MicroStrategy, a software company with a large Bitcoin holding, recently acquired an additional $2 billion worth of Bitcoin. However, the company's stock premium has reached a two-month low and its share price is 30% lower than its all-time high. The market value of the company is calculated based on its Bitcoin holdings, and this multiple has decreased by one-third. While some bullish traders have set high price targets for MicroStrategy, others believe the company is overvalued and exhibits bubble characteristics. MicroStrategy used the proceeds from dilutive offerings to purchase more Bitcoin, bringing its total holdings to 423,650 BTC, worth $41.5 billion.



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