Why MicroStrategy Stock Rocketed 24.7% Higher This Week
Back in 2020, MicroStrategy CEO Michael Saylor made a bold move by taking the company's balance sheet and buying Bitcoin. The bet has paid off handsomely, with the company selling new shares of common stock and taking out debt in order to further accelerate its Bitcoin buys. As of its latest update, MicroStrategy now holds 279,420 Bitcoins.