MicroStrategy's Bold Move into Bitcoin

In a significant expansion of its cryptocurrency holdings, MicroStrategy Incorporated, now operating under the name Strategy, has acquired an additional 7,633 Bitcoins. This acquisition, costing approximately $742.4 million, took place between February 3 and February 9, as disclosed in a recent Securities and Exchange Commission (SEC) filing.

With an average purchase price of around $97,255 per Bitcoin, including fees and expenses, this latest investment underscores the company's commitment to Bitcoin. The acquisition was financed through the sale of 516,413 company shares, raising about $179 million, and a public offering of its Series A Perpetual Strike Preferred Stock, which garnered approximately $563.4 million.

MicroStrategy's Growing Bitcoin Treasury

Following this purchase, Strategy and its subsidiaries now boast an impressive portfolio of about 478,740 Bitcoins. The total investment in these digital assets stands at around $31.1 billion, with an average purchase price of approximately $65,033 per Bitcoin, including fees and expenses. This move further solidifies MicroStrategy's position as a leading corporate investor in the cryptocurrency space.