over the past 12 months—far outpacing Bitcoin's 52% gain—according to a report by Kaiko Research. The business intelligence firm, which holds 158,400 BTC worth $10.8 billion, has seen its stock (MSTR) surge 250% since 2023, benefiting from Bitcoin's rally and its leveraged position as a proxy for BTC exposure. Kaiko notes MicroStrategy's stock now trades at a 70% premium to its Bitcoin holdings, reflecting investor confidence in its strategy. Meanwhile, Coinbase (COIN) and Marathon Digital (MARA) posted 52% and 12% returns respectively, while crypto miners like Riot Platforms (RIOT) and Hut 8 (HUT) underperformed due to operational challenges. The report highlights how traditional firms with Bitcoin holdings are increasingly outperforming native crypto companies.