MicroStrategy (MSTR) Stock Soars to 52-Week High as Bitcoin (BTC) Price Reaches All-Time High Following Trump Victory

The stock market is on track to close the week with one of its best performances of the year, following Donald Trump's victory in the presidential race

Stock markets are set to conclude the week on a high note, largely driven by Donald Trump’s victory in the presidential race and another round of interest rate cuts, which have propelled tech stocks like MicroStrategy (MSRT) to 52-week highs.

At the time of writing, MSTR shares are changing hands on the Nasdaq at $271.26, up nearly 20% over the past five days. The enterprise analytics and mobility software company has seen its shares soar by 486% over the past 12 months, largely thanks to its Bitcoin reserves strategy.

MSTR five-day performance. Source: Google Finance

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The company, founded by Bitcoin proponent Michael Saylor, currently holds a portfolio of over 250,000 Bitcoin, valued at over $19 billion at current prices. Recently, MicroStrategy disclosed a plan to purchase $42 billion worth of Bitcoin by 2027.

Following Trump’s election, the cryptocurrency’s price also hit an all-time high, surging by over 10% and trading at around $76,600 on Nov. 8.

Other Bitcoin-linked stocks have also had a strong week. Shares of Bitcoin mining company CleanSpark (CLSK) have risen by 35% over the past five days, while crypto exchange Coinbase (COIN) — one of the biggest donors in the U.S. election — has seen its stock soar by more than 48%.

Investor optimism is being driven by expectations of a more favorable economic environment under Trump’s reelection and further easing by the Federal Reserve. In September 2024, the Fed cut interest rates by 0.5 percentage points, marking its first reduction in over four years. On Nov. 7, it followed up with another 0.25-point cut, bringing the federal funds rate to 4.5% – 4.75%.

The broader market has rallied in response, with the S&P 500 up 5% for the week and the Dow Jones gaining 4.8%, indicating growing confidence among investors. Magazine: How the digital yuan could change the world… for better or worse

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