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Benzinga
Benzinga
Business
Melanie Schaffer

MicroStrategy Forms Bullish Pattern As CEO Saylor Forecasts Bitcoin Will Reach "Into The Millions"

MicroStrategy Bitcoin Nasdaq Crypto

MicroStrategy, Incorporated (NASDAQ:MSTR) was surging more than 10% higher on Thursday in tandem with Bitcoin (CRYPTO: BTC), which was trading almost 5% higher despite the S&P 500 struggling to trade flat.

The business intelligence and cloud-based services company, which holds about 129,218 Bitcoins according to its first-quarter earnings release, has been trading in a steep downtrend since March 29.

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