MicroStrategy Expands Bitcoin Holdings with $1.1 Billion Purchase
- MicroStrategy purchased 11,000 Bitcoin for approximately $1.1 billion.
- The acquisition was made at an average price of about $101,191 per Bitcoin.
- This marks the company’s 11th consecutive week of Bitcoin purchases.
- MicroStrategy now holds over 2% of all Bitcoin that will ever be mined, valued at approximately $47.9 billion.
- Shareholders approved a 30-fold increase in authorized Class A common shares to fund further Bitcoin acquisitions.
MicroStrategy’s recent purchase of 11,000 Bitcoin reinforces its position as a major player in the digital currency market, with total holdings now exceeding $47.9 billion. The company continues to expand its financial strategies to support ongoing acquisitions.
Source (2.6)https://www.newsbtc.com/bitcoin-news/microstrategy-expands-its-bitcoin-empire-acquires-11000-btc-for-1-1-billion/?rand=52377
