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MicroStrategy adds 51,780 more bitcoins to stash for $4.6B
On Nov. 18, MicroStrategy ( NASDAQ: MSTR) sold almost 13.6M shares for net proceeds of $4.6B under its previously announced sales agreement. As of Nov. 17, ~$15.3B of shares remain for issuance and sales under the agreement.
MicroStrategy: A Smarter Bet Than Bitcoin Itself?
MicroStrategy started its Bitcoin investment strategy in 2020 to position it as a hedge asset against inflation and diversify treasury. First the bought the crypto currency at $49,874 per Bitcoin and keep averaging up to $88,627 per Bitcoin.
MicroStrategy acquired 51,780 bitcoins for about $4.6B from Nov. 11-17
In a regulatory filing earlier, MicroStrategy (MSTR) announced that, during the period between November 11 and November 17, the company
MicroStrategy Market Value Tops $100 Billion as Bitcoin Hits New High
Shares of the bitcoin holder are up 11.2% Tuesday to $427.96, continuing its rally with the stock nearly doubling since the Nov. 5 election.
MicroStrategy's $4.6 Billion Bitcoin Bet: Genius Move or Risky Gamble?
Over six days, the company scooped up 51,780 Bitcoin for $4.6 billionyes, billion bringing their total stash to a jaw-dropping 331,200 BTC. The average recent buy-in price? $88,627 per coin. But with Bitcoin now dancing around $90,
13h
on MSN
MicroStrategy Stock Continues To Climb: What's Going On?
MicroStrategy Inc (NASDAQ:MSTR) shares are trading higher Tuesday. Benchmark raised its price target after the company ...
Hosted on MSN
1d
MicroStrategy Shares Are Surging Monday: What's Going On?
MicroStrategy Incorporated (
NASDAQ
:
MSTR
) shares are trading higher Monday after the company acquired 51,780 additional ...
14h
Billionaire Michael Saylor's Company Just Bought This Popular Cryptocurrency
Billionaire Michael Saylor's Company Just Bought This Popular Cryptocurrency was originally published by The Motley Fool The ...
4d
on MSN
Jim Cramer on MicroStrategy Incorporated (MSTR): ‘Why Own A Pretender When You Can Own The Real Thing, The One That’s Up Nearly 419% For The Year’
We recently compiled a list of the Jim Cramer’s Best Performers List: Top 10 Stocks. In this article, we are going to take a ...
MarketBeat on MSN
17h
Buying the Dip on Crypto Stocks: Only If This Happens
Investors are probably aware of the “Everything rally” that took place a few days after the United States presidential ...
16h
on MSN
5 Things to Know Before the Stock Market Opens
U.S. stock futures are moving lower on Russian tensions; Walmart shares are jumping in premarket trading after the retailer ...
4d
on MSN
MicroStrategy remains most squeezable crypto stock at the end of October
MicroStrategy (NASDAQ:MSTR) and Coinbase (NASDAQ:COIN) have the most possibility of a short squeeze - or a rally spurred by ...
Hosted on MSN
1d
MicroStrategy makes record bitcoin purchase for $4.6 billion
Investing.com - MicroStrategy Incorporated (NASDAQ:MSTR) added 52,000 bitcoins to its portfolio worth $4.6 billion over the ...
1d
MicroStrategy stock surges on its $4.6 billion Bitcoin buy
In an SEC filing Monday, MicroStrategy said that it acquired approximately 51,780 bitcoins for approximately $4.6 billion in ...
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