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Microstrategy stock growth due to $4.6 billion bitcoin purchase

Stock Growth

MicroStrategy (MSTR) shares recorded a 13% increase on Monday’s trading session, thanks to the announcement of purchasing a volume of Bitcoin worth up to $4.6 billion, pushing the shares to a record high.

Investment Strategy

Michael Saylor, co-founder and executive chairman of the company, said that the Bitcoin investment strategy is going well, helping the company achieve unrealized profits of approximately $13.7 billion.

Asset Expansion

To further expand crypto assets, MicroStrategy plans to issue an additional $1.75 billion convertible bonds. Besides MicroStrategy, some other companies are also looking at Bitcoin as a reserve asset.

New Financial Trend

In the context of increasing inflationary pressures and geopolitical tensions, this shows a clear trend in enhancing financial positions of businesses by reserving Bitcoin.

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