MicroStrategy Implements Aggressive Bitcoin Purchase Strategy in 2024

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Coin-Turk 9 months ago 280

MicroStrategy gained attention in 2024 with its aggressive Bitcoin $93,234 acquisition strategy. By the end of the year, the company amassed a total of 446,400 Bitcoins, setting a remarkable record. The company’s stock price increased by 332%, outpacing the rise in Bitcoin prices. However, its plan to issue $10 billion in shares has drawn scrutiny from both market analysts and current shareholders.

Stock Price Corrections and Selling Pressure

MicroStrategy’s stock fell by 40% from its peak of $473 in 2024, dropping below $300 by year-end. This correction reveals the selling pressure in the markets despite the company’s Bitcoin-focused strategy. Throughout the year, the firm acquired an additional 2,138 Bitcoins, maintaining its commitment to digital assets. Nevertheless, the $10 billion share issuance plan raises concerns about diluting existing shareholders’ stakes.

Market experts predict that the introduction of these shares could lead to a decline in MSTR stock value. Sino G., co-founder and COO of 21st Capital, commented, “MicroStrategy is not affected by corrections in Bitcoi...



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