Another major news sends MicroStrategy stock surging

Anand Sinha

Mon, May 12, 2025, 8:15 AM 1 min read

On May 12, MicroStrategy (Nasdaq: MSTR) laminitis and enforcement president Michael Saylor announced that the steadfast acquired 13,390 Bitcoin for astir $1.34 cardinal during May 5-11.

MicroStrategy, present known arsenic Strategy, made the Bitcoin acquisition with proceeds from the merchantability of Common A (MSTR) and 8% Series A Perpetual Strike Preferred (STRK) stocks.

The latest announcement comes wrong a fewer hours of the U.S. and China striking a landmark commercialized woody and slashing tariff rates connected each other.

The company's banal soared to $423.8 successful pre-market hours successful the aftermath of these announcements. The banal has surged much than 10% implicit the past 7 days.

Strategy that began acquiring Bitcoin successful 2020 is the world's largest firm holder of the world's largest cryptocurrency. In fact, Bitcoin is the firm's “primary treasury reserve asset.”

The firm's founder, Saylor, is well-known for his bullish outlook connected Bitcoin, predicting that the coin volition deed $13 cardinal by 2045.

As of May 11, the steadfast holds 568,840 BTC acquired for $39.4 cardinal that is worthy $59 cardinal astatine the clip of writing. In fact, it has bought implicit 40,000 BTC during the existent quarter.

Strategy's assertive Bitcoin acquisition has inspired respective companies, specified arsenic Metaplanet, Semler Scientific, etc., to adhd BTC to their equilibrium sheets.

As per Kraken's terms feed, Bitcoin was trading at $104,014 astatine property time, up 10% a week. The plus is astir 5% little than its all-time precocious (ATH) of $108,786 that it deed connected Jan. 20.