BTC-Fan MicroStrategy Sees Its Stock Double

MicroStrategy has been the subject of many a headline in the past several weeks given that it’s one of the first major institutional firms to come out and mention that it will be purchasing bitcoin. MicroStrategy is now looking like a bit bitcoin ETF according to Bloomberg analyst Mike McGlone, and the company has recently announced a new capital allocation plan that will include returning more than $200 million to its shareholders and investing a lot more money into digital currencies.

One of the big things behind MicroStrategy right now is that people could potentially purchase stock in the firm as a way of gaining access to bitcoin. It looks like several companies that have invested in bitcoin have witnessed their stock move up in price over the past few weeks.

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