MicroStrategy has cut 20% of its workforce as its bitcoin buying multiplies - MarketWatch

1. MicroStrategy's bitcoin holdings increased to 478,740 by Feb. 17, worth $45.1 billion. 2. The company reported laying off 400 employees, primarily in R&D and consulting. 3. MSTR shares fell 1.1% despite a 1.4% increase in bitcoin prices. 4. In 2024, MSTR spent $22.1 billion to acquire bitcoin at $85,447 each. 5. MSTR did not purchase bitcoin between Feb. 10-17, breaking a consistent buying trend.