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#Show My Alpha Points# #Crypto Market Rebound# #SEC Crypto Project#
๐ฅ Premium Crypto Market Insight ๐ฅ
๐ MicroStrategy Loads Up on Bitcoin โ Stock Soars
๐ผ Major Move Alert:
MicroStrategy has once again made headlines by buying 21,021 BTC for $2.46B, at an average price of $117,256 per coin. This brings their total Bitcoin holdings to a massive 628,791 BTC, valued around $72B at current market prices.
๐ Market Reaction:
The stock (MSTR) surged 5.1%, hitting $385.31 in early trading. Broader markets also rose โ S&P 500 up 1.2%, Nasdaq up 1.7% โ as sentiment improved after Fridayโs dip.
๐ ๏ธ Strategic Framework Update:
MicroStrategy announced a key change:
It will only issue common shares to buy more Bitcoin if the company's total value is 2.5x greater than its BTC holdings. Currently, the ratio sits at 1.7x.
๐ช Bitcoin Movement:
Bitcoin saw a slight bump, rising 0.6% in the last 24 hours, according to CoinDesk data.
๐ Why It Matters for Investors:
MicroStrategy is doubling down on its Bitcoin-first strategy โ and Wall Street is responding. This signals continued institutional confidence in BTC, even at high price levels.