MicroStrategy Buys 1,229 More Bitcoin, Now Holds 672K

MicroStrategy, the largest public holder of bitcoin, has resumed purchasing the cryptocurrency, buying 1,229 bitcoins for $108.8 million at an average price of $88,568 per coin. This move follows their recent cash reserve boost and adds to their existing 672,497 bitcoin stash, bought for a total of $50.44 billion at an average price of $74,997 per bitcoin. They funded this latest purchase by selling $108.8 million worth of their class A common stock. Shares of MicroStrategy dipped slightly, while bitcoin slipped to around $87,000 amid market fluctuations. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.