MicroStrategy Doubles Down On Bitcoin: Can The Stock Sustain Its Rally?
MSTRMicroStrategy(MSTR) Benzinga·2024-09-17 21:24

MicroStrategy Inc MSTR continues its audacious bet on Bitcoin BTC/USD, recently purchasing 1.11billionworthofthecryptocurrencybetweenAugustandSeptember.Thislatestbuybringsthecompany′sBitcoinholdingstoastaggering244,800coins,nowvaluedatapproximately1.11 billion worth of the cryptocurrency between August and September.This latest buy brings the company's Bitcoin holdings to a staggering 244,800 coins, now valued at approximately 9.45 billion. As MicroStrategy increasingly ties its fortunes to the volatile world of Bitcoin, investors are left wondering: Can the stock keep its momentum, or is a correction looming?MicroStrategy CEO Michael Saylor's commitment to B ...