Strategy Shares Dip Despite $835 Million Bitcoin Purchase—Its Largest in 4 Months

Strategy announced its largest Bitcoin purchase in over four months, acquiring $835 million in Bitcoin as its price fell. The company now holds nearly 650,000 Bitcoin, valued around $61 billion, even as Bitcoin's price has seen an 11% decline recently. The firm's investment follows the debut of its euro-denominated preferred shares, generating approximately $700 million in net proceeds. Despite this significant acquisition, Strategy's shares fell 1.5% to below $197, reflecting a 31% drop in a month as investor concerns about dilution surfaced. Executive Chairman Michael Saylor confirmed that the company has been consistently purchasing Bitcoin amidst market volatility, countering rumors of liquidation. Despite scrutiny regarding its business model, analysts maintain that fears concerning debt-related sales are unwarranted. Overall, the article illustrates the complex dynamics at play as Strategy navigates pressures from declining Bitcoin prices and their impact on stock performance.

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