MicroStrategy (MSTR), a prominent software company listed on the Nasdaq and known for holding the largest corporate bitcoin treasury, experienced a significant surge in its stock price. The company’s shares rose by 25% to reach a new all-time high of $340, surpassing its previous record set during the dotcom bubble era over two decades ago.
On Monday, MicroStrategy made headlines with the announcement of its latest bitcoin purchase. The company revealed that it had acquired an additional 27,200 BTC, increasing its total bitcoin holdings to 279,420. With the current price of bitcoin, MicroStrategy’s bitcoin treasury is valued at approximately $24.5 billion.
This strategic move by MicroStrategy further solidifies its position as a major player in the cryptocurrency market. The company’s continued investment in bitcoin has proven to be a lucrative decision, with the digital asset’s value continuing to rise.
