Self-described Bitcoin Development Company MicroStategy (MSTR) added to its bitcoin (BTC) stack, purchasing 51,780 tokens for $4.6 billion over the six days ended Sunday.
With this latest purchase, the company — which began buying bitcoin in August 2020 — now holds 331,200 BTC acquired for about $16.5 billion. At the current price surrounding the $90,000 level, those holdings are worth just less than $30 billion.
To fund this latest purchase, MicroStrategy tapped its at-the-market share issuance program, selling roughly 13.6 million shares for $4.6 billion. The company has about another $15.3 billion of stock it can sell under the current program, according to a regulatory statement released Monday morning.
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