MicroStrategy Surges as Market Cap Outpaces Major Gold Miners
TL;DR Summary
MicroStrategy Inc.'s stock rose by 3.36% in pre-market trading as Bitcoin's price surged past $93,000, boosting the company's market value to $96.732 billion, surpassing the combined worth of Newmont Corporation and Barrick Gold. This increase follows MicroStrategy's recent acquisition of 51,780 Bitcoin. The company's strategy, led by Michael Saylor, focuses on Bitcoin as an inflation hedge.
- MSTR Rises 3% In Wednesday Pre-Market: Michael Saylor's Company Is Now Worth More Than The Combined Market Caps Of World's Two Largest Gold Mining Companies Benzinga
- Watch These MicroStrategy Levels as Stock Soars to Record High After Bitcoin Purchase Investopedia
- MicroStrategy Announces Proposed Private Offering of $1.75 Billion of Convertible Senior Notes Business Wire
- MicroStrategy Breaks Into the Top 100 U.S. Public Companies by Market Cap CoinDesk
- MicroStrategy Could Be A Multi-Trillion Dollar Company (MSTR) Seeking Alpha
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
1 min
vs 2 min read
Condensed
81%
291 → 56 words
Want the full story? Read the original article
Read on Benzinga