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MicroStrategy continues its bitcoin buying spree for the 7th straight week as the crypto dips below $100,000

  • MicroStrategy has purchased an additional 5,262 bitcoins, continuing its buying spree for the 7th consecutive week.
  • The company sold $561 million worth of shares to fund the purchase, bringing its total bitcoin holdings to 444,262, valued at $27.7 billion.
  • MicroStrategy's bitcoin buying strategy involves leverage, posing risks if the crypto declines significantly.
  • While MicroStrategy has seen significant gains from its bitcoin bet, a decline in the cryptocurrency could put the company at risk.

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