MicroStrategy Stock Surges Further as Big Bitcoin Buys Pay Off
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MicroStrategy's stock surged as the company benefits from record high Bitcoin prices, being the largest corporate holder of the cryptocurrency.
November 20, 2024 | 6:45 pm
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MicroStrategy's stock surged due to its significant holdings in Bitcoin, which have appreciated with the cryptocurrency reaching record high prices.
MicroStrategy is the largest corporate holder of Bitcoin, and the recent surge in Bitcoin prices has directly increased the value of its holdings, leading to a rise in its stock price.
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