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,

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.

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.

Microstrategy today announced the purchase of an additional $209 million worth of Bitcoin, its eighth consecutive weekly buy.

MicroStrategy (MSTR, Financial) stock loses around 7% on monday as the company reports a drop in weekly Bitcoin purchases. The firm, which holds a large amount of Bitcoin, purchased $209 million of the crypto between December 23rd and Sunday and has 446,

MicroStrategy continues its active Bitcoin buying spree, acquiring 2,138 BTC for $209 million and holding a total of 446,400 BTC.