Explore the latest developments concerning Strategy's bitcoin position.
Is Strategy (MSTR) Undervalued As It Raises $334 Million And Keeps Its Bitcoin Holdings?
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Strategy (MSTR) has drawn fresh attention after selling about 3.5 million shares through its at the market program and raising roughly $334 million while keeping its 840,447 bitcoin position unchanged.
At a share price of $104.25, Strategy has seen a 1 day share price return of 12.68% and a 7 day share price return of 9.93%. However, the 90 day share price return is down 36.76% and the 1 year total shareholder return is down 69.73%, so recent momentum has picked up after a difficult year.
If you are looking at other crypto exposed stocks while watching Strategy, this could be a good moment to scan 20 cryptocurrency and blockchain stocks
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