Key Takeaways MicroStrategy announced a purchase of around $209 million in bitcoin Monday.The company has now announced new bitcoin purchases for eight consecutive weeks.This latest round of buying has pushed MicroStrategy's total bitcoin holdings to 446,

It now holds 446,400 Bitcoins in total, worth about $41.4 billion based on Monday’s price of $92,678 per coin.MicroStrategy stock was down 7.2% to $306.24 in late morning trading.Shares of MicroStrategy,

Bitcoin rose on Thursday after the digital asset’s stockpiler MicroStrategy announced a plan to issue more shares, a move that would allow it to buy even more tokens.

MicroStrategy seeks shareholder approval to increase authorized shares from 330 million to 10.33 billion to sustain its Bitcoin acquisition strategy. Critics seem to misunderstand the

MicroStrategy (NASDAQ:MSTR) wants to kick its Bitcoin (CRYPTO:BTC) buying strategy into hyperdrive, but is doing so at the expense of existing shareholders. It just bought its latest tranche of the cryptocurrency,

Bitcoin's (BTC-USD) holiday momentum came to an abrupt halt just a day after its Christmas rally, even as bitcoin accumulator MicroStrategy (NASDAQ:MSTR) disclosed plans to issue additional shares to buy even more tokens.

Bitcoin declined even with cryptocurrency stockpiler MicroStrategy Inc. planing to issue more shares, a move that would allow it to buy even more tokens. The digital asset was down around 3% at $95,420 as of 7:12 a.