Diamonds and Dogs


Software firm, MicroStrategy (MSTR) buys more Bitcoin. A relatively small software firm has used its cash to buy Bitcoin over the last four years instead of reinvesting in the company. The stock is up 15% as the company bought recently another 12,000 Bitcoin worth $820 million, purchased with proceeds from a a recent convertible note raised through a private sale. The stock has tripled from the January lows two months ago.

More of a pullback in tech so far today. Meta (META) is down 4% on as Former President Trump and Congress are debating banning TikTok in the US. Trump went one step further saying Facebook is a n enemy of the people along with a lot of the media.

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