Daily Trade News

Thanks Bitcoin, MicroStrategy stock is up 113% since being downgraded



Thanks Bitcoin, MicroStrategy stock is up 113% since being downgraded by Citigroup

On Dec. 8, 2020, Citigroup (NYSE:), one of the largest banks in the world, downgraded MicroStrategy’ss stock (MSTR). Since then, MSTR stock is up 113.27% from $289.45 to $617.31, as the price of (BTC) rallied.

In the same period, the Citigroup stock has declined slightly by 0.63%, from $58.36 to $57.99.

MicroStrategy stock vs. BTC and Nasdaq. Source: ecoinmetrics