Michael Saylor’s MicroStrategy Added Additional 51,780 Bitcoin for $4.6B
Self-described Bitcoin Development Company MicroStategy (MSTR) added to its bitcoin (BTC) stack, purchasing 51,780 tokens for $4.6 billion over the six days ended Sunday.
01:01
Bitcoin Breaks $64K While Gold Soars
00:56
ETH/BTC Ratio Slid to Lowest Since April 2021
00:57
Is Bitcoin Losing Its Bullish Momentum?
With this latest purchase, the company — which began buying bitcoin in August 2020 — now holds 331,200 BTC acquired for about $16.5 billion. At the current price surrounding the $90,000 level, those holdings are worth just less than $30 billion.
To fund this latest purchase, MicroStrategy tapped its at-the-market share issuance program, selling roughly 13.6 million shares for $4.6 billion. The company has about another $15.3 billion of stock it can sell under the current program, according to a regulatory statement released Monday morning.
Over the weekend, Executive Chairman Michael Saylor took to X to tease this morning’s purchase disclosure.
Just one week ago, the company announced it had purchased 27,200 bitcoin for $2 billion, thus putting buys over the past few weeks to about 72,000 BTC for $6.6 billion.
MSTR shares are down 1% premarket, but remain higher by nearly 400% year-to-date.
Disclosure
Please note that our
privacy policy,
terms of use,
cookies,
and
do not sell my personal information
have been updated
.
CoinDesk is an
award-winning
media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of
editorial policies.
CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one.