MicroStrategyâs Bitcoin Holdings Drive Stock to Two-Year High â Hereâs the Latest
MicroStrategy, the enterprise business firm known for its bullish stance on  Bitcoin (BTC), has seen its stock soar to a two-year high.
The technology companyâs shares closed above $500 on Black Friday, a level not seen since December 2021, according to data from Yahoo! Finance.
As of now, MicroStrategy boasts a market cap of $7.55 billion.
MicroStrategyâs strategic decision to hold significant amounts of Bitcoin has proven to be a lucrative move.Â
Despite starting the year with a quarterly loss, the companyâs stock price doubled within a month.Â
As one of the largest institutional holders of Bitcoin, MicroStrategyâs founder and chairman, Michael Saylor, began accumulating the cryptocurrency in August 2020 as a hedge against inflation.
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