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Bitcoin Surges Strategy Elevates Holdings

MicroStrategy Expands Bitcoin Holdings to $46.8 Billion

  • MicroStrategy purchased 6,500 Bitcoin last week for $556 million.
  • The company now owns a total of 538,000 Bitcoin valued at $46.8 billion.
  • This acquisition was funded through $548 million from Class A common shares and $8 million from perpetual preferred stock sales.
  • Bitcoin’s price reached over $87,000 recently, boosting the company’s holdings’ value.
  • MicroStrategy’s stock was trading around $322, with fluctuations between $317 and $328 on Monday.

MicroStrategy’s recent purchase of 6,500 Bitcoin increased its total holdings to 538,000 Bitcoins worth approximately $46.8 billion. The acquisition was financed by equity offerings totaling $556 million.

Source (2.6)https://decrypt.co/315619/strategy-boosts-bitcoin-holdings-47-billion-latest-buy?rand=52368
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