An illustration of bitcoin on Euro banknotes.
Nicolas Economou | NurPhoto by way of Getty Photographs
MicroStrategy‘s inventory is up greater than 700% since August, when the Virginia-based enterprise software program firm turned an early adopter of shopping for bitcoin for its company treasury.
On Monday, a bit greater than a month since Saylor tweeted at Musk, Tesla revealed in a regulatory submitting it had bought $1.5 billion worth of bitcoin and plans to simply accept the digital coin as fee sooner or later. The value of bitcoin — and MicroStrategy’s inventory — soared following the information.