MicroStrategy Shares Surge on Bitcoin's Rally

MicroStrategys shares surged as Bitcoin, a cryptocurrency the company heavily invests in, reached record highs, touching nearly ninety thousand dollars. Despite a slight pullback, the positive sentiment sent MicroStrategy shares up by one point five percent, trading at one hundred sixty-seven dollars sixty-seven cents. However, the stock remains down forty-four point one percent year-to-date and sixty-three point two percent below its fifty-two-week high. Despite recent volatility, a one thousand dollar investment five years ago would now be worth five thousand fifty-nine dollars, highlighting the long-term potential of the companys Bitcoin strategy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.