Why MicroStrategy Stock Jumped Today

Why MicroStrategy Stock Jumped Today

Shares of MicroStrategy (NASDAQ: MSTR) rose on Tuesday after the software company announced plans for its hoard of cash. MicroStrategy has commenced a modified Dutch auction tender offer for its common stock, and it has bought a significant quantity of bitcoins. Shares of MicroStrategy were up about 10.3% at 12:50 p.m. EDT.