The stock fell 17% on Nov. 21, when that report came out, and finished the month slightly lower.

MicroStrategy stock is up more than fivefold in 2024 thanks to a furious rally in bitcoin. Here's what you need to know.

Bernstein analysts predict MicroStrategy will own 4% of the total bitcoin supply by the end of 2033, an amount they expect to be worth about $830 billion.

Shares in MicroStrategy, the largest corporate holder of bitcoin, initially jumped and then fell Monday after the software company said it had bought $5.4 billion of the cryptocurrency.

MicroStrategy Inc. bought another $1.5 billion in Bitcoin, the fourth consecutive weekly purchase announced by the crypto hedge fund proxy.

MicroStrategy stock was rising after the company announced that it had purchased some 15,400 Bitcoin for about $1.5 billion dollars. In a filing released Monday morning, MicroStrategy said it had purchased the Bitcoin for an average price of $95,

Key Takeaways MicroStrategy purchased another $1.5 billion worth of bitcoin.The company now holds nearly 2% of all the bitcoin that will ever exist.MicroStrategy Chairman Michael Saylor also presented to the Microsoft board regarding the benefits of holding bitcoin last week.

MicroStrategy, known for its substantial corporate Bitcoin investments, recently disclosed the purchase of approximately 15,400 BTC over the period from November 25 to December 1. This acquisition, financed through $1.