‘Other companies will follow’ — MSTR stock up 9% after buying Bitcoin

Cointelegraph

Published Sep 16, 2020 06:51AM ET

Updated Sep 16, 2020 08:40AM ET

The Nasdaq-listed firm MicroStrategy (MSTR) is continuing to purchase hundreds of millions of dollars worth of Bitcoin (BTC), resulting in its company stock price to gain over 9% on Sep 16.

MicroStrategy first announced the firm is purchasing Bitcoin on Aug. 11, after which its stock price surged by over 10%.

Continue Reading on Coin Telegraph