MicroStrategy Stock Falls 4% as Strategy Buys 1,036 Bitcoin

Key insights MicroStrategy stock fell 4% to $124.23 on Nov. 9. Strategy acquired 1,036 BTC for $81.9 million and repurchased 1.89 million STRC shares. Strategy reported holdings of 850,364 BTC, a $4.77 billion reserve, and additional cash. MicroStrategy stock fell on Nov. 9, with MSTR trading at $124.23 after Strategy reported an $81.9 million Bitcoin purchase. The company acquired 1,036 BTC during the week ending Nov. 8, paying an average of $79,012 per Bitcoin. Strategy also repurchased 1.89 million STRC preferred shares for $188.3 million. MSTR Stock Price Trades Below Previous Close MicroStrategy stock fell $4.70, or 4%, from the previous close of $128.93. At 9:31 a.m. ET, early MicroStrategy stock trading placed shares between approximately $124 and $125.50. That MSTR stock price range remained below the prior closing valuation.

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