MicroStrategy shares are soaring on Monday following the fourth halving event of Bitcoin, which is seen as a catalyst for the cryptocurrency’s price due to decreased selling pressure. The company, which holds over 214,000 Bitcoin, believes the halving will drive up the price.
Results for: MicroStrategy
Following a successful ‘event’ over the weekend, cryptocurrency-related stocks experienced significant gains on Monday afternoon. Notable performers included MicroStrategy, Coinbase, and mining companies like Riot Platform and Hut 8 Corp.