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MSTR
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15 days

MicroStrategy Just Bought More Bitcoin. The Stock Is Up. - Barron's

1. MicroStrategy bought 21,021 Bitcoins for $2.46 billion. 2. MSTR now holds 628,791 Bitcoins, valued around $72 billion. 3. Shares rose 5.1% to $385.31 amid market recovery. 4. Company changed equity issuance framework for Bitcoin purchases. 5. Bitcoin price shows slight increase of 0.6% recently.

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FAQ

Why Bullish?

The substantial Bitcoin purchase enhances MSTR's asset value. Historically, similar moves have positively influenced stock prices.

How important is it?

The article details a significant investment by MSTR, likely impacting market perceptions and valuations.

Why Short Term?

Immediate market reactions are expected following the Bitcoin acquisition and share resurgence.

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