MicroStrategy stock breaks past $1,860 to reach all-time high

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The Block2024/03/26 17:49

By:The Block

Quick Take MicroStrategy’s stock surpassed $1,860 to trade at an all-time high Tuesday, hitting a daily peak of $1,909, according to Yahoo Finance. The record emerged after MicroStrategy added an additional 9,245 bitcoin on March 19, bringing their total to around 214,250 BTC to its treasury, and thus controlling 1% of bitcoin’s total supply.

MicroStrategy stock breaks past $1,860 to reach all-time high image 0

Business intelligence-turned-bitcoin holding company MicroStrategy's stock hit an all-time high of $1,909 on Tuesday, according to Yahoo Finance.

The firm's stock price has since fallen to $1,863 as of 12:35 p.m. ET after seeing a 0.49% 24-hour increase. MicroStategy's intraday market capitalization now sits at $31.67 billion.

The record emerged after MicroStrategy added an additional 9,245 bitcoin , worth $623 million, on March 19, bringing their total to around 214,250 BTC -0.16% in its treasury. The firm now controls 1% of bitcoin's total supply, The Block previously reported.

Bitcoin's price hit $69,522.56 at 12:47 p.m. ET on March 26, experiencing a 0.82% decrease in the past 24 hours, according to The Block's bitcoin price page. Earlier Tuesday, the price of bitcoin broke past $71,000, causing $193 million in liquidations over the past 24 hours.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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