MicroStrategy’s Stock Hits Record High, Surges 25% Amid Bitcoin Rally

Benzinga 2024-11-12

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MicroStrategy (MSTR) surged 25%, reaching a new all-time high of $340, exceeding its dotcom-era record, as Bitcoin hit unprecedented levels. The company’s acquisition of over 27,000 BTC boosted its holdings to over 279,000 BTC. The Bitcoin rally followed the U.S. election, with investor optimism around digital assets rising amid expectations of a more crypto-friendly stance under a potential Republican-led administration. The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19. Find out more on benzinga.com.

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