It fell 19+% in half a day
Why Is MicroStrategy Stock Soaring 10% on Wednesday
Shares of business analytics software company MicroStrategy jumped 15% in the afternoon session after the company announced the pricing of a new private offering of $2.6 billion in convertible senior notes due in 2029. MicroStrategy intends to use the net proceeds from the issuance to accelerate its Bitcoin purchases. When examining the relationship between MicroStrategy's stock price and the rising price of Bitcoin, it remains unclear whether the stock influences Bitcoin's improved price momentum or vice versa. However, the market's reaction suggests that optimism remains strong in light of the company's ongoing Bitcoin acquisition strategy.Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft to Alphabet , Coca-Cola to Monster Beverage could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we’ve identified a relatively under-the-radar profitable growth stock bene
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