MicroStrategy's Bold Bitcoin Strategy Fuels Stock Surge
TL;DR Summary
MicroStrategy's stock has surged nearly 700% this year, outperforming Bitcoin itself, as the company benefits from the cryptocurrency's record-high prices. The technology firm, which is the largest corporate holder of Bitcoin, recently acquired 51,780 bitcoins, bringing its total holdings to 331,200, valued at approximately $31 billion. Despite this, MicroStrategy's Bitcoin holdings are still less than those of BlackRock's iShares Bitcoin Trust, the largest Bitcoin ETF.
- MicroStrategy Stock Surges Further as Big Bitcoin Buys Pay Off Investopedia
- Bitcoin Rises to Record With MicroStrategy Stepping Up Purchases Yahoo Finance
- MicroStrategy Stock Is Surging Wednesday: What's Going On? Benzinga
- MicroStrategy Announces Pricing of Offering of 0% Convertible Senior Notes Business Wire
- MicroStrategy Sells $2.6 Billion of Zero-Coupon Convertible Bonds The Wall Street Journal
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