Strategy Inc. (MSTR) increases its bitcoin holdings after selling shares.
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According to a report by Bijie Network: MicroStrategy (NASDAQ: MSTR) has increased its bitcoin holdings, spending approximately $264.1 million to purchase 2,932 bitcoins, with funds sourced from the net proceeds of a recent stock sale. The average purchase price for this acquisition was $90,061 per bitcoin, bringing the company's total bitcoin holdings to 712,647, valued at approximately $54.19 billion. Previously, an exchange reiterated its "outperform" rating on MSTR but lowered its target price, citing strong confidence in the company's long-term prospects in the cryptocurrency sector.
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