MicroStrategy Stock Jumps 31% as Bitcoin Nears $100K Mark

Quick Summary:

The cryptocurrency’s price rose by 5.7%, bringing its market cap to $1.93 trillion.

Despite a drop in software revenues due to its transition to cloud services, MicroStrategy has seen strong investor confidence.

So far, MicroStrategy has successfully raised $6.6 billion through equity offerings, which has allowed it to purchase 78,980 additional bitcoins.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-21 @ 08:18:52 (2 days ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 451 words

Reading Time: 3 minutes read

Sentences: 32 lines

Sentence Length: 15 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 23733469

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About Coinpedia

Main Topics: Crypto

Official Website: coinpedia.org

Update Frequency: 21 posts per day

Year Established: 2016

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publisher ID: #112

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