MicroStrategy (MSTR) surged 25%, reaching a new all-time high of $340, exceeding its dotcom-era record, as Bitcoin hit unprecedented levels. The company’s acquisition of over 27,000 BTC boosted its holdings to over 279,000 BTC. The Bitcoin rally followed the U.S. election, with investor optimism around digital assets rising amid expectations of a more crypto-friendly stance under a potential Republican-led administration. The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19. Find out more on benzinga.com.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02MicroStrategy surged 25%, reaching a new all-time high of $340, succeeding its dot-com
00:09era record as Bitcoin hit unprecedented levels. The company's acquisition of over 27,000 Bitcoin
00:15boosted its holdings to over 279,000 Bitcoin. Bitcoin rally followed the U.S. election,
00:21with investor optimism around digital assets rising amid expectations of a more crypto-friendly
00:27stance on our potential Republican-led administration. The influence of Bitcoin
00:32as an institutional asset class is expected to be thoroughly explored at Benzinga's upcoming
00:37Future of Digital Assets event on November 19th. You can find out more on Benzinga.com.