CandleFocus MicroStrategy Stock Hits Highest Level in 24 Years, Outperforms Bitcoin
2024-10-29
Author: Content Editor
MicroStrategy (MSTR) shares have reached a new high as the price of Bitcoin surged past $71,000. MSTR has shown stronger performance than BTC this year, gaining 125% in September alone and 470% since the beginning of the year. BlackRock has raised its stake in MicroStrategy to 5.2%, fueling the company's momentum. MicroStrategy holds the largest public company Bitcoin reserve with 252,220 BTC. Industry experts predict that the correlation between MSTR stock and BTC will continue to drive further gains in MicroStrategy's share price. However, some investors believe the rapid rise in MSTR's price is not sustainable. Meanwhile, Bitcoin also reached its highest level since July, with investor sentiment turning bullish ahead of the US election.
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