MicroStrategy Shares Surge on Bitcoin Rally
Update: 2026-01-02
Description
MicroStrategys shares surged by 3.4% in afternoon trading today, following Bitcoins 1.52% increase to around $89,168. Benchmarks buy rating and price target of $705 for 2026 boosted investor confidence. Despite a 58% drop over the past three months, the stock closed at $157.56, up 3.7% from yesterday. MicroStrategy recently raised $748 million from a share sale, bolstering their cash pile to $2.19 billion and pausing Bitcoin buys. Despite a Citigroup analysts price target cut by 33% to $325, the stock remains a long-term buy. Checkout Solipillow.com
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