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

Bitcoin is rising above $64,000, and MicroStrategy shares are soaring by 40% in three days in Suqian, Jiangsu Province, China, on February 29, 2024. MicroStrategy shares jumped more than 8% on Friday after founder Michael Saylor said the company purchased another$ 1.1 billion worth of bitcoin. The stock jumped 24% for the week and is now up 124% this year. Saylor said in a post on X that MicroStrategy's average purchase price in the four years it's been buying bitcoin is $38,585 per coin. Bitcoin is current ...