MicroStrategy Stock Soars Amid Bitcoin Surge and Bond Offering
TL;DR Summary
MicroStrategy's stock hit a record high as Bitcoin reached a new all-time high price, driven by increased investor interest following Donald Trump's election win and his crypto-friendly stance. The company, which holds the largest corporate Bitcoin treasury, expanded its convertible notes offering to $2.6 billion due to high demand, aiming to purchase more Bitcoin. MicroStrategy's stock has surged significantly since it began investing in Bitcoin in 2020, making it a top performer on the S&P 500.
- MicroStrategy Stock Sets Record as Bitcoin Hits Another All-Time High Price Decrypt
- Bitcoin Rises to Record With MicroStrategy Stepping Up Purchases Yahoo Finance
- MicroStrategy Stock Is Surging Wednesday: What's Going On? Benzinga
- MicroStrategy Announces Pricing of Offering of 0% Convertible Senior Notes Business Wire
- MicroStrategy Sells $2.6 Billion of Zero-Coupon Convertible Bonds The Wall Street Journal
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