MicroStrategy’s Bitcoin Holdings Drive Stock to Two-Year High – Here’s 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 company’s 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.

MicroStrategy’s strategic decision to hold significant amounts of Bitcoin has proven to be a lucrative move. 

Despite starting the year with a quarterly loss, the company’s stock price doubled within a month. 

As one of the largest institutional holders of Bitcoin, MicroStrategy’s founder and chairman, Michael Saylor, began accumulating the cryptocurrency in August 2020 as a hedge against inflation.

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