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MicroStrategy Purchases Extra 51,780 Bitcoin for $4.6B

Twitter icon  •  Published 18 hours ago  •  Hassan Maishera

Software development company MicroStrategy has purchased an additional 51,780 for $4.6 billion, bringing their total holdings to 331,200 bitcoins.

TL;DR

  • Michael Saylor’s MicroStrategy has purchased 51,780 bitcoins for $4.6 billion.

  • The software development company now holds 331,200 bitcoins acquired for roughly $16.5 billion and worth just shy of $30 billion.

MicroStrategy Adds Another 51k Bitcoins to its Stash

Software development company MicroStrategy has purchased 51,780 tokens for $4.6 billion. The company’s chairman, Michael Saylor, announced this latest development in an X post on Monday. 

Thanks to this latest development, MicroStrategy now holds 331,200 BTC, which it acquired for about $16.5 billion. At the current price of around $90,000, those holdings are worth just less than $30 billion.

MicroStrategy sold roughly 13.6 million shares for $4.6 billion and used the funds to buy more bitcoins. The company added that it could also sell $15.3 billion of stock under its market share issuance program and could use the funds to acquire bitcoins. 

This latest development comes roughly a week after MicroStrategy purchased 27,200 bitcoins for $2 billion. In the last few weeks, the company purchased 72,000 BTC for $6.6 billion.

MSTR shares are up 400% year-to-date, with its stock value now correlating with Bitcoin’s performance. 

 

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Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.