MicroStrategy Inc. (NASDAQ: MSTR) shares fell Monday after the company announced it made a Bitcoin (CRYPTO: BTC) purchase. The company purchased 13,005 BTC priced at $37,617 each for a total of around $489 million. This brings the total company stake to 105,000 BTC.
MicroStrategy® Incorporated (NASDAQ:MSTR), the largest independent publicly-traded business intelligence company, today announced that it had purchased an additional approximately 13,005 bitcoins for approximately
What Happened: Shares of business intelligence firm MicroStrategy Incorporated (NASDAQ: MSTR) surged over 15% on Monday after the company said it would sell $1 billion worth of its shares over time.