Why MicroStrategy Stock Soared 59% in November
Shares of MicroStrategy (NASDAQ: MSTR), the cloud software stock that has converted itself into a Bitcoin (CRYPTO: BTC) treasury stock, were surging last month, benefiting from all-time high Bitcoin prices and the belief that the Trump administration will adopt crypto-friendly policies.
As a result, the stock finished the month up 59%, according to data from S&P Global Market Intelligence. Microstrategy's stock tends to trade as a leveraged Bitcoin ETF, which helps explain the stock's volatility over the month.
Source Fool.com
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