Palantir, MicroStrategy, Axon Stocks Fall on Their First Day in Nasdaq 100

 

MicroStrategy Updates Stock Sale, Buys More Bitcoin

Also weighing on MicroStrategy shares was the company's update on a stock sale it announced Oct. 30, aimed at raising up to $21 billion, and a new bitcoin (BTC) purchase. It noted in a regulatory filing that between Dec. 16-22, it had sold about 1.3 million shares, valued at $561 million. MicroStrategy added that approximately $7.08 billion of shares remained available for purchase.2

The largest corporate holder of the cryptocurrency also reported that from Dec. 16-22, it had paid the same amount to acquire an additional 5,262 bitcoins. The average price was $106,662, close to the cryptocurrency's all-time high. 

MicroStrategy explained that as of Sunday, it owned 444,262 BTC. 

Despite today's selloff, shares of Palantir Technologies and MicroStrategy have skyrocketed 360% and 445%, respectively, this year, while Axon Enterprise shares have jumped 140%.