MicroStrategy Stock Climbs After Bitcoin Purchase: Here's How Much BTC Michael Saylor's Company Now Holds
Portfolio Pulse from Chris Katje
MicroStrategy Inc (NASDAQ:MSTR) has purchased 18,300 Bitcoin for $1.11 billion, continuing its strategy of acquiring the cryptocurrency. This purchase increases its total holdings to 244,800 bitcoins. The company's stock rose 6.6% following the announcement.
September 13, 2024 | 3:47 pm
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MicroStrategy's stock rose 6.6% after announcing the purchase of 18,300 Bitcoin for $1.11 billion. The company's strategy of acquiring Bitcoin has made it one of the largest holders globally, providing investors exposure to the cryptocurrency.
MicroStrategy's continued investment in Bitcoin and its significant holdings have positively impacted its stock price, as seen by the 6.6% increase. The company's strategy aligns with investor interest in cryptocurrency exposure.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100