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November 22, 2024

MicroStrategy Raises $3 Billion to Buy More Bitcoin as $100K Approaches

As Bitcoin closes in on the remarkable $100,000 mark, MicroStrategy takes a bold step by raising $3 billion through zero percent notes. This financial strategy comes as MSTR stock witnessed considerable volatility, with shares closing at $397.28, reflecting a notable decline of 25% from a previous high of $536.70. The company’s aggressive acquisition of Bitcoin showcases their ongoing commitment and belief in the cryptocurrency. Investors are watching closely to see how this move will impact both Bitcoin’s price trajectory and MicroStrategy’s market position. As anxieties rise in the crypto space, can MicroStrategy leverage this environment to benefit its holdings?

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