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MSTR
Market Watch
127 days

MicroStrategy reverts to selling just common stock to buy bitcoin - MarketWatch

1. MicroStrategy spent $285.8 million to buy 3,459 bitcoins. 2. Shares were sold at $297.69, raising nearly $285.7 million. 3. Average purchase price for bitcoins was $82,618, below market rate. 4. MicroStrategy now holds 531,644 bitcoins, valued at $45.18 billion. 5. Stock rallied 4.2%, trading at $312.56 after share sale.

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FAQ

Why Bullish?

MSTR's strategic bitcoin purchases indicate confidence in BTC's future, suggesting possible price appreciation, unlike the past difficulties with debt sales.

How important is it?

The sale of shares to purchase bitcoins suggests a strategic pivot toward leveraging bitcoin, directly impacting MSTR's valuation.

Why Short Term?

Stock price likely to react favorably in the short term due to bullish bitcoin sentiment, but volatility remains.

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