MicroStrategy Buys 4,871 Bitcoin, Ramps Up Stock Offerings
Bitcoin & Crypto News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
MicroStrategy, the largest public Bitcoin holder, resumed buying last week, acquiring 4,871 Bitcoin for $329.9 million at an average of $67,718 per coin. This increased their total holdings to 766,970 Bitcoin, valued at approximately $58 billion. Despite booking a $14.46 billion unrealized loss in their first-quarter results, they continued to stack Bitcoin, adding around 54,000 since early February. They also launched new stock offerings, aiming to maintain cash flow for more purchases. This strategy underscores their commitment to Bitcoin, even during market dips.
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