MicroStrategy, Crypto-Related Stocks Fall Premarket from Investing.com


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Investing.com – Shares of business analyst firm MicroStrategy (NASDAQ:) fell in U.S. premarket trading on Tuesday, leading to declines in other cryptocurrency-related names.

Virginia-based MicroStrategy, the largest corporate holder of , had previously announced that it planned to use proceeds from the sale of $600 million in convertible senior notes to purchase additional tokens.

Elsewhere, crypto miners include Marathon Digital Holdings Inc (NASDAQ:), Riot Platforms (NASDAQ:) and CleanSpark Inc (NASDAQ:) fell slightly before the opening bell in New York.

Bitcoin, the world’s most popular cryptocurrency, had gained 3.8% to $67,600 by 08:13 ET (13:13 GMT). The digital asset had pulled back slightly following a bounce in Asian trading as its price hit an over two-year high of $68,450.9 and was inches away from an all-time high of $68,999.

Bitcoin has been particularly supported recently by steady capital inflows into the token following the approval of several US exchange funds that directly track its price.


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