Bitcoin Mining Company Vortex Brands (VTXB) Acquires MSTR Stocks, MSTR Tops S&P 500

Author: Nidhi Kolhapur

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 28, 2024 17:30

Bitcoin mining company Vortex Brands (VTXB) has recently revealed purchasing MSTR stocks.  Vortex Brands started acquiring MSTR stocks as its strategic asset. While the company’s initial purchase amounts to only 10 shares, the move comes with a broader approach to leverage arbitrage strategy between corporate public markets and the value of Bitcoin. Notably, the Michael Saylor-led firm has also topped the S&P 500, as per Saylor’s recent post on X. MSTR stock price was down 1% today to $140, although the stock surged 104% YTD and 45% over the past six months.