Why Crypto Mining Stocks Booked Double-Digit Gains Today
Despite its nickname, Hump Day did not provide any impediment to the seemingly unstoppable cryptocurrency rally. A top crypto bull made a big move, and in response, his chosen coin's upward momentum continued.
Unsurprisingly, investors in altcoins and crypto mining stocks eagerly followed suit. Mining sector bellwether Marathon Digital Holdings (NASDAQ: MARA) closed the day nearly 15% in positive territory. Peer CleanSpark (NASDAQ: CLSK) wasn't far behind with a 14% gain, while SOS Limited (NYSE: SOS) trumped both with a rise of more than 18%.
That bull is Bitcoin (CRYPTO: BTC) evangelist Michael Saylor, co-founder and executive chairman of software company (NASDAQ: MSTR). To assert that Saylor is all in on Bitcoin is a monster understatement. Several years ago, he and MicroStrategy decided to plow nearly all its spare capital (plus piles of debt financing) into stocking up on the digital coin.
Source Fool.com
Microstrateg.a New Stock
Microstrateg.a New is currently one of the favorites of our community with 11 Buy predictions and no Sell predictions.
As a result the target price of 1730 € shows a slightly positive potential of 11.5% compared to the current price of 1551.5 € for Microstrateg.a New.
