MicroStrategy's Significant Bitcoin Investment

In a strategic move that underscores its confidence in cryptocurrency, MicroStrategy Incorporated has purchased an additional 6,220 Bitcoin. The acquisition, made between July 14 and 20, involved an average price of $118,940 per Bitcoin, totaling a hefty $739.8 million.

Funding the Purchase

To finance this significant investment, the company sold 1,636,373 of its common shares, raising $736.4 million. Additionally, STRK, STRF, and STRD At-The-Market (ATM) shares were utilized to cover the purchase costs.

A Growing Crypto Asset

This latest purchase elevates MicroStrategy's Bitcoin holdings to an impressive 607,770 coins, acquired at an aggregate price of $43.61 billion. This translates to an average cost of approximately $71,756 per Bitcoin. Following the announcement, the company's shares experienced a 1.81% increase, trading at $423.22 each at 8:33 am ET.