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Bitcoin Hits New All-Time High as MicroStrategy Doubles Down
Summary: Bitcoin surged past $107,000 on Monday, hitting a new all-time high, as MicroStrategy continued its aggressive buying spree of the cryptocurrency. The business intelligence firm announced earlier in the day that it had purchased an additional $1.5 billion worth of bitcoin through a stock sale, marking its sixth consecutive week of buying. MicroStrategy now holds ...
Bitcoin surged past $107,000 on Monday, hitting a new all-time high, as MicroStrategy continued its aggressive buying spree of the cryptocurrency.
The business intelligence firm announced earlier in the day that it had purchased an additional $1.5 billion worth of bitcoin through a stock sale, marking its sixth consecutive week of buying. MicroStrategy now holds approximately $45 billion worth of Bitcoin.
With the company accelerating its bitcoin purchases, its stock price has surged more than 500% this year. On Friday, MicroStrategy announced it will be added to the Nasdaq 100 index on Dec. 23.
The inclusion in the Nasdaq 100 index is a significant milestone for MicroStrategy, as it signals increased institutional interest in the company and its bitcoin strategy. The move is also likely to attract more investors to the cryptocurrency market.
Tags: BTC,MicroStrategy
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