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  • Bitcoin Tops $88K, Catapulting MicroStrategy to 24-Year Record Amid Supercharged Crypto Rally
  • Crypto

Bitcoin Tops $88K, Catapulting MicroStrategy to 24-Year Record Amid Supercharged Crypto Rally

cryptovert November 12, 2024 1 min read

Crypto-related
stocks
jumped
double-digit
percentages
at
the
opening
due
to
the
weekend
crypto
rally,
and
climbed
even
more
during
the
day.
Crypto
exchange
Coinbase’s
(COIN)
shares
closed
the
session
almost
20%
up,
topping
$320
for
the
first
time
since
November
2021.
Bitcoin
miners
MARA
Holdings
(MARA),
CleanSpark
(CLSK)
and
Hut
8
(HUT)
booked
25%-30%
gains.

MicroStrategy
(MSTR),
the
Nasdaq-listed
software
company
with
the

largest
corporate
bitcoin
treasury
,
melted
up
25%,
closing
the
day
at
a
new
all-time
high
price
of
$340,
overcoming
its
24-year
old
record
from
the
dotcom
bubble
era.
The
company
announced
on
Monday
that
it
acquired
27,200
BTC,
bringing
its
total
holdings
to
279,420
bitcoin,
worth
about
$24.5
billion
at
current
price.

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Previous: Former Alameda Co-CEO Sam Trabucco Agrees to Forfeit $70M, Yacht, Apartments to FTX Creditors
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