Why MicroStrategy Stock Surged to a New 52-Week High Today

Shares of technology company MicroStrategy (MSTR 15.86%) surged to a new 52-week high on Monday, after the company disclosed that it had bought more Bitcoin (BTC 5.41%). On top of MicroStrategy's new purchase, Bitcoin itself is having a good day, up about 5% over the past 24 hour hours. For its part, MicroStrategy stock was up 16% as of 3:20 p.m. ET.An unbelievable amount of BitcoinFrom Feb. 15 through Feb. 25, MicroStrategy was buying Bitcoin. The company wound up buying 3,000 additional bitcoins for $155 ...