Bitcoin Pushes MicroStrategy Up 113% Since Citigroup Downgra

Bitcoin Pushes MicroStrategy Up 113% Since Citigroup Downgrade in December


Bitcoin Pushes MicroStrategy Up 113% Since Citigroup Downgrade in December
Feb 1 2021 · 09:40 UTC | Updated
Feb 1 2021 · 09:51
by Ibukun Ogundare · 3 min read
Photo: Shutterstock
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Despite the fall in BTC price, MicroStrategy CEO remains confident in the company’s constant acquisition of the digital currency.
MicroStrategy Inc (NASDAQ: MSTR) recorded about a 113% increase in its stock since the 8th of December when Citigroup Inc (NYSE: C) downgraded the company’s stock. Over the same period, Citigroup’s stock has dropped from $58.36 to $57.99, recording about a 0.63% decline. Currently, Citigroup is at after-hours trading of 0.03% to $58.01. Citigroup is down nearly 6% in its year-to-date record.

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