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MarketWatch
MicroStrategy buys more bitcoin while it sells more stock
Shares of MicroStrategy Inc. were little changed in premarket trading, after the enterprise software company and bitcoin play disclosed more bitcoin purchases as well as sales of common stock. The company said that during its fiscal third quarter, from July 1 through Sept. 12, it paid $419.9 million in cash to buy about 8,957 bitcoin, at an average price of $46,875 per bitcoin, including fees and expenses. That suggests the company bought about 5,050 bitcoins for about $242.9 million, implying a
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