Michael Saylor thanks Satoshi Nakamoto for Bitcoin, MicroStrategy stock soars

From Investing.com, November 28, 2024 3:00:24 pm:

On Thanksgiving, Michael Saylor of MicroStrategy thanked Satoshi Nakamoto for creating Bitcoin, expressing gratitude for the decentralized digital currency. Bitcoin’s price hit a record high of $99,849, gaining popularity and acceptance.

MicroStrategy’s shares surged over 500% this year, with Saylor transforming the company into a “Bitcoin Treasury” entity. The firm recently bought $5.4 billion worth of Bitcoin, totaling 386,700 BTC at nearly $56,761 per coin, making it the largest publicly traded corporate holder of the asset.

Bitcoin’s price soared above $97,000 before a slight drop, currently standing at $95,687. MicroStrategy’s bold investment moves in Bitcoin have garnered attention on Wall Street, showcasing the growing influence of cryptocurrencies in the financial world.

Read more at Investing.com: Michael Saylor Drops Epic Satoshi Message: Details By U.Today