Business intelligence firm Microstrategy (MSTR) has been leading by example on how can a company change its fortunes by betting big on Bitcoin. On Wednesday, February 28, the Microstrategy (MSTR) share price registered 10% gains for the second consecutive day closing at $962.95. In the aftermarket hours, the MSTR stock has surged by an additional 2.85% moving closer to $1000.
Bitcoin Gains Fuel MicroStrategy Share Price
The massive back-to-back rallies in the MicroStrategy share price comes amid a strong rally in the Bitcoin price which surged all the way to $64,000 on Wednesday. On the weekly chart, the Bitcoin price is up by 20% as of now.
On the other hand, Microstrategy stock continues to outperform Bitcoin by gaining 40% in the last five trading sessions. As of Wednesday’s closing, the MSTR share price is up by a staggering 273% outperforming Bitcoin’s 168% gains.
It is clear that through its Bitcoin bet, MicroStrategy has managed to create a massive value unlocking for its sh
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