$MicroStrategy(MSTR)$ MicroStrategy Inc., the dot-com-era software maker turned leveraged Bitcoin proxy, bought an additional $1.5 billion of the cryptocurrency through the sale of stock. It was the sixth consecutive Monday that the Tysons Corner, Virginia-based firm announced purchases of the digital asset. The purchases follow Friday’s announcement that MicroStrategy will be included in the Nasdaq 100 Index next week. It owns about $45 billion in Bitcoin. The decision to add MicroStrategy to the Nasdaq 100 represents a major stamp of institutional acceptance for its controversy-courting founder, Michael Saylor, whose disdain for Wall Street convention has helped spur a 500% rally in its shares this year and
BTC Retraces to $96000: Buy the Dip or Exit Now?
Bitcoin dropped to a low of $96,789, over $10,000 below Tuesday's all-time high, marking a 4% decline. Since the US election on November 5, Bitcoin's price has risen by more than 45%. Zann Kwan, CIO of Revo Digital Family Office, predicts that Bitcoin may retreat to just above the $90,000 level in the short term. ------------ What's your target price for Bitcoin in 2024? Is it good time to buy the dip or exit from Bitcoin?
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