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MicroStrategy Stock Falls Despite Adding Over 1,600 More Bitcoin

Guavy AI Editorial Team
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BTC
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MicroStrategy's stock price fell by 0.75% on Monday despite the company adding another 1,665 BTC to its treasury.

The latest purchase brings the total number of BTC held by MicroStrategy to 847,666, with an aggregate acquisition cost of approximately $63.95 billion and a current value of around $70.6 billion based on current prices.

The company's strategy of accumulating Bitcoin as its primary treasury asset continues, with the latest purchase funded partly through proceeds from sales of its Class A common stock.

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