Bitcoin-buying machine MicroStrategy (NASDAQ:MSTR) is having a tough end to the year. After rallying 464% through the middle of November, the stock has lost 44% of its value. However, MSTR shares are still up nearly fivefold in 2024.

MicroStrategy (NASDAQ: MSTR) and KULR Technology (NYSEMKT: KULR) both recently generated a lot of buzz with their big investments in Bitcoin (CRYPTO: BTC). Microstrategy, which started buying Bitcoin in 2020,

MicroStrategy’s aggressive Bitcoin [BTC] buying spree in 2024 seems to have paid off. According to Galaxy Research, the firm’s stock, MSTR, topped 2024 world asset performers with 358% yearly gains. MSTR shared the first spot with Palantir Technologies [PLTR], a software company that also offers data analytics solutions to cryptocurrency firms.

MicroStrategy acquired 2,138 Bitcoin for $209 million between Dec. 23 and Dec. 29 at an average price of $97,837 per BTC

MicroStrategy’s share price rose to $341.14, after a rocky 24 hours when share prices tanked 40%. Earlier this week, the firm – the world’s largest corporate holder of bitcoin – announced the acquisition of 2,

Key Takeaways The price of Bitcoin along with a number of cryptocurrency-related stocks like Coinbase and MicroStrategy are rising Thursday morning.The assets rallied in the weeks following Donald Trump's election victory in November,

Traders are stepping back from MicroStrategy (MSTR), the Nasdaq-listed company known for its leveraged exposure to Bitcoin (BTC). The shift in market sentiment marks a stark contrast to the once highly bullish outlook surrounding the stock.