Why are MicroStrategy, MARA, and RIOT stocks up? Details here…

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Microstrategy, MARA Holdings and Riot stock climbed up in response to the ascent of Bitcoin to a new ATH of around $107K.

at an average price of $100.3K, raising their total holdings to 439,000 BTC. These were purchased for $27.1 billion at an average of $61,725 each.on X emphasized a long-term view on digital assets by comparing Bitcoin investment to historical valuations of Manhattan.

The MSTR approach could suggest future trends in corporate asset allocation and the broader integration of digital assets in financial strategies.MARA Holdings’ stock climbed 11% in response to Bitcoin’s ascent to a new all-time high of around $107K. MARA utilized proceeds from its zero-coupon convertible notes offerings to buy 11,774 BTC. The $1.1 billion acquisition at $96K per BTC yielded a return of 12.3% for the quarter and 47.6% year-to-date.

This strategic move expanded Riot’s holdings to 17,429 BTC, valued at $1.8 billion. Throughout the year, both acquisitions and mining operations contributed to the company’s financial performance.Consequently, Riot reported a substantial Bitcoin Yield Per Share, achieving 36.7% for the quarter and 37.2% year-to-date.

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