MicroStrategy's stock was down 1.8% in in early-afternoon trading Monday. It has dropped more than 19% since closing at a record high of $473.83 on Nov. 20, but has still run up over 68% since Nov. 5, ...
Just over a month after announcing plans to raise $21 billion through stock sales to help fund additional purchases of Bitcoin, MicroStrategy Inc. is already almost halfway to its goal.
MicroStrategy’s bitcoin strategy drives a flywheel: issuing debt to buy bitcoin boosts its stock, which funds more bitcoin buys. Other companies are starting to replicate ...