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MicroStrategy (MSTR) confirmed the acquisition of an additional 4,871 Bitcoin for a total cost of approximately $329.9 million. The purchases were executed between April 1 and April 5 at an average price of $67,718 per Bitcoin. Following the announcement, the company's stock price climbed 3.9%, reversing some of the recent downward momentum that had seen the price hit $120. This move solidifies Executive Chairman Michael Saylor's commitment to Bitcoin as a primary treasury reserve asset. The stock had previously undergone a significant correction from its all-time high of $542 amid broader market volatility. Investors continue to view MSTR as a primary proxy for digital asset exposure, closely tracking the performance of the BTC/USD pair.
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