Breaking: MicroStrategy Buys $1.11 Billion In Bitcoin, MSTR Stock Jumps

Quick Summary:

The business intelligence company MicroStrategy on Friday said it has acquired 18,300 BTC worth $1.11 billion, according to a filing with the US SEC.

The company’s net BTC holding has increased to 244,800 BTC worth $9.45 billion, revealed Michael Saylor, executive chairman of the firm.

Furthermore, the trading volume has decreased by 15% in the last 24 hours.

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Article Details

Author / Journalist: Varinder Singh

Category: Crypto

Markets: India

Topics: Bitcoin (BTC) Price Michael Saylor 24/7 Cryptocurrency News Bitcoin News Microstrategy

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-13 @ 12:58:23 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 223 words

Reading Time: 2 minutes read

Sentences: 47 lines

Sentence Length: 5 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 22493470

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About CoinGape

Main Topics: Crypto

Official Website: coingape.com

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News Last Updated: 10 hours ago

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