What's Going On With MicroStrategy Stock?
Portfolio Pulse from Erica Kollmann
MicroStrategy (NASDAQ:MSTR) shares are trading higher due to a 10-for-1 stock split and a rebound in Bitcoin prices. The company holds a significant amount of Bitcoin, which has a market value of $14.016 billion. Additionally, MicroStrategy announced that its MicroStrategy ONE for Government solution is now available on AWS Marketplace.
August 08, 2024 | 6:23 pm
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MicroStrategy shares are up 8.26% following a 10-for-1 stock split and a rebound in Bitcoin prices. The company's significant Bitcoin holdings and new AWS Marketplace offering are key drivers.
The 10-for-1 stock split makes shares more accessible to investors, while the rebound in Bitcoin prices directly benefits MicroStrategy due to its large Bitcoin holdings. The new AWS Marketplace offering further enhances the company's growth prospects.
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