Posted 11/24/2023, 11:40:22 PM
MicroStrategy Stock Soars on Massive Bitcoin Investments Now Worth Over $4 Billion
- MicroStrategy share price hits nearly 2-year high above $500, market cap tops $7.3 billion
- Company has large Bitcoin holdings (over 150,000 BTC worth $4.4 billion) as inflation hedge
- Despite Q3 net loss of $143 million, MicroStrategy continues aggressively acquiring more Bitcoin
- Now holds about 0.75% of Bitcoin's total circulating supply
- Bitcoin bullishness lifting MicroStrategy stock price, outperforming cryptocurrency's gains