MicroStrategy Incorporated is trading 5.7% up at $127.28 after disclosing a $101.3 million Bitcoin purchase funded by a recent equity raise.
- The company raised $181 million via an at-the-market stock offering and used part of the proceeds to acquire 1,550 Bitcoin.
- Broader gains in cryptocurrency prices and U.S. equities are providing additional support to the stock's upward momentum.