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Strategy's stock falls to fresh lows after using more share sales to buy bitcoin
Shares of Strategy slumped to their lowest close in more than a year on Monday, as investors were hit with a combination of falling bitcoin prices and another dilutive sale of stock. The software company (MSTR), which bills itself as the largest corporate holder of bitcoin (BTCUSD), disclosed Monday that from Dec. 22 through Dec. 28, it sold 663,450 shares of its common stock for net proceeds of $108.8 million. So far in December, the company, formerly known as MicroStrategy, has sold a total of 15.1 million common shares in December to raise $2.67 billion, which represents 6% of the company's market capitalization ... (full story)
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