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MicroStrategy Stock Dips by 8% Following Fresh $209 Million BTC Late-Year Buy
Business intelligence firm MicroStrategy has seen its stock plummet by 8% following a massive $209 million purchase of Bitcoin (BTC) at the end of the year. The move, which added 2,136 new coins to the company’s already substantial holding, has raised eyebrows in the crypto and finance communities.
According to Google Finance, the stock of MicroStrategy is currently trading at $302 per share, a significant drop from its previous value. This comes as no surprise, given that the firm now holds an astonishing 446,400 BTC units acquired since 2020.
Source: www.crypto-news.net
