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📈 MicroStrategy Loads Up on Bitcoin – Stock Soars
💼 Major Move Alert:
MicroStrategy has once again made headlines by buying 21,021 BTC for $2.46B, at an average price of $117,256 per coin. This brings their total Bitcoin holdings to a massive 628,791 BTC, valued around $72B at current market prices.
📊 Market Reaction:
The stock (MSTR) surged 5.1%, hitting $385.31 in early trading. Broader markets also rose — S&P 500 up 1.2%, Nasdaq up 1.7% — as sentiment improved after Friday’s dip.
🛠️ Strategic Framework Update:
MicroStrategy announced a key change:
It will only issue common shares to buy more Bitcoin if the company's total value is 2.5x greater than its BTC holdings. Currently, the ratio sits at 1.7x.
🪙 Bitcoin Movement:
Bitcoin saw a slight bump, rising 0.6% in the last 24 hours, according to CoinDesk data.
🔒 Why It Matters for Investors:
MicroStrategy is doubling down on its Bitcoin-first strategy — and Wall Street is responding. This signals continued institutional confidence in BTC, even at high price levels.