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Barchart
Aditya Raghunath

MicroStrategy Paused Its Bitcoin Buying Spree. Is That Bad News for MSTR Stock?

MicroStrategy MSTR Bitcoin Strategy

Valued at a market cap of $80.7 billion, MicroStrategy (MSTR) provides enterprise software solutions. However, the tech company is also the largest institutional holder of Bitcoin (BTCUSD), which means the performance of MSTR stock is tied to BTC prices. 

MicroStrategy began accumulating Bitcoin on its balance sheet back in June 2020. Today, it owns 471,000 BTC worth over $45 billion. After an aggressive buying spree that saw MicroStrategy amass its Bitcoin holdings, the software company hit the pause button, surprising Wall Street. Let’s see what this means for MSTR stock. 

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