MicroStrategy adds more than $2bn to bitcoin coffers as Trump trade heats up
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MicroStrategy has purchased an additional 27,200 bitcoins for $2.03 billion, despite bitcoin's all-time high prices. This move reinforces its position as a major bitcoin holder.
November 11, 2024 | 4:00 pm
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MicroStrategy has acquired 27,200 bitcoins for $2.03 billion, further solidifying its role as a significant bitcoin holder. This purchase may influence MSTR's stock price due to its increased bitcoin exposure.
MicroStrategy's significant purchase of bitcoin increases its exposure to the cryptocurrency market. Given the high price of bitcoin, this move could positively impact MSTR's stock price as it aligns with the company's strategy and investor expectations.
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IMPORTANCE 90
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