MicroStrategy stock has soared 94% in 2024, fueled by Bitcoin’s rally above $97,000, with $15 billion in unrealized gains.
Microsoft news
Hoth Therapeutics allocates $1 million to Bitcoin, reflecting rising business adoption amid increasing attention on BTC’s inflation-resistant value.
MicroStrategy’s Michael Saylor says he’ll get three minutes to pitch Microsoft on why it should buy Bitcoin, claiming it would make it a more stable and less risky stock.
The Drex phase two pilot leverages Chainlink’s CCIP and Microsoft’s cloud infrastructure to innovate trade finance automation.
Shares in Nvidia rose 2.84% during Tuesday trading, allowing the company to retake the top spot as the most valuable public company.
Microsoft has a “fiduciary duty” to do what is in the financial interests of shareholders and knocking back Bitcoin could go against those interests, a policy research center executive explained.
Wider economic and stock market-related issues are impacting Bitcoin’s softening price, but futures market data shows traders still feel bullish.
Meta and Microsoft have reported better-than-expected earnings for the last quarter carried by their AI businesses, but muted outlooks saw their shares drop after hours.
Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC.
MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.