A big reason MicroStrategy ( MSTR -4.40%) was such a hot stock in 2024 is its bullish position on Bitcoin. The company is such a big believer in crypto that it's planning to raise $42 billion in capital during the next three years for the purpose of adding to its tally.

MicroStrategy announced on August 11, 2020, its first bitcoin purchase where it bought 21,454 bitcoins for $250 million or an average of $11,653. Over the past four plus years it has bought a total of 444,262 bitcoins for about $27.7 billion or $62,257 each.

MicroStrategy's Bitcoin purchases 2,138 BTC, worth $209 million, reflecting a continued investment strategy in the growing market.

MicroStrategy Inc. said it bought $209 million of Bitcoin, marking the eighth consecutive week of purchases for the dot-com-era software maker turned leveraged proxy for the original cryptocurrency.

"These types of things never go on forever and often end poorly," Steve Sosnick said of MicroStrategy's leveraged bitcoin bet.

MicroStrategy today announced the purchase of an additional $209 million worth of Bitcoin, its eighth consecutive weekly buy.

Here are some of the notable stock movers in Thursday's premarket action: Shares of bitcoin investor MicroStrategy are jumping nearly 6% as the crypto currency gains 2% to trade around $96,500. The rise in bitcoin is also helping crypto trading portal Coinbase Global,

Shares of MicroStrategy now sit firmly on their $300 price tag, which should also be considered significant as a round number. A break below $300 will increase selling pressure on the stock, targeting a retracement to $250, an 18% decline.

Shares of cryptocurrency-focused companies like Coinbase and MicroStrategy jumped Thursday morning ahead of the first trading session of the new year as Bitcoin also rose.

Shares in MicroStrategy, the business software company that’s become a Bitcoin proxy since it started piling into the token in 2020, were up 5.8%. The launch of several spot exchange-traded funds and the expectation that President-elect Donald Trump will ...

MicroStrategy stock was down 7.2% to $306.24 in late morning trading. Shares of MicroStrategy, the world’s largest corporate holder of Bitcoin, are closely linked to the price of the currency. The price of Bitcoin is down about 2% in the past week,