Major Bitcoin Acquisition

MicroStrategy Inc., operating as Strategy, has acquired an additional 3,081 Bitcoin for $356.9 million during the week of August 18-24, according to the company's SEC filing released on Monday.

Purchase Details

The company purchased Bitcoin at an average price of approximately $115,829 per Bitcoin, which includes all associated fees and expenses.

Current Holdings and Market Impact

Following this latest acquisition, MicroStrategy and its subsidiaries now hold 632,457 Bitcoin, acquired at a total cost of approximately $46.5 billion, averaging around $73,527 per Bitcoin. The company's stock experienced a 14.45% decline during premarket trading, dropping to $342.21 at 8:21 am ET following the filing's release.