MicroStrategy (MSTR) has once again expanded its Bitcoin holdings, purchasing 51,780 BTC for $4.6 billion in a six-day period ending Sunday. With this latest acquisition, the company now owns a total of 331,200 Bitcoin, which it has accumulated for approximately $16.5 billion. At the current market price of around $90,000 per BTC, the value of these holdings has surged to nearly $30 billion.
To fund this latest Bitcoin purchase, MicroStrategy used its at-the-market share issuance program, selling approximately 13.6 million shares for the $4.6 billion. According to a regulatory filing on Monday, the company still has the capacity to sell up to an additional $15.3 billion in stock under the same program.
This follows just a week after MicroStrategy revealed it had purchased 27,200 BTC for $2 billion. In total, the company has now acquired around 72,000 BTC over the past few weeks, investing a combined $6.6 billion.
Although the company’s stock saw a 1% dip in premarket trading, it remains up almost 400% year-to-date.
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