MicroStrategy, a company enthusiastic about Bitcoin, saw its shares (NASDAQ:MSTR) end above $500 on Black Friday, reaching a level not seen since December 2021. The firm's market value hit $7.33 billion, as reported by a New York-based, technology-focused stock exchange.
The company's strategy of maintaining a substantial Bitcoin portfolio has paid off. Despite starting the year with a quarterly loss, its stock value doubled in just a month. MicroStrategy, under the leadership of founder and chairman Michael Saylor, who began investing in Bitcoin in August 2020 as an inflation safeguard, is now among the largest institutional Bitcoin owners.
Michael Saylor, speaking to CNBC, expressed optimism about the next 12 months. He anticipates rising demand and shrinking supply for Bitcoin, a situation he views as unprecedented in Wall
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First found on: MicroStrategy Hits Highs Not Seen Since 2021
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