MicroStrategy Shares Rise Over 8% In Pre-Market As Michael Saylor Prepares For 'Party' After Bitcoin Touches Historic $102K Mark

MicroStrategy Inc. (NASDAQ:MSTR) shares jumped 8.13% in pre-market trading on Thursday after Bitcoin (CRYPTO: BTC) surpassed $100,000 for the first time, continuing the software company’s stellar performance in 2024.

What Happened: The company’s stock reached $438.43 in pre-market trading, building on Wednesday’s close of $406.00. MicroStrategy, which holds approximately $40 billion in Bitcoin, has seen its shares surge over 490% year-to-date, according to data from Benzinga Pro.

The historic Bitcoin rally, with the cryptocurrency currently trading at $102,868 and up 133.13% this year, has sparked significant institutional interest in MicroStrategy. Major hedge funds, including ...

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