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How will MicroStrategy's stock price change by mid-2025 due to Bitcoin purchases?
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Story
MicroStrategy's Michael Saylor Acquires 423,650 BTC, Over 2% of Bitcoin Supply, Valued at $43 Billion; Plans $5 Billion Purchase
Dec 15, 2024, 12:52 PM
MicroStrategy, led by CEO Michael Saylor, has officially acquired over 2% of the total Bitcoin supply, amounting to 423,650 BTC, which is valued at over $43 billion. This significant holding positions MicroStrategy as a major player in the cryptocurrency market. Additionally, there are indications that Saylor may be planning to purchase an additional $5 billion worth of Bitcoin in the near future, further enhancing the company's stake in the digital currency. The news has sparked speculation about a potential new all-time high for Bitcoin prices as Saylor continues to signal his commitment to increasing MicroStrategy's Bitcoin holdings.
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