MicroStrategy stock pops 8% after company ups bitcoin holdings to $14.6 billion – CNBC

MicroStrategy’s stock surged by 8% following the company’s announcement that it has increased its bitcoin holdings to $14.6 billion. This move has sparked positive investor sentiment, leading to a notable rise in the company’s stock value. The decision to up its bitcoin holdings showcases MicroStrategy’s strong belief in the cryptocurrency and its potential for long-term growth. This bullish stance on bitcoin has resonated well with investors, resulting in a significant boost in the company’s stock price.