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,

Shares of business analytics software company MicroStrategy (NASDAQ:MSTR) fell 7.7% in the morning session after the company sold 592,987 shares for approximately $209 million. The company used the proceeds to acquire approximately 2,

MicroStrategy bought about $209 million of bitcoin in the past week, making it eight weeks in a row that the company has acquired more of the digital currency.

Shares of MicroStrategy now sit firmly on their $300 price tag, which should also be considered significant as a round number. A break below $300 will increase selling pressure on the stock, targeting a retracement to $250, an 18% decline.

The last time MicroStrategy disclosed share sales and bitcoin buying was Dec. 23, when it sold $561 million in shares to buy about 5,262 bitcoins at an average price of $106,662.

MicroStrategy Inc. said it bought $209 million of Bitcoin, marking the eighth consecutive week of purchases for the dot-com-era software maker turned leveraged proxy for the original cryptocurrency.

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Bitcoin has soared 60% since the election, breaking new highs and reigniting interest in cryptocurrency markets! With a crypto-friendly administration poised to take charge, policies are expected to further boost Bitcoin,