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MicroStrategy Stock Furthers Rise on Firm's Bitcoin Holdings
MSTRMicroStrategy(MSTR) Investopedia·2024-11-29 16:30

Key TakeawaysMicroStrategy shares continued to move higher along with the price of bitcoin, which traded at more than 98,000Fridaymorning.Thebusinessintelligenceservicesprovideristhelargestcorporateholderofbitcoin,andisseenbymanyinvestorsasoneofthebeststockplaystiedtocryptocurrencies.Earlierthisweek,MicroStrategyannouncedthatithadpurchasedanadditional55,500bitcoin(BTC)forapproximately98,000 Friday morning.The business intelligence services provider is the largest corporate holder of bitcoin, and is seen by many investors as one of the best stock plays tied to cryptocurrencies.Earlier this week, MicroStrategy announced that it had purchased an additional 55,500 bitcoin (BTC) for approximately 5.4 billion between Nov. 18 and Nov. 24, and now holds 386,700 BTC. It was ano ...