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Crypto

MicroStrategy Buys Another Large Batch of Bitcoins Despite Stock Price Dip

Guavy AI Editorial Team
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BTC
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MicroStrategy's stock price fell 0.75% on Monday after the company disclosed another Bitcoin purchase of 1,665 BTC for approximately $142.7 million.

The latest acquisition takes MicroStrategy's total Bitcoin holdings to 847,666 BTC, which are worth around $70.6 billion based on current prices, according to co-founder and executive chairman Michael Saylor.

MicroStrategy acquired the holdings at an average price of $75,437 per Bitcoin, with total costs of approximately $64 billion including fees and expenses.

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