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📰 $MSTR – MICROSTRATEGY SELLS STOCK AND BUYS BITCOINS FOR 8TH STRAIGHT WEEK MicroStrategy reported buying $209 million worth of bitcoins between December 23 and December 29, according to a securities filing Monday. That marks the eighth straight week in which the company reported issuing securities and using the proceeds to purchase bitcoins, Benchmark analyst Mark Palmer says in a research note. The latest purchases, made at an average price of almost $98,000, bring the value of MicroStrategy’s bitcoin holdings up to $41.6 billion against an aggregate purchase price of $27.9 billion, the analyst says. Bitcoin is currently trading at about $92,000. MicroStrategy is off 6.8% to $307.50.

December 30, 2024
Frank

$MSTR – MICROSTRATEGY SELLS STOCK AND BUYS BITCOINS FOR 8TH STRAIGHT WEEK

MicroStrategy reported buying $209 million worth of bitcoins between December 23 and December 29, according to a securities filing Monday. That marks the eighth straight week in which the company reported issuing securities and using the proceeds to purchase bitcoins, Benchmark analyst Mark Palmer says in a research note. The latest purchases, made at an average price of almost $98,000, bring the value of MicroStrategy’s bitcoin holdings up to $41.6 billion against an aggregate purchase price of $27.9 billion, the analyst says. Bitcoin is currently trading at about $92,000. MicroStrategy is off 6.8% to $307.50.