🔶👉 Microstrategy buys another 10,000 #bitcoins

MicroStrategy, led by Bitcoin maximalist Michael Saylor, bought another 10,107 BTC last week for about $1.1 billion, bringing its total holdings to 471,107 BTC, currently worth $48.5 billion.

The acquisition is part of an aggressive Bitcoin accumulation strategy that began in August 2020 and includes financing through debt issuance and stock sales.

The latest purchase was funded by the sale of more than 2.76 million shares for $1.1 billion, with the company still having an option to issue $4.35 billion worth of shares.

Microstrategy has been buying Bitcoin for the twelfth week in a row, with the latest purchase being made at an average price of $105,000 per BTC. The average purchase price of all BTC owned is $64,511 per BTC, and it has spent $30.4 billion on it.
#bitcoins