After Crashing 17%, 'Bitcoin Development Company' MicroStrategy Is Rising In Premarket Today: Here's Why
Portfolio Pulse from Benzinga Neuro
MicroStrategy Inc. (NASDAQ:MSTR) saw a 17% drop on Monday but is rising in pre-market trading on Tuesday as Bitcoin shows signs of recovery. The company's stock is up 3.68% in pre-market trading, following a significant investment in Bitcoin, which makes its stock price highly volatile.
August 06, 2024 | 10:22 am
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MicroStrategy's stock price is rebounding in pre-market trading after a 17% drop on Monday, driven by Bitcoin's recovery. The company's significant Bitcoin holdings make its stock highly volatile.
MicroStrategy's stock price is closely tied to Bitcoin's performance due to its substantial Bitcoin holdings. The recovery in Bitcoin's price has led to a positive impact on MSTR's stock in pre-market trading.
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