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Share link:In this post: MicroStrategy is nearing an all-time high as Bitcoin strategy fuels a 1,200% stock surge. MicroStrategy started to buy Bitcoin in 2020 via a string of convertible note sales. The business software company owns some 252,220 Bitcoin.
MicroStrategy (MSTR) stock hit $196, just 2% shy of its all-time high, fueled by the company’s aggressive Bitcoin acquisition strategy. The firm is the largest public corporate owner of Bitcoin, holding nearly $16 billion of the asset.
MicroStrategy’s breakout fuels Bitcoin rally as MSTR jumps 14%
MSTR’s share price is on the cusp of a six-month breakout. MicroStrategy was a notable outlier amid a weak stock market, with shares surging to $190 for the first time since late March. MSTR stock is up 14% since the beginning of this month.
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