2024

Bitcoin

Read

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Shares of business intelligence firm MicroStrategy (MSTR) hit<a href="https://x.com/tier10k/status/1856058922060394743">a new record high</a> of $341 earlier today after surging by as much as 25% within just one trading session.
<blockquote class="twitter-tweet">
 After over 24 years, MicroStrategy has hit a new all-time high <a href="https://t.co/ZfpflgTh4m">pic.twitter.com/ZfpflgTh4m</a>— db (@tier10k) <a href="https://twitter.com/tier10k/status/1856058922060394743?ref_src=twsrc%5Etfw">November 11, 2024</a>
</blockquote> 
Meanwhile, Bitcoin has surged above the $87,000 level for the first time, peaking at $87,293.
It took the company a whopping 24 years to record a new record high. MicroStrategy was the darling of the dot-com bubble in the late 90s. However, the company's shares collapsed in 2000 after it had to restate its earnings. Michael Saylor, the former CEO of the high-flying software company, famously lost as much as $6 billion in a single day.
However, the company managed to reinvent itself back in 2020 by adopting the largest cryptocurrency as its treasury reserve asset and basically turning itself into a leveraged Bitcoin proxy.
Now, the company is already valued at $68 billion,<a href="https://companiesmarketcap.com/page/4">surpassing</a> Equinor, Porsche, Royal Caribbean, and Mizuho Financial Group.
As<a href="https://u.today/microstrategy-announces-shocking-2-billion-bitcoin-purchase">reported by U.Today</a>, MicroStrategy announced a $2 billion purchase earlier today. Its total holdings currently stand at $24.2 billion. <a href="https://u.today/microstrategy-mstr-hits-new-record-high-after-24-years-as-bitcoin-btc-hits-87k">Read original article on U.Today</a>

MicroStrategy (MSTR) Reaches New Record High After 24 Years as Bitcoin (BTC) Hits $87K

U_Today

Other articles published on Nov 11, 2024

Top Memecoins That Could See Massive Gains in November 2024

Virtual Assets Lab (VAL.com) Announces Next-Generation Stablecoin Management and Wallet Platform ...

Dextab Launches Cutting-Edge Trading Features with $TAB Token Integration

OKX Ventures, The Open Platform, and Folius Ventures Launch $10M Telegram Growth Hub

“Where Will Bitcoin Peak?” People Asked When BTC Was $290

Ethereum Consensus Layer Overhaul Proposal Unveiled Tomorrow

Join our free newsletter for daily crypto updates!