View full page at cryptocraft.com

 

Bitcoin firm MicroStrategy pops 27% in two days as company’s crypto stake hits $11 billion

From cnbc.com

MicroStrategy ’s HODL strategy is continuing to reward investors. The company said on Monday that it acquired an additional 3,000 bitcoins for a total of $155 million between Feb. 15 and Feb. 25. MicroStrategy, along with its subsidiaries, now owns about 193,000 bitcoins worth $11 billion. Michael Saylor, the company’s chairman and ex-CEO and one of the cryptocurrency’s principal evangelists, touted the latest purchase in a post on X, noting that MicroStrategy’s average purchase price over time is $31,544. As of Tuesday, bitcoin is trading at just under $57,000. MicroStrategy shares surged 16% on Monday and another ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis