MicroStrategy shares up 180% this year after debt sale to buy more bitcoin spurs latest rally
Publishing timestamp: 2024-03-13 16:35:02
Summary
MicroStrategy raised $782 million in debt to acquire more bitcoin, now owning 205,000 bitcoins worth over $15 billion. The company's stock has been soaring as cryptocurrency hits fresh highs, with founder Michael Saylor bullish on bitcoin's future. The company's equity value premium over its bitcoin holdings has increased to about 99%.
Sentiment: POSITIVE
Keywords: microstrategy inc, technology, business news, breaking news: technology, bitcoin/usd coinbase, business,