
According to data from the SaylorTracker website, MicroStrategy currently holds 446,400 Bitcoin, valued at approximately $43.7 billion.
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MicroStrategy stock has soared 94% in 2024, fueled by Bitcoin’s rally above $97,000, with $15 billion in unrealized gains.
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Analysts expect MSTR stock to pump to as high as $450 as Bitcoin’s price continues to rise.
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MicroStrategy’s $1.11 billion Bitcoin purchase was funded by selling over eight million company shares through a sales agreement.
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Major asset management firm Capital International has gained exposure to bitcoin through investing in almost 1 million shares of Microstrategy which now holds more than 100K bitcoins. Capital International Investors (CII) informed the SEC in a filing dated July 12 that it has purchased shares of Microstrategy’s Class A common stock (MSTR). The filing states: […]
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Microstrategy Inc. is selling up to $1 billion of its common stock, MSTR, with the aim to use some of the net proceeds to buy bitcoin. The Nasdaq-listed company also recently completed a $500 million secured notes offering and will use the proceeds to acquire bitcoins. Selling MSTR Stock to Buy Bitcoin Microstrategy Inc. has […]
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MSTR stock has surged by roughly 113% since Dec. 8 when it was downgraded by a Citigroup analyst.
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