MicroStrategy has added another $200 million worth of Bitcoin, purchasing approximately 3,000 BTC at an average price of $67,700 per coin. This brings the company's total Bitcoin holdings to about 720,750 BTC, valued at approximately $49.5 billion. Following the announcement, the company's stock price rose over 6%, with analysts predicting a rebound and maintaining a "Buy" rating. Recently, MicroStrategy also raised funds through preferred stock issuance to cover its Bitcoin purchases, further solidifying its position as the world's largest institutional Bitcoin holder.
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MicroStrategy has added another $200 million worth of Bitcoin, purchasing approximately 3,000 BTC at an average price of $67,700 per coin. This brings the company's total Bitcoin holdings to about 720,750 BTC, valued at approximately $49.5 billion. Following the announcement, the company's stock price rose over 6%, with analysts predicting a rebound and maintaining a "Buy" rating. Recently, MicroStrategy also raised funds through preferred stock issuance to cover its Bitcoin purchases, further solidifying its position as the world's largest institutional Bitcoin holder.