Shares of Bitcoin-loving software company MicroStrategy are through the roof as the largest digital currency approaches new all-time highs.
MicroStrategy, which trades on Nasdaq under the ticker symbol MSTR, was up nearly 24% when trading closed Monday. The stock is now at $1,334 per share, its highest in nearly 20 years.
Today is MicroStrategy presentation It plans to privately sell $600 million worth of convertible senior notes to buy more assets.
Since the company adopted it Bitcoin-Shareholders performed well with a buying strategy in August 2020. The company’s stock price soared 809%. It is currently the largest publicly traded company with such assets.
Co-founder and Chairman Michael Saylor said when the company was first founded: purchased Bitcoin is a “trusted store of value,” he said, calling it a good way to fight inflation and generate good returns for shareholders over the long term. The company previously had large amounts of cash on hand.
Since then, Saylor has repeatedly said that MSTR stock is a safe investment for investors seeking simple, regulated exposure to top cryptocurrencies.
His company sells data analytics software. I continued to buy Bitcoin You currently own 193,000 BTC, which is worth over $13 billion at current prices.
Bitcoin is It’s coming fast It reached an all-time high of $69,044 per coin in November 2021. today, according to CoinGecko is up nearly 7% in 24 hours and is trading at $68,217 at the time of writing.
Edited by Ryan Ozawa.
