Why MicroStrategy Stock Skyrocketed Today
Shares of MicroStrategy Incorporated (NASDAQ: MSTR) popped this morning after Tesla CEO Elon Musk tweeted on Sunday that his electric car company is open to accepting Bitcoin (CRYPTO: BTC) if the mining technology becomes cleaner in the future.
At 10:49 a.m. EDT the tech stock was up by 14.8%.
MicroStrategy is technically a software company, but its share price often rises and falls along with the price of Bitcoin because the company owns about $4 billion worth of the cryptocurrency.
Source Fool.com
