MicroStrategy’s stock surges as bitcoin purchases resume, lifting holdings to above 600,000
150d ago
Business
MarketWatch
MicroStrategy's stock price has surged following the resumption of its bitcoin buying spree. The company, after a brief pause, is back to accumulating bitcoin, pushing its total holdings above 600,000. These holdings are currently valued at over $73 billion, further solidifying MicroStrategy's position as a major corporate holder of the cryptocurrency. The renewed investment signals continued confidence in bitcoin's long-term value by the company and appears to be positively influencing investor sentiment.