MicroStrategy shares saw a notable increase of 6.53% to $166.73 on September 26th. This price jump is closely related to the recent rally in the Bitcoin price, which has exceeded the $35,000 mark. As the largest listed Bitcoin holder, MicroStrategy benefits directly from the positive development of the cryptocurrency.
Aggressive investment strategy pays off
CEO Michael Saylor’s strategy of investing heavily in Bitcoin appears to be paying off. The company recently announced that it would allocate an additional $700 million for Bitcoin purchases. This aggressive approach has made MicroStrategy a de facto Bitcoin ETF and is attracting increased interest from investors looking to indirectly invest in Bitcoin. Given the ongoing discussions about the possible approval of Bitcoin spot ETFs in the USA, the further price development of MicroStrategy shares remains closely linked to the fate of the crypto market.
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MicroStrategy shares: buy or sell?! New MicroStrategy analysis from September 27 provides the answer:
The latest MicroStrategy figures speak for themselves: there is an urgent need for action for MicroStrategy shareholders. Is it worth getting started or should you sell? In the current free analysis from September 27th you will find out what to do now.
MicroStrategy: Buy or sell? Read more here…
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