MicroStrategy (MSTR) shares ripped higher on Monday after the Nasdaq-listed firm disclosed its largest Bitcoin (BTCUSD) acquisition of the year, purchasing 22,337 BTC for nearly $1.6 billion in total.
As investors reacted to this update that signals the “Saylor Playbook” is now back in high gear, MSTR broke through its 50-day moving average (MA), indicating shifting momentum in favor of the bulls.
