Reported 2 days ago
MicroStrategy Inc. has purchased an additional $561 million worth of Bitcoin over the past week, marking the company's seventh consecutive week of acquisitions. The firm acquired 5,262 Bitcoin at an average price of about $106,662 each, despite Bitcoin's price touching a record high of over $108,000. As MicroStrategy prepares to join the Nasdaq 100 Index, analysts remain optimistic about its capital-raising plans, even as the company's stock faces volatility linked to movements in Bitcoin prices.
Source: YAHOO