05-03-2024 14:15 via rocketnews.com

MicroStrategy’s stock pulls back after plan to offer debt to buy more bitcoin

Shares of MicroStrategy Inc. fell Tuesday, as the business-analytics software company and bitcoin play’s plan to offer convertible debt gave investors a reason to take a breather following the stock’s recent sprint to a 24-year high. Also weighing on MicroStrategy’s stock MSTR, +23.59%was a 0.7% decline in bitcoin BTCUSD, -0.00%in early-morning trading Tuesday, following a 34% run-up over the previous six sessions to close just shy of its record.MicroStrategy said late Monday t
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