Published on 11 Nov 2024 on Benzinga
What's Going On With MicroStrategy Stock Monday? - MicroStrategy (NASDAQ:MSTR)
MicroStrategy Inc MSTR shares are trading higher Monday after Bitcoin BTC/USD prices hit new all-time highs over the weekend. MicroStrategy also announced that it raised $2 billion to buy more Bitcoin.
What Happened: Bitcoin climbed to new highs over the weekend and hit another high Monday morning as the rally in risk assets following Donald Trump’s election win continues. Risk assets have benefited as most anticipate a more favorable regulatory environment under Trump. Trump had also positioned himself as a pro-crypto candidate.