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MicroStrategy Buys 1,031 More Bitcoin

Published 1 week, 4 days ago
Description

MicroStrategy, the leading public company holding Bitcoin, recently acquired an additional 1,031 coins, bringing their total to 762,099. This purchase, valued at $76.6 million, was funded solely through the sale of their class A common stock, unlike previous mixes with preferred equity. This acquisition marks a smaller move compared to the prior weeks purchases. Despite a 7% paper loss, MicroStrategy remains committed to stacking Bitcoin, signaling confidence in its long-term value.

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