MicroStrategy's shares fell during a $525m convertible notes offering and co-founder Michael Saylor's pre-planned sales to buy more Bitcoin.
MicroStrategy shares fell amid the company's $525m convertible notes offering and pre-planned sales by co-founder Michael Saylor. The company aims to use offering proceeds to buy more Bitcoin, as their stock rallied over 120% in the last month due to rising Bitcoin prices. Institutional investors like IFP Advisors, Massmutual Trust, and Vanguard Group also bought and sold shares of MSTR during recent quarters.
March 18, 2024
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