Reported 2 days ago
MicroStrategy's stock price soared to $341.14 after the company announced the acquisition of 2,138 bitcoins for over $209 million, despite experiencing a 40% drop in price the previous day. This purchase marks the firm's eighth consecutive week of bitcoin investing, bringing its total holdings to 446,400 bitcoins, valued at around $27.9 billion. While CEO Michael Saylor emphasizes the transformative potential of bitcoin, some experts criticize the strategy as speculative and risky.
Source: YAHOO