MicroStrategy, crypto-linked stocks dip premarket
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Investing.com — Shares in business analytics group MicroStrategy (NASDAQ:MSTR) dipped in premarket U.S. trading on Tuesday, leading declines in other crypto-linked names.
Virginia-based MicroStrategy, the largest corporate holder of Bitcoin, had earlier announced that it intends to use the proceeds from a sale of $600 million in convertible senior notes to purchase more of the token.
Elsewhere, crypto miners Marathon Digital Holdings Inc (NASDAQ:MARA), Riot Platforms (NASDAQ:RIOT) and CleanSpark Inc (NASDAQ:CLSK) all edged lower prior to the opening bell in New York.
Bitcoin, the world’s most popular cryptocurrency, had gained 3.8% to $67,600 by 08:13 ET (13:13 GMT). The digital asset had pulled back slightly from a surge in Asian trading that had seen its price hit an over two-year high of $68,450.9 and inch within touching distance of an all-time peak of $68,999.
Bitcoin has been recently supported chiefly by steady capital inflows into the token following the approval of several U.S. exchange-traded funds that directly track its price.
