MicroStrategy Adds 51,780 Bitcoin for Whopping $4.6 Billion

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TheNewsCrypto 14h ago

MicroStrategy Adds 51,780 Bitcoin for Whopping $4.6 Billion - TheNewsCrypto

Quick Summary:

An 8-K filing with the Securities and Exchange Commission (SEC) on Monday revealed that business intelligence company MicroStrategy, a corporate bitcoin holder, purchased an extra 51,780 bitcoins for almost $4.6 billion, with an average price of $88,627 per bitcoin, between November 11 and November 17.

The firm is aiming to raise $42 billion in funds over the next three years.

It follows the selling of 13,593,865 shares of MicroStrategy stock to finance the purchases.