Microstrategy Has Acquired an Additional 11,931 Bitcoin for ~$786.0M

Quick Summary:

The acquisition was strategically funded through convertible notes and surplus cash, averaging a buy-in at around $65,883 per bitcoin.

MicroStrategy’s stock has surged by a staggering 135% just this year, with analysts from Bernstein giving the company a hearty outperform rating.

Under his leadership, MicroStrategy has transformed from a lesser-known software entity into a crypto giant.

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Article Details

Author / Journalist: Qadir AK

Category: Crypto

Markets: United States

Topics: Bitcoin News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-20 @ 12:57:19 (1 weeks ago)

News Timezone: GMT +8:00

News Source URL: coinpedia.org

Language: English

Article Length: 296 words

Reading Time: 2 minutes read

Sentences: 30 lines

Sentence Length: 10 words per sentence (average)

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

Copyright Owner: © Coinpedia

News ID: 21320673

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