Reported about 23 hours ago
MicroStrategy Inc. has purchased $243 million worth of Bitcoin, marking its 10th consecutive weekly acquisition. The company, led by co-founder Michael Saylor, has adopted a buy-and-hold strategy since 2020, now holding over 2% of the total Bitcoin supply, valued at approximately $41 billion. The latest purchase involved 2,530 BTC at an average price of $95,972, as the firm aims to raise $42 billion for further investments through stock sales and convertible debt. MicroStrategy plans to hold a shareholder vote on January 21 to potentially increase its shares significantly.
Source: YAHOO