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MicroStrategy Sells More Stock Than It Buys Bitcoin: A Red Flag?
MicroStrategy bought 1,587 Bitcoin (BTC) for $100 million between June 8 and June 14, paying an average of $63,024 per coin. To fund it, the company sold $209 million of common stock, more than twice what it spent. The gap shows where the rest of the money went. MicroStrategy steered the surplus into a cash...
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