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Stock impact report

Strategy Inc. (MSTR) Bolsters Bitcoin Holdings after Shares Sale [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
With the sale, the company generated $257 million in net proceeds. It also sold 70,201 shares of STRC stock, generating $7 million in net proceeds. It has already used the net proceeds to purchase 2,932 Bitcoin, taking advantage of the recent slump in the flagship crypto price. Strategy purchased Bitcoin at an average price of $90,061 for a total of $264.1 million. The company's treasury has risen to 712,647 Bitcoin, valued at about $54.19 billion at an average price of $76,037. The latest Bitcoin purchase comes on the heels of Mizuho reiterating an Outperform rating on the stock and cutting the price target to $403 from $484. The price target adjustment is in response to several political, macroeconomic, and product catalysts affecting the sector. Likewise, the research firm remains positive about the company's long-term prospects in the evolving cryptocurrency landscape. Strategy Inc. (NASDAQ:MSTR) is primarily a Bitcoin treasury company and an enterprise analytics software pr Show less Read more
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