MicroStrategy Buys 22K BTC, Sells Stock for Funds
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
MicroStrategy, the leading public company holding Bitcoin, made a significant purchase last week, adding 22,337 BTC to their stash at an average cost of $57.61 billion. This brings their total holdings to 761,668 BTC, with the deal ranking as one of their five largest single purchases. To finance the majority of the cost, MicroStrategy sold a record volume of their preferred stock, STRC, and a portion of their common shares.
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