MicroStrategy Buys $3 Billion Bitcoin

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Microstrategy stock MSTR

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MSTR stock

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MicroStrategy’s Michael Saylor Has $3B Rescue Plan as MSTR Stock Tanks 16%

Summary

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MSTR completed a $3 billion offering of zero -coupon convertible notes due 2029 , aiming to buy additional Bitcoin .

MSTR accounted for $50 billion in trading activity yesterday , with leveraged ETFs like MSTU and MSTX seeing record-breaking volumes.

The announcement comes as Bitcoin price hits a fresh all-time high of $ 99,314 levels with another 1.4% gain.

The MSTR stock ended the trading session 16.6% down slipping under $400 .

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