Michael Saylor Hails Trump's 'Never Sell Your Bitcoin' Push: 'Elevates King Crypto As The Apex Property Of The Nation'
Portfolio Pulse from Aniket Verma
Michael Saylor, co-founder of MicroStrategy Inc. (NASDAQ:MSTR), praised former President Donald Trump's pro-Bitcoin stance, highlighting its significance in the political arena. Saylor emphasized the importance of Trump's announcement of a national Bitcoin stockpile and his HODLing strategy. This bullish sentiment aligns with MicroStrategy's own Bitcoin reserve strategy, which has seen significant gains. The company's Bitcoin holdings are now worth over $14 billion, a 70% increase from its cost basis. Following these developments, MicroStrategy's shares rose 3.19% in after-hours trading.
August 02, 2024 | 3:30 am
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POSITIVE IMPACT
Michael Saylor's praise for Trump's pro-Bitcoin stance and the announcement of a national Bitcoin stockpile have positively impacted MicroStrategy's stock. The company's Bitcoin holdings are now worth over $14 billion, a 70% increase from its cost basis. Shares of MicroStrategy rose 3.19% in after-hours trading.
Michael Saylor's positive comments on Trump's pro-Bitcoin stance and the announcement of a national Bitcoin stockpile align with MicroStrategy's own Bitcoin reserve strategy. This has led to a positive market reaction, with shares rising 3.19% in after-hours trading.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100