MicroStrategy Buys 4,871 Bitcoin, Now Holds 766,970
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
MicroStrategys Bitcoin Treasury Surges: A Massive $330 Million Investment
MicroStrategy has significantly bolstered its bitcoin treasury, acquiring 4,811 coins at an average price of $67,718 each, totaling approximately $330 million. This substantial investment, primarily funded by the sale of preferred stock STRC, has increased their bitcoin holdings to 766,970 coins, valued at around $58 billion. MicroStrategy now holds nearly 4% of the 20.1 million circulating bitcoins, solidifying its position as the leading corporate bitcoin holder. The companys recent 30-day buying spree of 44,000 bitcoins further underscores its commitment to the cryptocurrency, making it a key player in the current market.
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