MSTR Stock Drops as Strategy Buys 592 Bitcoin for $39.8M

TLDR Strategy completed its 100th Bitcoin purchase with a 592 BTC acquisition worth about $39.8 million. The company increased its total Bitcoin holdings to 717,722 BTC after the latest buy. Strategy funded the purchase through the market sales of its Class A common stock. The firm reported an average purchase price of $67,286 per Bitcoin [...]

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