MicroStrategy’s Bitcoin Bet Pays Off as Stock Surges 513%
MicroStrategy’s CEO Michael Saylor is riding high after his company’s stock price surged 513% in the past year. Despite Bitcoin’s 117% gain, MicroStrategy’s market cap is more than double its Bitcoin holdings, worth $37.6 billion. Saylor attributes this success to “leveraging” Bitcoin, meaning buying and holding onto it while using borrowed funds to amplify returns. … Read more