MicroStrategy Stock Hits 24-Year High Fueling $24.2 Billion Bitcoin Holdings

Quick Summary:

Since Donald Trump’s re-election last week, Bitcoin (BTC) has been setting unprecedented highs, now trading above $87,000, marking a historic peak of $87,293.

This bold move has contributed significantly to its current $68 billion valuation, which now places it ahead of major corporations like Equinor, Porsche, Royal Caribbean, and Mizuho Financial Group.

Earlier today, MicroStrategy announced another significant investment in Bitcoin, adding $2 billion to its holdings, which now total an impressive $24.2 billion.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: Fintech Company News Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 07:27:19 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 395 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 16 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Coinpedia

News ID: 23547114

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