MicroStrategy CEO Saylor embraces Bitcoin, stock surges, aims to reach all-time high

From Investing.com

October 8, 2024 3:30:23 pm:

Michael Saylor, known for his strong support of Bitcoin, recently posted a message on social media projecting himself in a Bitcoin-themed gladiatorial arena. MicroStrategy’s stock, trading at $194.63 per share, is currently on the rise, up 13.91% since the start of October. The next target for the stock is its old all-time high of $333, set 24 years ago.

MicroStrategy’s success is attributed to holding 252,220 BTC in reserves, with an average price of $39,300, resulting in a profit of 59.7% or about $5.93 billion. With the stock’s recent surge, it aims to breach the $200 mark next and set a new all-time high.

Read more at Investing.com: MicroStrategy’s Saylor Invited to Bitcoin Arena as MSTR Aims for All-Time High By U.Today