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,

A big reason MicroStrategy ( MSTR -4.40%) was such a hot stock in 2024 is its bullish position on Bitcoin. The company is such a big believer in crypto that it's planning to raise $42 billion in capital during the next three years for the purpose of adding to its tally.

MicroStrategy's share price has faced a prolonged plunge, falling 45% from its November peak as the firm's Bitcoin buys get smaller.

Discover how Michael Saylor's MicroStrategy is betting big with a 10 billion share increase to invest in Bitcoin. Dive into the risks and stakes.

MicroStrategy's Bitcoin purchases 2,138 BTC, worth $209 million, reflecting a continued investment strategy in the growing market.

MicroStrategy today announced the purchase of an additional $209 million worth of Bitcoin, its eighth consecutive weekly buy.

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,

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.

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.