MicroStrategy’s stock price popped 6% on Thursday to above $230, touching a nearly 25-year high as a six-week rally for the world’s largest corporate holder of Bitcoin continued.
Less than two months ago, MicroStrategy shares were valued at $118, trending lower as Bitcoin hovered around $56,000 on Sept. 6. While the digital asset’s price has climbed 20% since then to $67,600, MicroStrategy’s share price has surged by comparison, nearly doubling over that period of time.
Shedding its label as an enterprise software firm, MicroStrategy has positioned itself as a Bitcoin development company.
Earlier this month, MicroStrategy co-founder and Executive Chairman Michael Saylor said that endeavor involves becoming a “Bitcoin bank,”…
