MicroStrategy shares up 20% in the week following Trump’s victory, rate cuts
MSTR has surged over 486% in the past 12 months, with the company planning to expand its Bitcoin holdings through a $42 billion purchase by 2027.
The stock market is on track to close the week with one of its best performances of the year, following Donald Trump’s victory in the presidential race and another round of interest rate cuts, boosting tech stocks such as MicroStrategy (MSRT) to soar 52-week high.
MSTR shares are trading on the Nasdaq at $271.26 at the time of this writing, nearly 20% up over the past five days. The enterprise analytics and mobility software company has seen its shares skyrocket 486% over the past 12 months, mostly thanks to its Bitcoin (BTC) reserves strategy.
MSTR five-day performance. Source: Google Finance
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Author: Ana Paula Pereira
