Company Makes Significant Investment in Cryptocurrency Market Following Index Inclusion
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MicroStrategy Announces Enormous Bitcoin Purchase Following Nasdaq-100 Inclusion
In a surprise move, Virginia-based business intelligence firm MicroStrategy has announced another enormous Bitcoin purchase. As reported by U.Today, the company previously made headlines with its $2.1 billion purchase on December 9.
According to an official statement, MicroStrategy is now significantly ahead of its capital-raising target that was initially announced in October. This remarkable achievement comes at a time when the firm has been included in the tech-heavy Nasdaq-100 index, which has contributed to a significant boost in shares.
Following the announcement, MicroStrategy’s (MSTR) shares are currently up by more than 3.5% in pre-market trading. Meanwhile, Bitcoin recently hit a new record high of $106,352, according to CoinGecko data.
Notably, this massive purchase further solidifies MicroStrategy’s commitment to investing heavily in the cryptocurrency market, particularly Bitcoin.
Source: u.today
