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MicroStrategy Makes Largest Bitcoin Purchase Since July, Adds 13,627 BTC
Source: CryptoNewsNet Original Title: Strategy makes largest bitcoin purchase since July, adds 13,627 BTC Original Link: MicroStrategy (MSTR), the world’s largest publicly traded holder of bitcoin, increased its bitcoin holdings for the third consecutive week and its biggest purchase since July.
Led by executive chairman Michael Saylor, the company added 13,627 bitcoin for $1.25 billion, at an average price of roughly $91,519 per bitcoin. MicroStrategy now holds 687,410 BTC, acquired for a total of $51.80 billion, representing an average purchase price of $75,353 per bitcoin.
The latest addition to the company’s bitcoin reserves was funded through the sale of $1.1 billion in common stock and $119.1 million of its perpetual preferred equity.
MSTR shares were up 0.50% in pre-market trading, while bitcoin remained above $90,000.