{"id":83357,"date":"2023-11-11T08:41:55","date_gmt":"2023-11-11T13:41:55","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/microstrategys-stock-surges-toward-longest-win-streak-in-nearly-9-years-as-bitcoin-extends-rally\/"},"modified":"2023-11-11T08:41:57","modified_gmt":"2023-11-11T13:41:57","slug":"microstrategys-stock-surges-toward-longest-win-streak-in-nearly-9-years-as-bitcoin-extends-rally","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=83357","title":{"rendered":"MicroStrategy\u2019s stock surges toward longest win streak in nearly 9 years as bitcoin extends rally"},"content":{"rendered":"
\n

Shares MIcroStrategy Inc.
\n MSTR,
\n +3.06%<\/bg-quote>
\n surged 2.9% in afternoon trading Friday, to put them on track to close at the highest price since March 29, 2022. The software company and bitcoin play\u2018s stock was headed for a 10th straight gain, which would be the longest win streak since the 10-day stretch that ended Feb. 13, 2015, according to Dow Jones Market Data. The stock has gotten a boost from the recent surge in bitcoin
\n BTCUSD,
\n +1.63%<\/bg-quote>,<\/span>
\n which was rallying 2.1% toward the highest close since May 2022, amid growing optimism that a bitcoin ETF will be approved soon. MicroStrategy said earlier this month that it held 158,400 bitcoin as of Oct. 31, at a total cost of $4.69 billion, or $29,586 per bitcoin, which is 20.5% below current bitcoin prices. And the correlation coefficient between MicroStrategy\u2019s stock and bitcoin over the past year is 0.90, according to a MarketWatch analysis of FactSet data, whereas a correlation of 1.00 means they move exactly in tandem. Over the past three months, MicroStrategy\u2019s stock has run up 34.5% and bitcoin has surged 26.7%, while the S&P 500
\n SPX,
\n +1.56%<\/bg-quote>
\n has slipped 1.5%.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares MIcroStrategy Inc. MSTR, +3.06% surged 2.9% in afternoon trading Friday, to put them on track to close at the highest price since March 29, 2022. The software company and bitcoin play\u2018s stock was headed for a 10th straight gain, which would be the longest win streak since the 10-day stretch that ended Feb. 13, […]<\/p>\n","protected":false},"author":1,"featured_media":78672,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-83357","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nMicroStrategy\u2019s stock surges toward longest win streak in nearly 9 years as bitcoin extends rally | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares MIcroStrategy Inc. MSTR, +3.06% surged 2.9% in afternoon trading Friday, to put them on track to close at the highest price since March 29, 2022.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=83357\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MicroStrategy\u2019s stock surges toward longest win streak in nearly 9 years as bitcoin extends rally | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"Shares MIcroStrategy Inc. MSTR, +3.06% surged 2.9% in afternoon trading Friday, to put them on track to close at the highest price since March 29, 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=83357\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-11T13:41:55+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-11-11T13:41:57+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/10\/MW-GP644_MicroS_ZG_20180906154215.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1320\" \/>\n\t<meta property=\"og:image:height\" content=\"742\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=83357#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=83357\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"MicroStrategy\u2019s stock surges toward longest win streak in nearly 9 years as bitcoin extends rally\",\"datePublished\":\"2023-11-11T13:41:55+00:00\",\"dateModified\":\"2023-11-11T13:41:57+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=83357\"},\"wordCount\":193,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=83357#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=83357\",\"url\":\"https:\/\/ifintechworld.com\/?p=83357\",\"name\":\"MicroStrategy\u2019s stock surges toward longest win streak in nearly 9 years as bitcoin extends rally | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-11-11T13:41:55+00:00\",\"dateModified\":\"2023-11-11T13:41:57+00:00\",\"description\":\"Shares MIcroStrategy Inc. 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