MicroStrategy's Bitcoin Gamble Yields 500% Stock Surge, Outperforming Crypto Market
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Software company MicroStrategy has seen its stock soar 513% this year through an aggressive leveraged Bitcoin investment strategy led by Michael Saylor. The company's market cap has reached $87 billion, more than double its $37.6 billion Bitcoin holdings, as it continues raising capital to expand its crypto position.
MicroStrategy's Bold $2.6B Bitcoin Move Propels Company into Elite US Corporate Ranks
• 1 min read
MicroStrategy announces plans to raise $2.6 billion through convertible notes to expand its Bitcoin holdings, surpassing initial targets. The company's strategic moves and remarkable stock performance have earned it a spot among the top 100 US public companies, with its Bitcoin treasury now exceeding $30 billion.