MicroStrategy shares up 20% in the week following Trump’s victory, rate cuts
MicroStrategy's shares rose nearly 20% over the past week, reaching a 52-week high of $271.26 amid a broader market rally following interest rate cuts. The stock has surged 486% in the past year, largely due to the company's significant Bitcoin reserves strategy. Currently, MicroStrategy holds over 250,000 Bitcoin valued at approximately $19 billion. The stock's performance is influenced by investor optimism surrounding Trump's reelection and the Federal Reserve's recent interest rate cuts, which aggregate to a 0.75 percentage points reduction this fall. Other cryptocurrency-related stocks also experienced substantial gains, with CleanSpark up 35% and Coinbase soaring over 48%. The shifting economic landscape under Trump and the Fed's monetary policy easing are key factors driving market confidence, as shown by a 5% rise in the S&P 500 for the week.
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