MicroStrategy Shares Rise In Monday Pre-Market As Michael Saylor Reveals MSTR Generating $500M Daily Amid Bitcoin’s Surge
Posted On November 25, 2024
In a remarkable turn of events, MicroStrategy Inc (NASDAQ:MSTR) saw its shares jump by 5.93% in pre-market trading on Monday, as per Benzinga Pro. This surge comes on the heels of co-founder Michael Saylor‘s announcement that the company is generating $500 million daily as Bitcoin edges closer to the $100,000 mark.
What Happened: At the time of reporting, Bitcoin (CRYPTO: BTC) was valued at $98,273.58. The cryptocurrency’s rise has significantly impacted MicroStrategy’s performance, as the company has heavily invested in Bitcoin.
On the same day, Canaccord Genuity reaffirmed …
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