MicroStrategy Buys Big, 27,200 New Bitcoins Added, Total Holdings Reach $11.9 Billion
MicroStrategy bought $2 billion in Bitcoin, raising its holdings to 279,420 BTC and earning huge unrealized gains.
The company’s stock soared after funding its Bitcoin buys through equity and debt as Bitcoin prices climbed.
The increase in MicroStrategy’s stock following Trump’s win shows its important correlation with Bitcoin’s price movements.
13/11/2024