Meet the Everyday Traders Riding MicroStrategy’s Furious Rally
An unprofitable software company has become one of the market’s hottest stocks, with the help of 386,700 bitcoins and a legion of individual investors. MicroStrategy has transformed itself into a bitcoin holding company—and a leveraged crypto play for many investors—with a stash valued at about $37 billion. The price of bitcoin has more than doubled this year, while MicroStrategy’s share price has soared more than 500%.