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Stock impact report

MicroStrategy stock bounces amid bullish analyst targets [Yahoo! Finance]

Strategy Inc - Class A (MSTR) 
Last strategy inc - class a earnings: 4/28 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.microstrategy.com
Company Research Source: Yahoo! Finance
It bounced off its 200-day moving average (DMA), though it could not break resistance at its 50-day DMA. The bounce has come after a major announcement of the company's purchase of 3,459 more Bitcoin. The company's Bitcoin position now stands at 531,644 Bitcoin , worth more than $45 billion. MicroStrategy's latest Bitcoin position cost $285.8 million, which was funded from the sale of nearly 960,000 shares of its Class A common stock. The continued use of equity financing to accumulate Bitcoin reserves is indicative of Executive Chairman Michael Saylor's Strategy and also reinforces Bitcoin as the company's primary treasury asset. This purchase comes right after a very large purchase of 6,911 BTC in late March for $584.1m which allowed the company to surpass the 500,000 BTC milestone. These aggressive buys happen to be taking place at a time of rising geopolitical uncertainty. President Donald Trump's aggressive tariffs against China have upset global markets however Bitcoin s Show less Read more
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