MicroStrategy’s stock price jumped nearly 26% on Monday, hitting a new all-time high mark above $351 after the world’s largest corporate treasury reserve holder of Bitcoin unveiled its latest acquisition.
MSTR finished the day at a price of $340, but has climbed as high as $354 in after-hours trading, per Google Finance.
Padding its corporate coffers by over 27,200 BTC, MicroStrategy said Monday that it had acquired over $2 billion worth of the asset between October 31 and November 10. As of this writing, the company’s trove of 279,420 Bitcoin is worth about $24.3 billion.
Shares in the Tyson, Virginia-based firm have so far rallied 396% year-to-date, outpacing Bitcoin’s 97% climb to a current price of approximately $87,000 over the same period. Bitcoin hit a new peak price of $88,364 late Monday afternoon, per data from CoinGecko, but has dipped since.
Alongside Donald Trump’s White House win last week, MicroStrategy’s stock price has been riding a wave of investor enthusiasm rooted in promises of a
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Author: André Beganski
