Reported about 15 hours ago
MicroStrategy Inc. has purchased $1.1 billion worth of Bitcoin as it prepares for a shareholder vote to increase its authorized Class A shares significantly. This marks the 11th consecutive week of Bitcoin acquisitions, with the company now owning over 2% of the total Bitcoin supply. The purchase of 11,000 Bitcoin tokens at an average price of around $101,191 was made through stock sales and convertible debt offerings. Shareholders are set to vote on raising authorized shares, a move anticipated to further support Bitcoin purchases, especially following recent regulatory changes expected under President Trump's administration.
Source: YAHOO