Do not fear buying high! As Bitcoin continues to rise, MicroStrategy once again splurges $820 million on a shopping spree.
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MicroStrategy has purchased 12,000 bitcoins for $821.7 million, increasing its total holdings to around 205,000 bitcoins, worth over $14 billion. Since 2020, MicroStrategy has spent over $1 billion on bitcoin, which has risen by about 675%. This purchase is the company's second-largest transaction in nearly four years, causing its stock price to soar by over 1000%. Bitcoin has risen for the sixth consecutive day, with a gain of nearly 70% this year. MicroStrategy rose 5.11% after hours, closing at $1560.00.
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