MicroStrategy Expands Bitcoin Holdings with $1.1 Billion Purchase
- MicroStrategy acquired Bitcoin for the twelfth consecutive week, spending approximately $1.1 billion.
- The company now holds around 471,107 BTC, valued at roughly $30.4 billion.
- This acquisition represents over 2% of the total Bitcoin supply that will ever exist.
- Plans to sell $250 million in perpetual preferred stock to finance further Bitcoin purchases.
- The company’s stock surged about 600% over the past year but declined slightly by approximately 1.4% recently.
MicroStrategy’s recent purchase of $1.1 billion in Bitcoin increases its holdings to around 471,107 BTC, marking a significant investment in cryptocurrency and representing over 2% of total supply.
Source (2.6)https://www.newsbtc.com/bitcoin-news/countdown-to-500000-microstrategys-aggressive-bitcoin-strategy-continues-with-1-billion-purchase/?rand=52377
