MicroStrategy (MSTR) is selling convertible — now raising its projected sale to $700 million worth of notes — to fund the purchase of more bitcoin (BTC-USD). The Market Domination team analyzes MicroStrategy's stock price in relation to the value of its own bitcoin holdings. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan.
BTC plummeted more than 2% in an hour to $65,200 during the U.S. trading session from around the $67,000 area. The leading crypto was down 7.5% over the past seven days
The biggest cryptocurrency continues to fall after the Federal Reserve dampened expectations for interest-rate cuts.