MicroStrategy (now "Strategy") doubles down on Bitcoin
On August 4, MicroStrategy’s stock jumped ≈4.8% after it revealed a $2.46 billion Bitcoin purchase between July 28 and August 3—adding 21,021 BTC at an average price of ~$117,256. This brings its total holdings to ~628,791 BTC, worth over $72 billion today. The firm also announced a new equity issuance strategy tied to its BTC-to-enterprise value ratio
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