Reported about 6 hours ago
MicroStrategy announced the acquisition of an additional 55,000 bitcoins for $5.4 billion as the cryptocurrency reaches record prices following Donald Trump's electoral victory. Despite the significant investment, shares of MicroStrategy fell approximately 3% after the news, with analysts expressing mixed sentiments about the stock's performance detached from bitcoin fundamentals. The company now holds about 386,700 bitcoins, valued at roughly $21.9 billion, with optimistic forecasts suggesting possible price targets for bitcoin and corresponding boosts for MicroStrategy's stock.
Source: YAHOO