MicroStrategy Pauses Bitcoin Purchases

MicroStrategy, the leading software firm and largest public Bitcoin holder, has halted its weekly Bitcoin purchases, breaking a six-week streak. This shift comes as the companys stock trades significantly below its peak and its valuation is at a low point. Despite this, MicroStrategy still holds nearly 650,000 Bitcoins, averaging $74,433 per coin. Recent market fluctuations led to a slight stock increase and a Bitcoin price rise, but the companys future acquisition strategy remains uncertain.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.