MicroStrategy Acquires Additional 3,000 Bitcoin, Total Holdings Now at 193,000 BTC
The company's latest purchase, made for approximately $155 million, boosts its bitcoin portfolio to an estimated value of $10 billion.
- MicroStrategy Incorporated acquired 3,000 Bitcoin for about $155.4 million, increasing its total holdings to 193,000 BTC.
- The acquisition was made between February 15 and February 25 at an average price of $51,813 per bitcoin.
- MicroStrategy's total bitcoin holdings are now worth approximately $10 billion, reflecting an unrealized profit of $3.8 billion.
- The company's stock has surged nearly 25% year-to-date, buoyed by the recent rally in bitcoin prices and the approval of several spot bitcoin ETFs.
- MicroStrategy financed the purchase using proceeds from the issuance and sale of its shares, raising about $750 million.