What’s Going On With MicroStrategy Stock Monday?
Posted On November 11, 2024
MicroStrategy Inc (NASDAQ:MSTR) shares are trading higher Monday after Bitcoin (CRYPTO: BTC) prices hit new all-time highs over the weekend. MicroStrategy also announced that it raised $2 billion to buy more Bitcoin.
What Happened: Bitcoin climbed to new highs over the weekend and hit another high Monday morning as the rally in risk assets following Donald Trump’s election win continues. Risk assets have benefited as most anticipate a more favorable regulatory environment under Trump. Trump had also positioned himself as a pro-crypto candidate.
Bitcoin rose to $80,000 for the first time ever on Sunday and continued to move higher Monday morning, last up about 2.5% over a …
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