Posted 3/11/2024, 8:43:48 PM
MicroStrategy Stock Soars as Company's Massive Bitcoin Bet Pays Off
- MicroStrategy's stock price has soared over 14% as the company continues acquiring large amounts of Bitcoin
- The company now holds over 200,000 BTC, making it the publicly traded company with the most Bitcoin holdings
- At current prices, MicroStrategy's Bitcoin holdings are worth over $14.8 billion
- MicroStrategy co-founder Michael Saylor said buying the company's stock is a way to gain Bitcoin exposure
- Saylor believes Bitcoin will eventually surpass gold's market cap as it is a superior investment due to being digital and trading 168 hours per week