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,

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.

Bitcoin rose on Thursday after the digital asset’s stockpiler MicroStrategy announced a plan to issue more shares, a move that would allow it to buy even more tokens.

MicroStrategy seeks shareholder approval to increase authorized shares from 330 million to 10.33 billion to sustain its Bitcoin acquisition strategy. Critics seem to misunderstand the

MicroStrategy (NASDAQ:MSTR) wants to kick its Bitcoin (CRYPTO:BTC) buying strategy into hyperdrive, but is doing so at the expense of existing shareholders. It just bought its latest tranche of the cryptocurrency,

Shares of MicroStrategy were down over 4% early on Thursday after the Michael Saylor-owned business intelligence firm said it wants to issue more shares, in order to buy more Bitcoin. Saylor, currently MicroStrategy’s executive chairman in charge of its Bitcoin strategy,

Bitcoin's (BTC-USD) holiday momentum came to an abrupt halt just a day after its Christmas rally, even as bitcoin accumulator MicroStrategy (NASDAQ:MSTR) disclosed plans to issue additional shares to buy even more tokens.

Bitcoin declined even with cryptocurrency stockpiler MicroStrategy Inc. planing to issue more shares, a move that would allow it to buy even more tokens. The digital asset was down around 3% at $95,420 as of 7:12 a.