MicroStrategy (MSTR), recognized as the largest publicly traded bitcoin holder globally, has expanded its bitcoin assets for the third week in a row, marking its most substantial acquisition since July.
Under the leadership of Executive Chairman Michael Saylor, MicroStrategy purchased an additional 13,627 bitcoins at a total cost of $1.25 billion. This translates to an average price near $91,519 per bitcoin. The company’s total holdings now stand at 687,410 BTC, which were accumulated for approximately $51.80 billion overall—equating to an average cost basis of about $75,353 per bitcoin.
The recent increase in their bitcoin stash was financed by raising capital through issuing $1.1 billion worth of common shares and selling $119.1 million in perpetual preferred equity known as Stretch (STRC).
In pre-market trading sessions following this announcement, MicroStrategy’s stock rose by 0.50%, while the price of bitcoin remained steady above the $90,000 threshold.
MicroStrategy (MSTR), recognized as the largest publicly traded bitcoin holder globally, has expanded its bitcoin assets for the third week in a row, marking its most substantial acquisition since July.
Under the leadership of Executive Chairman Michael Saylor, MicroStrategy purchased an additional 13,627 bitcoins at a total cost of $1.25 billion. This translates to an average price near $91,519 per bitcoin. The company’s total holdings now stand at 687,410 BTC, which were accumulated for approximately $51.80 billion overall—equating to an average cost basis of about $75,353 per bitcoin.
The recent inc→t;→t;→t;e→s→t;e→a→s i n t o b i t c o i n s was financed by raising capital through issuing $.11 b i l l i o n worth o f c o m m o n shares and selling $.119 . million in perpetual preferred equity known as Stretch (S T R C).