MicroStrategy Stock News

MicroStrategy (MSTR -4.37%) has been public since the late 1990s. However, the company's aggressive foray into Bitcoin has made it a bonafide market beater in recent years; the stock has soared more than 700% over the past year alone and more than 2,600% since late 2019.

MicroStrategy NASDAQ: MSTR stock is up more than 500% since the beginning of 2024 and has the potential to grow even more. As the world's largest corporate holder of Bitcoin (CRYPTOCURRENCY: BTC) and a potential pioneer in establishing a Bitcoin reserve bank, the company is well-positioned in an industry where the underlying asset is expected to keep appreciating in value.

MicroStrategy (NASDAQ: MSTR), a business intelligence firm turned Bitcoin (BTC) powerhouse, has once again grabbed headlines with its largest-ever Bitcoin acquisition to date.

MicroStrategy (MSTR -4.37%) has become one of the most valuable stocks on the Nasdaq by pursuing a simple strategy: buying Bitcoin (BTC -6.46%).

Bitcoin's failure to top $100,000 appeared to be dragging on crypto-related stocks Tuesday.

MicroStrategy Incorporated (NASDAQ:MSTR) has made its largest purchase of Bitcoin to date, spending $5.4 billion to add 55,000 Bitcoin to its holdings. The company purchased the Bitcoin between November 18 and November 24 at an average price of approximately $97,862 per Bitcoin, a regulatory filing on Monday showed.

Shares in MicroStrategy (MSTR), the largest corporate holder of bitcoin (BTCUSD), jumped pre-market and then reversed course to trade lower Monday after the the software company said it had bought $5.4 billion of the cryptocurrency.

Under Michael Saylor's leadership, MicroStrategy (NASDAQ: MSTR) has become the publicly-traded company that has most closely tied its prospects to leading cryptocurrency Bitcoin (BTC).