{"id":2498,"date":"2024-11-12T08:03:16","date_gmt":"2024-11-12T08:03:16","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=2498"},"modified":"2024-11-12T08:03:16","modified_gmt":"2024-11-12T08:03:16","slug":"michael-saylors-microstrategy-shares-hit-24-year-high-jump-most-since-dot-com-bubble-as-bitcoin-nears-90k-mark-for-the-first-time","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=2498","title":{"rendered":"Michael Saylor&#8217;s MicroStrategy Shares Hit 24-Year High, Jump Most Since Dot-Com Bubble As Bitcoin Nears $90K Mark For The First Time"},"content":{"rendered":"<div>\n<p>Shares of <strong>Michael Saylor<\/strong>\u2018s <strong>MicroStrategy Inc.<\/strong> (NASDAQ:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/MSTR#NASDAQ\">MSTR<\/a>) rose as much as 25.73% to hit a record closing high at $340 apiece, as compared to a 0.05% decline in the Nasdaq 100 Index Monday. The shares rose by 5.31% to $358.06 per share during the after-hours trade the same day.<\/p>\n<p>The surge marked the highest level for the shares on Monday since the dot-com bubble in March 2000.<\/p>\n<p><figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"247\" src=\"https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/11\/12014217\/Microstartegy-shares-1024x247.png\" alt=\"\" class=\"wp-image-642074\" srcset=\"https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/11\/12014217\/Microstartegy-shares-1024x247.png 1024w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/11\/12014217\/Microstartegy-shares-300x72.png 300w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/11\/12014217\/Microstartegy-shares-768x185.png 768w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/11\/12014217\/Microstartegy-shares-1536x370.png 1536w,https:\/\/editorial-assets.benzinga.com\/wp-content\/uploads\/2024\/11\/12014217\/Microstartegy-shares.png 1798w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"><\/figure>\n<\/p>\n<p><strong>What Happened: <\/strong>The rally in <strong>MicroStrategy <\/strong>shares was fueled by the rise in <strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>), a crucial asset held by the latter in its portfolio. MicroStrategy is a business intelligence, mobile software, and cloud-based services company, but more than anything else, it serves as a proxy for Bitcoin.<\/p>\n<p>At the time of writing, BTC was trading at $89,768. <\/p>\n<p>The company calls itself the world&#8217;s first &#8220;Bitcoin Treasury company.&#8221; Volatility in MicroStrategy\u2019s stock due to its Bitcoin<strong> <\/strong>position allows the company to borrow and raise capital at a low cost in order to turn around and buy more Bitcoin.<\/p>\n<p><strong>MicroStrategy<\/strong> &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/markets\/equities\/24\/11\/41892752\/michael-saylors-microstrategy-shares-hit-24-year-high-jumps-most-since-dot-com-bubble-as-bitcoin\" alt=\"Michael\" saylor microstrategy shares hit high jump most since dot-com bubble as bitcoin nears mark for the first time>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Michael Saylor\u2018s MicroStrategy Inc. (NASDAQ:MSTR) rose as much as 25.73% to hit a record closing high at $340 apiece, as compared to a 0.05% decline in the Nasdaq 100 Index Monday. The shares rose by 5.31% to $358.06 per share during the after-hours trade the same day. The surge marked the highest level [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-2498","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2498"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/2498\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}