MicroStrategy's Latest Bitcoin Purchase

In a significant move, MicroStrategy Incorporated has announced the acquisition of an additional 10,107 Bitcoin, investing approximately $1.1 billion in cash between January 21 and January 26. This strategic purchase was disclosed in a recent Securities and Exchange Commission (SEC) filing, highlighting the company's continued confidence in cryptocurrency as a valuable asset.

Investment Details

The company purchased Bitcoin at an average price of about $105,596 per Bitcoin, including fees and expenses. Funding for this acquisition came from the proceeds of selling 2,765,157 shares, which amounted to $1.1 billion. This move underscores MicroStrategy's aggressive investment strategy in the digital currency space.

Current Holdings and Future Plans

MicroStrategy and its subsidiaries now boast a total of 471,107 Bitcoin, acquired at an aggregate price of approximately $30.4 billion, or about $64,511 per Bitcoin. As of January 26, the company has approximately $4.35 billion worth of shares available for sale, indicating potential for further investments in the cryptocurrency market.