MicroStrategy Stock Surges Higher Due to Increased Bitcoin Holdings
. MicroStrategy, the largest corporate holder of bitcoin, is making headlines again for its recent purchase of 55,500 bitcoin for $5.4 billion. This brings their total holdings to 386,700 BTC, with an average purchase price of $56,761 per bitcoin.
Investors are keeping a close eye on MicroStrategy, as its stock price has been on the rise alongside the price of bitcoin. Since the election, shares have surged, reaching an all-time high last week and increasing by more than 500% year-to-date. President-elect Donald Trump’s comments during the campaign about making the U.S. the “crypto capital of the planet” have also contributed to this upward trend.
On Friday morning, bitcoin was trading above $98,000, with Benchmark analyst Mark Palmer predicting that it could more than double in value within the next two years, potentially reaching $225,000 by the end of 2026.
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