news 
Title: MicroStrategy Stock Dips by 8% Following Fresh $209 Million BTC Late-Year Buy
Despite the recent addition of 2,136 Bitcoins worth a staggering $209 million to its existing portfolio, MicroStrategy’s stock has taken an unexpected turn, plummeting by a significant 8%. The latest move sees the business intelligence firm’s shares trading at $302 as per Google Finance.
MicroStrategy’s Bitcoin acquisition spree continued with the recent purchase, which takes its total holdings to 446,400 BTC. The company initially ventured into the world of cryptocurrency in 2020 during the lockdown and has since become one of the largest institutional investors in Bitcoin.
While some may be surprised by the stock’s dip, it is essential to note that the firm funded the acquisition by selling 592,987 shares. Despite this move, MicroStrategy remains committed to its Bitcoin investment strategy, having added a massive 194,180 BTC to its portfolio since October.
Notably, this latest purchase marks the eighth consecutive week of acquisitions for the company.
Source: www.crypto-news.net
