MicroStrategy's $5.4B Buy Last Week Adds To Its Bitcoin Hoard; Stock Stumbles

KEY TAKEAWAYSShares in MicroStrategy, the largest corporate holder of Bitcoin, fell Monday after the software company said it had bought $5.4 billion of the cryptocurrency.MicroStrategy ramped up acquisitions of the token this year—especially following Donald Trump’s November 5 election victory—as investors bet on a crypto-friendly administration and Congress. As of Nov. 24, MicroStrategy held 386,700 bitcoins Shares in MicroStrategy (MSTR), the largest corporate holder of bitcoin (BTCUSD), jumped pre-marke ...