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flag MicroStrategy bought 487 Bitcoin for $49.9 million, raising its holdings to 641,692 BTC amid growing institutional confidence.

flag MicroStrategy purchased 487 Bitcoin between November 3 and 9, spending $49.9 million at an average price of $102,557, raising its total holdings to 641,692 BTC. flag The buy was funded through a $50 million at-the-market preferred stock offering, including new STRC, STRF, STRK, and STRD series. flag The company’s total cost basis is now $47.54 billion, with an average purchase price of $74,079 per coin. flag The move, part of a sustained strategy to grow its Bitcoin treasury, coincided with a 3.12% rise in Bitcoin’s price to $106,219 and the closure of a short position by Kynikos Associates, signaling growing institutional confidence. flag MicroStrategy’s stock remains under pressure but is closely tracking Bitcoin’s price, reflecting its role as a publicly traded Bitcoin acquisition vehicle.

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