MicroStrategy's recent financial maneuvers have caught the attention of investors, as the company disclosed the sale of approximately 3.01 million shares, raising $1.1 billion. These funds were used to purchase 11,000 bitcoins at an average price of $101,191 per bitcoin, significantly higher than its historical average purchase price of $63,610. This move has sparked concerns among investors about the high acquisition cost and its impact on the company's financial health. The muted market reaction suggests that investors are cautiously evaluating the risks associated with MicroStrategy's aggressive bitcoin strategy, particularly in light of the company's reported BTC Yield of 1.69% for the period from January 1 to January 20, 2025.
The Tidal Trust II YieldMax MSTR Option Income Strategy ETF (MSTY) experienced a modest increase, rising 0.33% to $29.97 at 8:40 AM on Tuesday, January 21.