What’s Going On With MicroStrategy Stock?
MicroStrategy Inc. (NASDAQ:MSTR) shares are trading higher Thursday as the price of Bitcoin (CRYPTO: BTC) crossed the $65,000 level.
What To Know:
Bitcoin has climbed following last week’s 50-basis point rate cut, and analysts at Bernstein also pointed to record-high gold prices bolstering Bitcoin as an alternative asset.
“Any signal of loose monetary policy and potentially weaker dollar, is positive for Bitcoin,” Bernstein noted.
Bitcoin also functions a hedge as a hedge against geopolitical uncertainty, according to a report by financial services firm NYDIG, and investors may be considering the upcoming Presidential election and rising tensions in the Middle East.
What Else:
On Monday, Microstrategy announced the completion of its latest $1.01 billion offering of senior convertible notes due 2028. The …
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