MicroStrategy’s Stock Price Hit’s New High as Bitcoin Stash Reaches $20 Billion
MicroStrateg’s stock price (NASDAQ: MSTR) hsa pushed on again today, up 15.2% as Bitcoin reaches a new all time high. MSTR has hit a new high itself up at $311.58, with the bulls seemingly intent on seeing this one higher still.
The company, a leader among institutional investors in the burgeoning cryptocurrency space, has just surpassed a significant milestone, amassing a Bitcoin trove worth more than $20 billion. With 252,200 BTC in hand, the company boasts a 104% return on its investment, affirming confidence in digital currencies as a legitimate asset class.
Amidst the investment community, MicroStrategy has garnered a reputation for its ambitious Bitcoin acquisition strategy, often held up as a case study of institutional crypto…
