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Bankruptcy

One of the hottest Bitcoin trades in 2024 is slumping into the New Year.
As of Thursday, MicroStrategy’s share price had fallen 45% from its November peak—sliding to $300 from a record price of $543 around six weeks ago.
The Tysons, Virginia-based software firm went gangbusters on Bitcoin last year, purchasing billions of dollars worth of the cryptocurrency using equity and debt. On Monday, the company topped off its stash of 446,400 Bitcoin, worth $43 billion, with a $200 million Bitcoin purcha…