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MicroStrategy Splashes US$427 Million on 4,020 Bitcoin as Shares Slump Amid Legal and Insider-Sale Pressures

  • MicroStrategy purchased 4,020 BTC for US$427.1M, raising its total holdings to 580,250 BTC, worth over US$63B and representing more than 3% of total supply.
  • Despite the buy, MicroStrategy faces pressure from insider stock sales and legal challenges.
  • Other firms like Metaplanet, Nakamoto, and Semler Scientific are following MicroStrategy’s lead in Bitcoin investments.
  • MicroStrategy's stock, MSTR, has dropped over 7% following a class-action lawsuit filed accusing the company of misleading shareholders over risks tied to its Bitcoin strategy.

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