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One platform for global traditional assets
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CoinWorld News reports that, according to Watcher Guru, MicroStrategy (MSTR) stock price rose over 10% on Wednesday, thanks to the latest rebound in Bitcoin. Former CEO Michael Saylor stated that the company repurchased 34,164 Bitcoins this week, spending approximately $2.54 billion at an average price of $74,395 per Bitcoin. This purchase brings the company's total Bitcoin holdings to 815,061, with a total expenditure of about $61.56 billion. Bitcoin has increased by 17% over the past month and accelerated higher during Wednesday's trading, driving MSTR's growth, with the stock price rising over 32% in the past month.