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Michael Saylor's Strategy buys $330 million worth of bitcoin, stock rises
Michael Saylor's bitcoin-buying company Strategy (MSTR) recorded a $14.5 billion unrealized loss in the first quarter as the decline in bitcoin's price erased value from the firm's holdings, the company said in a securities filing on Monday Still, shares rose by roughly 6% through early trading on Monday while bitcoin (BTC-USD) gained 4% to trade above $69,500 per coin. In the company's latest buying spree, also disclosed on Monday, Strategy bought roughly $330 million worth of bitcoin between April 1 and April 5, further cementing its position as the largest corporate holder of the cryptocurrency. Since the ... (full story)
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