MicroStrategy buys 22,305 BTC for $2.13B amid stock decline and crypto drop

MicroStrategy announced a massive purchase of 22,305 BTC for $2.13 billion, but the stock is trading sharply lower, down 8.17%, amid a broader crypto market sell-off driven by risk-off sentiment.

• The acquisition brings MicroStrategy's total Bitcoin holdings to 709,715 BTC.
• The average purchase price for the new acquisition was $95,284 per Bitcoin.
• The stock decline aligns with Bitcoin's drop of 3.63%, trading at $89,675.58.