MicroStrategy Inc (NASDAQ:MSTR), on Wednesday, increased its Bitcoin (CRYPTO: BTC) reserves. The business intelligence company invested $615.7 million to acquire an additional 14,620 BTC. Executive Chairman Michael Saylor said on X that the purchase price for this batch of Bitcoin averaged $42,110 per unit. What Happened: The report headlined, “All I want for Christmas is Bitcoin: MSTR purchases another $616mm of BTC in December; upping price target” by Canaccord Genuity Corp said Bitcoin saw a 16% surge over the last month and 41% over the past six months, which has been eclipsed by the perfo…

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