The post MicroStrategy’s MSTR Surges 13% As BTC Records New All-time High appeared first on Coinpedia Fintech News
As Bitcoin touched its highest-ever level of $75K with the likelihood of a Trump win, MicroStrategy’s stock MSTR also surged an impressive 13% in the pre-market trading. The company’s bold plan to closely link its value to Bitcoin’s performance is mirrored in this spike in MSTR. At current prices, MicroStrategy owns about 158,245 BTC, which is worth over $11 billion. Also, MicroStrategy’s balance sheet appears to be even stronger in light of Bitcoin’s recent surge, which boosts shareholder confidence.