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MicroStrategy Adds More Bitcoin: What’s Going On With The Stock?

MicroStrategy Incorporated (NASDAQ: MSTR) shares are trading lower Thursday, though the stock is up by more than 18% over the past month. Here’s a look at what’s going on: What To Know: MicroStrategy has purchased additional Bitcoin (CRYPTO: BTC), according to a post on the social media platform X from CEO Michael Saylor. The post reads, “MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per bitcoin. As of 11/29/23, MicroStrategy now hodls 174,530 bitcoin acquired for ~$5.28 billion at an average price of $30,252 per bitcoin.” On Thursday, M…