Bitcoin-loving software company MicroStrategy's stock is through the roof as the biggest digital currency nears a new all-time high.
Microstrategy—Nasdaq ticker MSTR traded up about 24% at the close on Monday. Shares now trade at $1,334 a pop, the highest price seen in two decades.
Today, micro strategy announced It plans to offer approximately $600 million of convertible senior notes in a private sale to purchase additional assets.
Because the company accepted BitcoinIn the year By buying the strategy in August 2020, shareholders did well: the company's stock rose 809 percent. It is now the largest publicly traded company that owns the property.
Co-founder and chairman Michael Saylor said when the company first spoke i bought Bitcoin has been a great way to combat inflation in the long run and generate good returns for shareholders, saying it is a “dependable store of value.” The company has already saved a large amount of money.
Since then, Saylor has reiterated that MSTR stock is a safe bet for investors looking for easy, controlled exposure to the top cryptocurrency.
His company, which sells data analysis software, has Bitcoin continues to buy And now he owns 193,000 BTC, worth more than $13 billion at today's prices.
It's Bitcoin. It is approaching fast November 2021 all-time high of $69,044 per coin. today, basis To CoinGecko, it's up nearly 7% in 24 hours and is trading at $68,217 at the time of writing.
Edited by Ryan Ozawa.
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