
Crypto stocks, including MicroStrategy, Coinbase, and others, experienced significant gains as Bitcoin's value surged beyond $65,000. MicroStrategy's shares notably soared, closing at their highest level since March 2000 after a 24% gain, attributed to the company's substantial Bitcoin portfolio now exceeding $13 billion. The company owns 190,000 Bitcoin, valued at about $12.8 billion, with a stock market cap of $22.6 billion. However, after announcing plans to seek $600 million in financing through convertible notes to acquire more Bitcoin, MicroStrategy's stock dipped 3.7% premarket. This move reflects the company's aggressive investment strategy in cryptocurrency, even as its stock reached over $1,300 for the first time in 24 years, coinciding with Bitcoin nearing its all-time high price.





MicroStrategy slips from 24-year high on convertible offering to buy more bitcoins https://t.co/kvJtmQjELE https://t.co/ofjDovY1sm
MicroStrategy’s stock pulls back after plan to offer debt to buy more bitcoin https://t.co/ku5sHMMjoP
$MSTR (-3.7% pre) MicroStrategy slides from 24-year high on convertible offering to buy more bitcoins - Reuters https://t.co/GWNeasHqpG