MicroStrategy Stock Surges to Record High After Bitcoin Acquisition

According to Foresight News, on November 12, MicroStrategy, a Nasdaq-listed software company known for holding the largest corporate Bitcoin reserves, saw its stock price soar by 25%. The stock closed at a record high of $340, surpassing the company's previous peak set during the internet bubble 24 years ago. This significant increase in stock value follows MicroStrategy's recent announcement of acquiring an additional 27,200 Bitcoins. With this purchase, the company's total Bitcoin holdings have reached 279,420 coins, valued at approximately $24.5 billion at current market prices. The strategic move underscores MicroStrategy's continued commitment to Bitcoin as a key asset in its investment strategy.