MicroStrategy Violated SEC Rules on BTC Purchases
MicroStrategy, which has become popular with its heavy investments in Bitcoin, violates SEC rules in Bitcoin (BTC) purchases.
MicroStrategy Shares Lose Value
The latest report released by the SEC coincides with the time when Bitcoin is facing a high level of volatility. BTC recently dropped to $35,000. Shares of MicroStrategy also lost value due to its investments in Bitcoin. MicroStrategy's share price fell 17.84% to trade at $375, a six-month low. Bitcoin's current price is also at a six-month low and almost 50% below its all-time high.Related News
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