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Series of events · MicroStrategy
MicroStrategy shares buybacks and bitcoin purchases
The company continued repurchasing stock and buying bitcoin while Msci removed it from indexes.
Updated
What happened, in order
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Where it began
Initial buyback
MicroStrategy repurchased $102.6 million of shares and held 848,000 bitcoin as of October 4.
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Turning point
Msci removal
Msci will remove MicroStrategy from its indexes after classifying the firm as a non-operating company.
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Stock and coin buy
MicroStrategy bought 267 bitcoin and repurchased $193 million of shares, with cash falling to $5.28 billion.
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Latest
Largest recent buy
MicroStrategy acquired 811 bitcoin and repurchased $208 million of shares, with cash falling to $4.92 billion.
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How they connect
MicroStrategy reported share repurchases and bitcoin holdings before Msci announced its removal from indexes. The company then continued its pattern of buying bitcoin and repurchasing stock in subsequent weeks.
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